Both S&P 500 and Dollar Have Short-Term Reversal Patterns to Weigh Next Week

Talking Points: Reports that US-Chinese trade talks are to resume next week competed with the unresolved tensions between the US and Turkey Volatility has risen despite seasonal restraints this past week, but a definitive bearing on risk trends remains elusive The list of high profile event risk is thin next week so sentiment and Jackson […]

Gold Set Up for Reversal As Sentiment Shifts

Spot Gold: Retail trader data shows 62.3% of traders are net-long with the ratio of traders long to short at 1.65 to 1. The number of traders net-long is 0.1% lower than yesterday and 1.9% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 2.5% higher from last […]

AUD/USD Technical Analysis: Aussie Dollar Reversal Brewing Ahead?

To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: AUD/USD Technical Strategy: Flat Aussie Dollar forms bullish candlestick pattern, hinting a rebound may be ahead Bearish long-term trend break still valid, hinting gains may yet prove corrective The Australian Dollar put in a bullish Morning Star candlestick pattern, hinting that a […]

How Confident Are You In the EUR/USD’s Reversal?

Talking Points: While October is looking to be a quiet month overall, EUR/USD looks to be staging a productive shift on lower time frames A clear head-and-shoulders pattern has formed for this benchmark pair and arguments can be made whether it broke Thursday Fundamentals need to provide the drive for me – but there we […]

Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead

US Dollar Forecast: Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE The USD Pain Trade has continued for another week as the Fed laid the groundwork to begin Quantitative Tightening. Key inflation and employment prints on the docket for next week will likely keep the Greenback on the move. British Pound Forecast: Trending […]

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AUD/JPY Reversal Targeting Initial Support Hurdle

Talking Points AUDJPY at risk sub-86.82 – Key near-term support into 84.86 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) AUD/JPY Daily Technical Outlook: AUDJPY turned last week from the December high-day close at 86.93 with […]