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EUR/GBP Pending Bearish Breakout

Market Condition: EUR/GBP Pending Breakout Target 1:______2X ATR at .8189 Target 2:______4X ATR at .8065 EUR/GBP, Daily Chart with ATR (Created Using IG Charts) The EUR/GBP has retraced off of its yearly lows with week, allowing traders to plan for the markets next breakout. As seen on the daily graph above, traders may plan for […]

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DAX Technical Outlook: Bullishly Quiet

What’s inside: DAX quiet after Monday’s French election-induced explosion Support not far below in the form of prior highs, trend-line Resistance in form of top-side t-lines to watch on next push higher See our Forecastand Trading Guides for trade ideas and educational material. Since the big gap-and-rip on Monday, European markets have been calm, with […]

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Trump’s Tough Tariff Talk Awakens CAD & MXN Bears

Will JPY longs continue to unwind? See our forecastto find out! Talking Points: CAD falls aggressively to 14-month lows on fears of protectionist trade stance from the US EUR/JPY becomes the hottest trade of the week in anticipation of positive ECB on Thursday Crude Oil revisits 200-DMA Join Tyler in his Daily Closing Bell webinars […]

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CAC 40 Surges on French Election Results

Talking Points: The CAC 40 has surged to new 2017 highs on Monday, as European markets rally on the conclusion of the first round of the 2017 French presidential election. Yesterday’s election results have Emmanuel Macron and Marine Le Pen moving forward to the final election round, which is to be held on May 7th. […]

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Technical Weekly: British Pound Gets off the Ground

GBP/USD breakout USD/JPY holding 52 week average for now; watch 110.10 USD/CAD revisiting range highs; next price zone is 1.3700-1.3838 —Subscribe to Jamie Saettele’s distribution list in order to receive a free report to your inbox several times a week. —Looking for ideas and forecasts? Visit theDailyFX guides and forecasts page. Also, check out the […]

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US Dollar Index Trendline; Can it Finally Break?

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Positioning -“DXY held trendline support at the March low and just found resistance from the median line of the 2016 channel. I don’t have a strong opinion on direction right now but the barriers are the January-March line and 2016 trendline. […]