US Dollar: Break or Bounce, Setups on Both Sides

In this webinar, we looked at price action setups in the US Dollar after a pullback in the recent month-long bullish trend. This produces the possibility of bullish continuation, but that’s not the only possible setup, as short-side themes remain open of both very short and longer-term varieties. We looked at each in this webinar, […]

AUD/USD Price Analysis: Pending Consolidation Break to Fuel Next Leg

The Australian Dollar has continued to trade within a 2% range (150pips) since the start of May trade with price setting a well-defined monthly opening-range just above weekly support. While the broader risk remains weighted to the downside, the immediate bias remains vulnerable near-term while above this week’s lows. Here are the levels that matter […]

Will USD/JPY Break its Trading Range?

USD/JPY has been lacking inspiration lately. USD/JPY has been unable to penetrate the resistance trend line formed since 2015. As a result, the market may be trading on its heels for the first part of 2018. The sentiment reading for USD/JPY is currently +1.5 that means 60% of traders are currently long. Sentiment is a […]

DAX Trading Towards Gap-fill, Break of H&S Neckline

What’s inside: Post-ECB drop accelerates Friday, gap-fill likely H&S top to trigger on a move much lower from here Will require strong bullish price action to negate current bearish bias What major factors are expected to impact the DAX & Euro in Q3? Find out here! To end last week, we were noting DAX weakness […]

Gold Prices Coil Up, May Break Upward on US GDP Data

Talking Points: Gold prices trace out bullish Triangle chart pattern Soft Q1 US GDP revision may trigger upside breakout Crude oil prices swoon as OPEC extends output cuts Gold prices continued to mark time as expected, with traders looking ahead to the release of revised first-quarter US GDP figures. Consensus forecasts see the annualized growth […]

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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. […]