S&P 500 Bulls Undeterred by Hawkish Fed; Eyes on Slope Resistance

What’s inside: Hawkish FOMC only causes only minor intra-day volatility, market snaps back Recent breakout might continue, but history hasn’t been kind to chasers A pair of top-side trend-lines could be problematic, bring in next way of weakness Struggling to gain momentum in your trading? Check out this beginner’s guide – Building Confidence in Trading […]

GBP/USD Struggles at Resistance- Weakness to Offer Opportunity

To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook: Last month we noted that Sterling prices were approaching a region of key, “structural support at the December high / lower parallel at 1.2760/75– a level of interest for possible exhaustion.” Indeed prices registered a low of 1.2773 before […]

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USD/CAD Testing Resistance Ahead Dueling US & Canadian Jobs Data

Talking Points USD/CAD Longs at risk ahead of key US/Canada data prints Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) USDCAD 120min Technical Outlook:USDCAD is testing near-term channel resistance & heading into the close of the […]

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Gold Prices Rally Up to Pivotal Resistance Zone

To receive James Stanley’s Analysis directly via email, please sign up here. In our last article, we were looking at aggressively bearish price action in Gold prices as we walked-in to last week’s rate hike from the Fed. And the term ‘rate hike’ is important here rather than ‘rate decision’, because the Federal Reserve had […]

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USD/JPY Clears Monthly Range, Trendline Resistance Ahead of U.S. CPI

Talking Points USDJPY rebound in focus- constructive above weekly open Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) USD/JPYDaily Technical Outlook:Last week we highlighted a key support confluence in USDJPY at 111.07/45 with the short bias […]

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Silver Eyes Key Resistance- Weakness to Be Viewed as Opportunity

Talking Points Silver rally at risk near-term, broader outlook remains constructive Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) Silver Daily Technical Outlook: Silver prices are responding to a key resistance confluence at 17.74/86– this region […]

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US Dollar Index – Former Resistance Provides Support

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -The rally post-election has covered the entire channel and then some. Monday’s close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) […]