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Weekly Technical Forecast: A Late Dollar Correction and ’Risk’ Assets Rebound Presents Contrasting Trends

Weekly Technical Forecast: A Late Dollar Correction and ’Risk’ Assets Rebound Presents Contrasting Trends

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View our economic calendar to see the events that might influence each currency this week.

USD Weekly Technical Outlook: Dollar Caps Breakout Potential, Faces Former Critical Resistance as New Support

Have spent nearly the entire week forming a plateau, the Dollar closed this past Friday with its biggest daily drop in nearly a month. Has the high time frame reversal in favor of the Greenback hit the skids or is this just a pause?

GBP/USD Weekly Technical Outlook: Short-Term Chart Shows Upward Momentum

GBPUSD continues to trade near its 14-month low but the short-term outlook may be slightly more positive for Sterling bulls.

EUR/USD Weekly Technical Outlook: Euro May Churn Before Resuming Lower

In the week ahead, the euro may try and continue retracing some of the recent breakdown below 11500, but the path of least resistance favors more selling to follow.

USD/JPY Weekly Technical Outlook: USD/JPY Dollar Bulls May Be Running Low on Steam

The USDJPY pair has recently lacked significant technical conviction, but some may be building toward the downside.

AUD/USD Weekly Technical Outlook: AUD/USD 2018 Dowtrend Intact. Warnings Hint Prices May Rise Next

This year so far, AUD/USD remains in a downtrend but a hammer and morning star warns prices may rise in the near-term next, perhaps testing the February descending trend line.

View our Third Quarter Forecast for currencies, commodities, and equities to give a broader view of trends and sentiment influencing different assets.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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