David Song
David Song
Strategist
Expertise: Macroeconomics, Technical Analysis
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GBP/USD Remains Susceptible to Bear Flag Formation
GBP/USD remains susceptible to a bear-flag formation as the 50-Day SMA (1.2893) reflects a negative slope.
Australian Dollar Forecast: AUD/USD Eyes Yearly Low Ahead of RBA
AUD/USD may attempt to test the yearly low (0.6349) as it extends the decline from the start of the month.
Gold Price Outlook Mired by Flattening Slope in 50-Day SMA
The price of gold may give back the advance from the November low ($2537) as it struggles to trade back above the 50-Day SMA ($2668).
US Non-Farm Payrolls (NFP) Report Preview (NOV 2024)
The US is anticipated to add 200K jobs in November, while the Unemployment Rate is expected to increase to 4.2% from 4.1% during the same period.
USD/JPY Snaps Bearish Price Series Ahead of US NFP Report
USD/JPY may stage a large recovery over the remainder of the week as it snaps the recent series of lower highs and lows.
EUR/USD Struggles to Trade Back Above Former Support Zone
The opening range for December is in focus for EUR/USD as it appears to be stuck in a narrow range.
GBP/USD Recovery Vulnerable as Bear Flag Formation Takes Shape
GBP/USD may stage additional attempts to test the May low (1.2446) as a bear-flag formation appears to be taking shape.
USD/CHF Pullback Faces Positive Slope in 50-Day SMA
USD/CHF may defend the rally following the US election should it track the positive slope in the 50-Day SMA (0.8692).
USD/CAD Defends Post-US Election Rally to Eye November High
USD/CAD may test the November high (1.4178) as it appears to be defending the rally following the US election.
AUD/USD Approaches November Low with Australia GDP on Tap
AUD/USD approaches the November low (0.6434) as it gives back a three-day rally.
US Dollar Forecast: USD/JPY Gives Back Post-US Election Rally
USD/JPY trades to a fresh monthly low (150.46) as it gives back the advance following the US election.