EURUSD has established a top and will target 1.1662 and below, according to David Sneddon and his team at Credit Suisse in London.
GBPJPY will likely continue its rally towards 160/165 in the medium-term, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
In his Autumn 2017 report, George Davis, Chief FIC Technical Analyst at RBC Capital Markets, describes what he thinks is a pendulum shift taking place in the currency and commodity markets.
An eventual break above key resistance will open up a challenge of 1.3669/72, according to David Sneddon and Christopher Hine at Credit Suisse in London.
With many major market indices making new all-time highs and few signs of deterioration in underlying indicators, US equities remain very bullish for the longer-term, says Ron Meisels at Phases & Cycles.
Last week’s breakout in the S&P 500, accompanied by an uptick in advancing volume, suggests there is conviction behind the new buying demand, says Ari Wald, Technical Analyst at Oppenheimer.
A medium-term bullish reversal pattern for Brent Crude may be confirmed at the end of this week, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A close above 1.2150 would be very bullish for EURUSD and give a medium-term target of 1.4000, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Natural gas may be about to embark on a multi-month bull market, says James Dima, technical analyst at Marex Spectron.
The DAX has held key support and is likely to head back up towards its June high, according to David Sneddon and Christopher Hine at Credit Suisse in London.