EUR/USD OUTLOOK:EUR/USD lacks strong directional conviction as market mood remains cautiousWhile euro remains biased to the upside over a medium-term horizon, the outlook could change if prices break below an important support zoneThis article looks key technical levels to watch in the coming days Most Read: EUR/USD on Cusp of Major Breakdown as US Dollar
Technical Analysis
Number of traders net-short has decreased by 28.82% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFrance 40BEARISH50.46%49.54%54.03% Daily90.57% Weekly-21.05% Daily-28.82% Weekly4.71% Daily4.09% Weekly France 40: Retail trader data shows 50.46% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since
Number of traders net-short has decreased by 14.44% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFTSE 100BEARISH50.18%49.82%34.98% Daily28.14% Weekly-13.68% Daily-14.44% Weekly5.38% Daily2.68% Weekly FTSE 100: Retail trader data shows 50.18% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since
USD/JPY TECHNICAL ANALYSISUSD/JPY (US dollar – Japanese Yen) was cautious on Tuesday, moving between small gains and losses around the 138.50 level and showing signs of losing momentum following its stunning run over the past few weeks. For context, the pair has staged a solid rally since the beginning of the month, rising more than
NASDAQ 100 FORECAST:Nasdaq 100 has risen sharply this year, boosted by the “artificial intelligence frenzy, but the rally has not been homogenousA few megacap tech players have been the main source of strength for the marketOverbought conditions suggest a pullback could be coming soon Most Read: Nasdaq 100 Outlook – Bulls Dominate but Pullback Looms
NATURAL GAS, NG – Outlook:Natural gas prices jumped to a ten-week high last week.The recent price action raises the odds that base building may have started.What is the outlook on natural gas and what are the key levels to watch? The surge in momentum last week could be an early sign that natural gas may
Gold, XAU/USD – Price Action:Gold rebounded on Friday after Fed chair Powell’s remarks.However, the drop to a six-week low could be a sign that cracks have started to emerge in gold’s uptrend.What is the outlook and key levels to watch in XAU/USD? Last week’s drop to a six-week low could be a sign that cracks