David Song
David Song
Strategist
Expertise: Macroeconomics, Technical Analysis
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USD/CHF Snaps Bearish Price Series to Hold Above Weekly Low
USD/CHF seems to be unfazed by the weaker-than-expected US Retail Sales report as it holds above the weekly low (0.9079).
US Dollar Forecast: USD/CAD Susceptible to Test of Monthly Low
USD/CAD may threaten the positive slope in the 50-Day SMA (1.4175) if it fails to defend the monthly low (1.4280).
Gold Price Recovery Stalls Ahead of December High
The recovery in the price of gold seems to have stalled ahead of the December high ($2726) as it no longer carves a series of higher highs and lows.
EUR/USD Vulnerable Amid Push Below January Opening Range
EUR/USD may continue to track the negative slope in the 50-Day SMA (1.0495) as it pushes below the opening range for January.
Australian Dollar Forecast: AUD/USD Halts Four-Day Selloff
AUD/USD rebounds from a fresh monthly low (0.6131) to pull the Relative Strength Index (RSI) back from oversold territory.
USD/JPY Pulls Back to Keep RSI Below Overbought Zone
USD/JPY continues to pull back from the monthly high (158.88) to keep the Relative Strength Index (RSI) below 70.
US Dollar Forecast: USD/CHF Climbs Towards 2024 High
USD/CHF climbs toward the 2024 high (0.9225) following the 256K rise in US Non-Farm Payrolls (NFP).
GBP/USD Approaches November 2023 Low
GBP/USD approaches the November 2023 low (1.2096) after failing to defend the 2024 low (1.2300).
Gold Price Recovery Eyes December High
The price of gold may attempt to further retrace the decline from the December high ($2726) as it extends the series of higher highs and lows from the start of the week.
US Dollar Forecast: USD/CAD Stages Three-Day Rally
USD/CAD attempts to retraces the decline from the start of the week as it stages a three-day rally.
EUR/USD Weakness Brings January Opening Range in Focus
EUR/USD snaps the recent series of higher highs and lows as it trades to a fresh weekly low (1.0273).