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Michael Boutros

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Japanese Yen Technical Forecast: USD/JPY Bears Emerge

USD/JPY broke below a major support pivot this week with the bears now threatening a larger correction. Battle lines drawn on the weekly/daily technical charts.

Oil extraction

Oil Price Forecast: Oil Bears Reassert Control– Crude Support in View

Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.

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Canadian Dollar Technical Forecast: USD/CAD Rips on Trump Tariffs

USD/CAD surged to fresh yearly highs as Trump threatens a 25% tariff on Canada- bulls vulnerable into major resistance. Battle lines drawn on the weekly technical chart.

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British Pound Forecast: GBP/USD Eight-Week Breakdown Testing Support

British Pound plunged for an eighth week with a 7% decline off the yearly high now testing the key support. Battle lines drawn on the GBP/USD weekly technical chart.

Euro Technical Forecast: EUR/USD Bears Push Towards Parity

Euro is poised to mark a third weekly decline with the push towards parity now testing downtrend support. Battle lines drawn on the EUR/USD weekly technical chart.

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Australian Dollar Technical Forecast: AUD/USD Bulls Vulnerable

Australian Dollar snapped back to a key pivot zone and the rebound remains vulnerable into the monthly close. Battle lines drawn on the AUD/USD weekly technical chart.

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Gold Short-term Outlook: XAU/USD Recovery Eyes Pivotal Resistance

Gold prices surged more than 4.3% this week with a four-day rally now threatening the October downtrend. Battle lines drawn on the XAU/USD technical charts.

Swiss Franc Technical Forecast: USD/CHF Bulls Eye Pivotal Resistance

USD/CHF is poised to snap a five-week advance with the Trump rally exhausting into major resistance. Battle lines drawn on the USD/CHF weekly technical chart.

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US Dollar Technical Forecast: USD Trump Rally Breaks Yearly Range

US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.

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Canadian Dollar Short-term Outlook: USD/CAD Trump Rally Unravels

The Trump rally failed at technical resistance last week with a two-day plunge testing the first line of defense. Battle lines drawn on the USD/CAD short-term charts.

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Japanese Yen Short-term Outlook: USD/JPY Bears Charge Uptrend Support

US Dollar reversed off technical resistance last week with USD/JPY now testing initial trend support. Battle lines drawn on the USD/JPY short-term technical charts.

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Swiss Franc Short-term Outlook: USD/CHF Bulls Relent at Resistance

USD/CHF reversed off uptrend resistance with the bulls now searching support within the September uptrend. Battle lines drawn on the short-term technical charts.

Gold nuggets

Gold Price Forecast: XAU/USD Bulls in Retreat Post-Trump

Gold prices plunged more than 9% off the record highs with a third weekly decline now testing initial support. Battle lines drawn on the XAU/USD weekly technical chart.

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Japanese Yen Technical Forecast: USD/JPY Rally Reverses at Resistance

USD/JPY is poised to snap a four-week rally with an outside-weekly reversal threatening a larger pullback. Battle lines drawn on the weekly/daily technical charts.

Energy

Oil Price Forecast: Crude Oil Spills Back into Support

Oil prices plunged more than 8% off the monthly high with WTI approaching critical support near the yearly lows. A multi-timeframe view of the Oil technical charts.

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British Pound Short-term Outlook: GBP/USD in Freefall- Support Ahead

British Pound plunged more than 3.2% off the monthly high with a break of the election range exposing key support. Battle lines drawn on the GBP/USD technical charts.

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Euro Short-term Outlook: EUR/USD Breakdown Searches for Support

Euro plunged more than 3.4% off the post-election high with EUR/USD breaking to fresh yearly lows- support in view. Battlelines drawn on the short-term technical charts.

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US Dollar Short-term Outlook: USD Trump Bump Extends into Resistance

The post-election rally has extended more than 2.7% off the monthly low with USD now testing major resistance. Battle lines drawn on the DXY short-term technical charts.

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Australian Dollar Short-term Outlook: AUD/USD Bears Go for the Break

Australian Dollar plunged 2.5% off the post-election high with Aussie now threatening a multi-month uptrend. Battle lines drawn on the AUD/USD technical charts.

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British Pound Forecast: GBP/USD Plunges to Critical Support

British Pound plunged nearly 4.8% off the yearly high with the bears now poised to challenge key trend support. Battle lines drawn on the GBP/USD weekly technical chart.

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Euro Technical Forecast: EUR/USD Post-Election Sell-off Tests Support

Euro is testing major support around the yearly lows with US inflation data and retail sales on tap. Battle lines drawn on the EUR/USD weekly technical chart.

Canadian Dollar Technical Forecast: USD/CAD Bulls Eye Resistance

USD/CAD snapped a five-week winning streak with the November opening-range now poised for a breakout post-US elections. Battle lines drawn on the weekly technical chart.

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Swiss Franc Technical Forecast: USD/CHF Bulls Wrestle with Resistance

A four-week rally off the yearly low is now threatening a breakout of the April downtrend post-US elections. Battle lines drawn on the USD/CHF weekly technical chart.