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The dollar is set to be on the rebound, expect a potentially fast rally
U.S. dollar bank notes are arranged for a photograph on September 7, 2017 in Hong Kong.studioEAST | Getty ImagesIn April we were bearish on the dollar with the chart suggesting a downside target near 0.85 was a possibility. Support near…
Gold is clearly trending down
Hand holding gold bullion.Edgar Su | ReutersGold has developed a clear downside trend break away from the strong resistance level near $1,364. Many gold traders were waiting for a breakout above the critical long term resistance level…
The Dow has lost its momentum
The Dow does not like what it sees as trade tensions rise, according to Daryl Guppy.
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Never mind the pullback, technical analysis shows oil is headed for a rebound
The pullback in oil prices takes place within the environment of a well-established uptrend, writes Daryl Guppy.
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Technical analysis: Chinese stocks may change trend
A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China.Aly Song | ReutersThe Shanghai index retreated and then broke out this month, and that’s a bullish signal for the market.The pattern confirms that…
Traders are carefully watching for gold’s next move
Mariya Gordeyeva | ReutersTraders who went short gold in May are beginning to consider covering their short positions.The collapse of the gold price was a classic trend change. It started with a retreat from a strongly defined resistance…
Talk of a tech crash is unjustified. Here’s why
Damien Meyer | AFP | Getty ImagesTech heavyweights Facebook, Apple, Netflix, Amazon and Google parent Alphabet have an inordinately large weighting on the Nasdaq, so any change in their financial health has a disproportionate impact on…
What to watch in Australia’s market-currency contradiction
The Australian dollar in various denominations.Brendon Thorne | Bloomberg | Getty ImagesThe market contradiction with the persists. The Australian market is making new 10-year highs, although has stalled near resistance at 6,300. New…
Oil’s uptrend remains intact – commentary
A heavy crude oil pump.James Hall | EyeEm | Getty ImagesA little over a month ago I wrote about NYMEX oil and suggested that the pullback was a buying opportunity. Investors watch for the opportunity to add to long positions as the price…
The dollar’s strength appears unabated
Stack of dollar bills.Marcos Brindicci | ReutersThe breakout in the U.S. dollar appears to have slowed, so investors across the board are eager to determine if that is the end of dollar strength, or just a pause.Before we get too carried…