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Forex Technical Analysis

US Dollar Index failed to hold above 97.00 and has started to retreat again retesting 96.70 with next potential support in the 96.20 to 96.40 area. EURUSD continues to attract support above $1.1000 and RSI suggests downward pressure starting to ease off but it still hasn’t been able to rebound very far, only up into • Read More »


Gold Retreat and Crude Oil Breakdown

Gold has successfully retested $1,160 Fibonacci support again but continues to struggle with resistance at a lower high near $1,170. RSI drifting back toward 50 indicates upward momentum slowing. Potential support on a breakdown may appear in the $1,150 to $1,152 area. Crude Oil WTI is breaking down today, taking out $43.00 former channel support • Read More »


Asia Pacific Indices

Australia 200’s advance has stalled near 5,380 a 50% retracement of the previous downtrend while RSI suggests upward momentum levelling off. Initial support possible near 5,340 then 5,310. Japan 225 continues to drop back in a normal trading correction, falling under 18,905 back toward 18,800 with next potential support near 18,700 a Fibonacci level. RSI • Read More »


WTI dives, stocks slide on possible US oil sales and disappointing durables

US markets spent the day in retreat, dragging European indices down for the ride as disappointing US economic data dragged on sentiment. Durable goods were particularly poor, coming in below expectations for September and August being revised even deeper into the red, while consumer confidence took a tumble as well. In recent years, this kind • Read More »


Forex Technical Analysis

US Dollar Index failed to hold above 97.00 and has started to retreat again retesting 96.70 with next potential support in the 96.20 to 96.40 area. USDCAD is surging higher today, breaking through $1.3200 and its 50-day average and climbing toward $1.3225 with next potential resistance near $1.3300 or even $1.3340. RSI back above 50 • Read More »


Gold and Oil Technical Analysis

Gold is testing $1,160 Fibonacci support again after struggling with resistance at a lower high near $1,170. RSI drifting back toward 50 indicates upward momentum slowing. Potential support on a breakdown may appear in the $1,150 to $1,152 area. Crude Oil WTI is breaking down today, taking out $43.00 former channel support that may emerge • Read More »


North American and European Indices

US 30 has slumped back from 17,600 toward 17,570 with next support possible near 17,500 in what appears to be a normal trading correction of an overbought RSI which otherwise confirms the underlying uptrend. US NDAQ 100 is steady near 4,630 as it continues to level off in the 4,600 to 4,650 area for a • Read More »


Durables Drop Drags Dow Down Drain

US stocks have taken a turn for the worse this morning due to a dismal durable goods orders report that not only missed expectations by a wide margin for September, but saw August orders revised sharply downward, a sign of a struggling industrial/manufacturing sector. Durable goods weakness continues a steady stream of data disappointments this • Read More »