Becoming a Better Trader – Identifying Support and Resistance

In this session, the discussion was on identifying various types of support and resistance and watching price action around the levels on your charts.


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Preview for November FOMC Meeting and Forecast for US Dollar

The DXY Index remains in a holding pattern before the FOMC releases its November policy decision.


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Bitcoin: Weekly Short Positions Shrink 13% Prompting Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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Gold: 83.5% of Retail Traders are Net-Long Despite Recent Consolidation

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.


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FOMC Preview: Wait-and-See Mode to Keep EUR/USD Afloat

The Federal Open Market Committee (FOMC) interest rate decision may yield a limited reaction as the central bank is expected to retain the current policy.


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USD/JPY: Bullish Bias As Short Positions Increase 17%

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.


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GBP/USD: Weekly Long Positions Soar 29%

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500: Weekly Short Positions Soar 46% to Multi-Month High

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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Oil Price Outlook Mired by Ongoing Oversold RSI Signal

Recent price action keeps the downside targets on the radar for oil especially as the Relative Strength Index (RSI) sits in oversold territory for the first time since 2017.


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EUR & GBP Dips on Italy and Brexit, AUD Back at Resistance - US Market Open

USD recovery continues as Federal Reserve rate decision looms. Brexit headlines keep GBP choppy, while AUD outperforms on Chinese data.


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US Dollar Trend-Line Bounce Vulnerable Ahead of FOMC

The Federal Reserve is on deck for 2PM ET today, and the primary focus will be on the details of the statement. Dynamics in the US Dollar, however, remain of interest.


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FTSE Chart Analysis – Watching Short-term Price Action for Next Move

The FTSE stabilized in recent sessions, but can it continue? In this article a couple of scenarios are highlighted which have differing outcomes.


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EURUSD Outlook Still Positive Technically After Mixed EU Forecasts

The European Commission and the ECB have published mixed reports on the prospects for the Eurozone economy but the technical outlook for EURUSD remains constructive.


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USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision

USDJPY saw a modest recovery following its initial dip post the midterm election. Market participants now eye the latest FOMC meeting, which could see a test of the 114.00 handle.


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Gold, Crude Oil Prices May Accelerate Lower on Upbeat FOMC

Gold and crude oil prices may accelerate downward as an upbeat statement from the Federal Reserve boosts rate hike speculation and sends the US Dollar higher.


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Asia Pacific Stocks Climb but Fed May Cap Gains as S&P 500 Falls

Asia Pacific stocks followed Wall Street higher via gaps to the upside. ASX 200 extended climb. Ahead, the Fed may bolster the US Dollar while sending the S&P 500 back into the red.


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EUR/USD to Rise Further? FOMC, Italy and Brexit May Bring Losses

EUR/USD has mounted a spirited recovery but an intact downtrend and fundamental headwinds from Brexit and Italy could mean that this upswing will be short-lived.


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What Will the Dollar and Dow Glean from a Hawkish Fed Hold?

Markets are particularly sensitive to the FOMC rate decision, with little scope for a hawkish surprise but much to lose on a dovish outcome.


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Krona and Euro Vulnerable to Unprecedented Political Gridlock

The Krona and Euro may be the victim of Sweden’s ongoing political gridlock amid the broader risk aversion in the region fueled by Brexit and the Italian budget talks.


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Will the Dow’s Post-Election Surge Continue and Can the Fed Revive the Dollar?

While the S&P 500 posted its largest rally in one day in months, the US Dollar gapped lower post election results. The greenback eyes the FOMC decision ahead.


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