Forex Technical Analysis

/Forex Technical Analysis

Gold Rally Challenging Major Uptrend Resistance into Q3

2020-07-05T00:18:16+00:00

Gold prices surged a staggering 23% off the March lows with the rally testing multi-year uptrend resistance- Can the rally be sustained into Q3? These are the levels.

Gold Rally Challenging Major Uptrend Resistance into Q3 2020-07-05T00:18:16+00:00

Australian Dollar Technical Forecast for Q3 2020

2020-07-05T00:18:19+00:00

The Australian Dollar’s surge from the March lows may be coming to an end as bearish patterns begin to line up on multiple time-frames

Australian Dollar Technical Forecast for Q3 2020 2020-07-05T00:18:19+00:00

EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jun 11, 2020 when EUR/GBP traded near 0.90.

2020-07-05T00:18:36+00:00

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jun 11, 2020 when EUR/GBP traded near 0.90. 2020-07-05T00:18:36+00:00