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TECHS: Price Signal Summary - USD Weak, Commodities And Equities Strong

MARKET INSIGHT
  • USD is under pressure. EURUSD attention is on 1.2259 next, 1.618 projection of the Nov 4 - 9 rally from the Nov 11 low. Cable is through 1.3539, Dec 4 high. This opens 1.3618 next, May 10 high, 2018 USDJPY has cleared 103.18 key support, Nov 6 low, exposing 102.75, 1.00 projection of Oct 7 - Nov 6 downleg from Nov 11 high. AUDUSD bulls target 0.7677 next, Jun 6 high, 2018. USDCAD remains vulnerable with scope for 1.2677 next, 76.4% of the 2017-20 uptrend.
  • On the commodity front, Gold is firmer and has cleared $1875.4, Dec 8 high and the bull trigger. $1888.9 attracts next, 61.8% of the Nov 9 - 30 sell-off. Silver has cleared trendline resistance. This opens $26.008, Nov 9 high and a bull trigger. Brent (G1) targets $52.00 and $53.15 next. The latter is the 1.000 projection of the Nov 16 - 25 rally from Dec 2 low. In WTI (F1), gains have opened $50.00.
  • Key support today in Bund (H1) lies at 177.21, trendline drawn off the Nov 11 low. Gilts (H1) have thus far held above support at 134.10 76.4% retracement of the Dec 2 - 11 rally.
  • Finally, equity indices remain bullish. The S&P E-Mini objective is 3728.88, 1.50 projection of Sep 24 - Oct 12 rally from Oct 30 low
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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