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Monthly Forex Forecast
Monthly Forex Forecast
The S&P 500 has previously bounced quite nicely, but it’s obvious that the last couple of weeks of August has seen quite a bit of selling pressure.
The NASDAQ 100 has fallen quite significantly from the 50 Week EMA near the 13,500 level.
Oil markets have rallied during the last couple of weeks in August, breaking the bank of a “falling wedge.
The EUR/USD has been pummeled for the last several months, and the month of August has seen a run down to the parity level again.
The British pound has been shellacked during the month of August, and I suspect that we are getting ready to have a short-term bounce.
September is going to be a huge month for the gold market, because there will be an increase in volume
Bitcoin: Newest Collapse of Value shouldn’t Surprise Traders
Ethereum: Intriguing Month of Results Promises More Wagering
USD/ZAR: Trading Range Could Offer Speculative Range Still
USD/INR: After Big August Moves Delivered, September Awaits
The USD/INR will start the month of August near crucial short term support levels, this after achieving record high values in the middle of July.
The USD/ZAR will begin the month of August within a technical middle ground per its one month chart and traders should be ready for choppy conditions to emerge.
After creating a high not seen since 1998 in the USD/JPY in mid-July, the currency finished trading for the month near lows not seen since mid-June.
ETH/USD has been able to sustain gains that it has produced incrementally, increasing support levels and helping to create a rather speculative technical tide of wagers.
The gold markets have been drifting for quite some time, reaching down to the crucial $1700 area.