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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. […]

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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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S&P 500: Testing Bottom-side of Familiar Trend-line

What’s inside: S&P 500 trades to record levels Minor resistance at the underside of a familiar trend-line Preferred strategy remains buying dips versus chasing momentum Looking for trading ideas? See our Trading Guides. On Thursday, we looked at short-term trading levels in the S&P 500 and kept with the theme of higher prices in line […]

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DAX Drops into Trend-line Support, Hourly Chart in View

What’s inside: The DAX drops hard into June trend-line Needs to quickly find support or increases likelihood of sustaining additional losses 60-minute chart in view with short-term levels and notations In yesterday’s session, the DAX gapped higher by about 40 points and quickly found sellers above the 10/28 high. The resulting gap-n-trap sell-off ended with […]