Gold Technical Analysis: Has Support Set-In?

Talking Points: – Gold prices started a bullish trend in mid-December, rallying from a low of $ 1,236. – The past few days have finally seen that bullish trend pull back; but will buyers respond to near-term support? – Gold is currently carrying heavy bullish retail exposure, with a +2.0 read via IG Client Sentiment. […]

USD/JPY Stair-Stepping Down Support

To receive Michael’s analysis directly via email, please SIGN UP HERE USD/CHFDaily Chart Technical Outlook: USDJPY turned from median-line resistance last week after failing to punch through basic trendline resistance extending off the yearly high. The focus is on near-term confluence support at 111.86/99– a region defined by the 23.6% retracement and the 200-day moving […]

Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

To receive Michael’s analysis directly via email, please SIGN UP HERE Talking Points Bitcoin (BTC/USD) 240min Chart Technical Outlook: The price of Bitcoin plummeted today, breaking a near-term consolidation range that has held since the July 20th high. The decline is now approaching initial support at the confluence of former median-line resistance (blue) & the […]


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 […]


GBP/CAD Testing Key Support Ahead of Canada Employment

Talking Points GBP/CAD responds to confluence support ahead of key CAD data Updated targets & invalidation levels Click Here to be added to Michael’s email distribution list. GBP/CAD Daily Technical Outlook: GBPCAD is responding to confluence support at 1.6357 where the 61.8% retracement of the October advance converges on the median-line of the embedded descending […]