AUD/NZD Broke Half-Decade Ceiling. Tech Stocks Retreat on Sino-US Risks

AUD/NZD has crossed a key technical threshold after being rejected by descending resistance for five years. Technology stocks continue to suffer amid growing US-China tension.
Source: News FX

Dow Jones & DAX 30 Forecasts: Lagging Industrials Stymie Gains

The Dow Jones and DAX 30 continue to lag the tech-heavy Nasdaq 100 as their greater exposure to industrial sectors looks to keep a lid on explosive gains.
Source: News FX

Dollar vs Mexican Peso Price Outlook: USD/MXN Range Breakout Imminent

Mexican Peso has carved the August opening-range just below trend resistance- breakout to offer guidance. Here are the levels that matter on USD/MXN technical charts.
Source: News FX

Markets in Limbo as Volatility Gyrates: VIX, EVZ, VXEEM, OVX

Gauges of cross-asset volatility like the VIX, EVZ, VXEEM, and OVX have tumbled lower as appetite for risk prevails, but building uncertainty around fiscal stimulus and trade tension hangs over mar…
Source: News FX

FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades

The FTSE 100 will await key data from the United Kingdom as bullish momentum has begun to fade over the last few weeks. Can a strong showing revive risk appetite?
Source: News FX

US Dollar Consolidates Below Critical Support – Key Levels for DXY Index

The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011.
Source: News FX

Canadian Dollar Price Outlook: USD/CAD Tests TL Resistance

USD/CAD has put in a resistance check, but can the pair break through short-term support?
Source: News FX

Weekly Crude Oil Technical Forecast: Tedious Trading Continues

Crude oil prices have been rather quiet in recent weeks, with the four-week ATR falling to its lowest level since the last week of December.
Source: News FX

Gold Price Steadies After Friday's Sell-Off, Silver's Volatility Remains Elevated

Gold and silver continue to regroup after Friday’s sharp sell-off as familiar themes battle to take control of short-term price action.
Source: News FX

Gold analysis for 10.08.2020

USD is getting empowered by the US economic data.
The support rests at 2025.34 with resistance at 2042.34 which both lines are above the weekly pivot point at 2019.83. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 2070.

Source: fxglory