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. […]