The Russell 2000 is on the verge of a breakdown

Russell 2000 daily The Russell 2000 is poised for the lowest weekly close since November 2020. It’s fallen in four straight weeks and seven of the past eight. It’s trading at 1646, which is just 0.3% above the 1641 intraday low in June 2022. The index is down 0.6% today. If that level breaks,we could

Cluster Support in Play after Breakdown. More Pain Ahead?

NASDAQ 100 OUTLOOK: Nasdaq 100 breaks down, falling to its lowest level since late May after breaching a key floor For sentiment to improve, cluster support in the 14,150/13,930 range must hold at all costs This article analyzes the key technical levels worth watching on the NDX in the coming days. Trade Smarter – Sign

EUR/USD on Breakdown Watch, EUR/GBP Stuck in No Man’s Land For Now

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter EUR/USD ANALYSIS EUR/USD has been falling on a sustained basis since mid-July more or less. This downward trend has been primarily driven by the contrasting economic performance of the United States and the

Gold Price Outlook Hinges on Key US Inflation Data, XAU/USD on Breakdown Watch

GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term

Pound Breakdown Post-BoE & UK Housing Data

POUND STERLING ANALYSIS & TALKING POINTS BoE guidance & UK housing price report weigh negatively on GBP. US in focus later today. Head & shoulders breakout opens up subsequent support zones. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound faced some stiff competition from the US dollar yesterday

Gold On the Cusp of Another Breakdown

GOLD OUTLOOK & ANALYSIS Higher oil prices & global growth concerns push USD higher. US ISM services PMI’s in focus later today. Cautious gold traders look to fundamentals for guidance. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL FORECAST Gold prices are under threat of another collapse as reflation fears have been

Breakdown Potential Gathers on Trendline Rejection

EUR/USD Analysis Recommended by Richard Snow How to Trade EUR/USD German Inflation Steadies in July but the Job is Far from Done German inflation met expectations, rising 6.2% year-on-year as forecasted, with a month-on-month rise of 0.3%. The data comes after the EU experienced a second successive month where core inflation printed at 5.5% and