USD is vulnerable
Following this week’s Fed decision to effectively remove its tightening bias the USD is looking vulnerable, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
FX
Risk higher for GBPUSD
GBPUSD continues to trend higher despite recent Brexit developments, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
Firm support for EURCHF
EURCHF is looking bullish in the medium-term having found support from the confluence of two key levels, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Short-term weakness for USD
A short-term top has completed for the Bloomberg Dollar Index and if EURUSD can now break above 1.1500 it can go on to target 1.1644, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
Bitcoin to fall below $3000?
Ron William, director at RW Advisory, gives his medium- and long-term outlook for cryptocurrencies.
Bearish reversal for NZD
After a ‘rampant’ rally since early October the Bloomberg NZD Index looks ready to enter a corrective phase, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
EURUSD rally in sight
A close above the neckline of a potential inverted head-and-shoulders pattern would confirm a medium-term low for EURUSD, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
USD holds support
David Sneddon and James Gilbert at Credit Suisse in London remain bullish on the USD after the Bloomberg Dollar Index (BBDXY*) surges higher and holds neckline support from its large head-and-shoulders base.
Cable heads back up
GBP/USD is poised to return to the upper end of its Brexit trading range, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Gold and Yuan part ways
The close correlation between Gold and the Chinese Yuan has broken and this has triggered a bullish breakout for XAU/CNH, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.