FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD

It's been a fairly intense start to 2018 already, and tomorrow brings Non-Farm Payrolls as a plethora of workable themes remain for traders.


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EUR/USD Initiates Bearish Series as Rebound Flops Ahead of November-High

EUR/USD initiates a series of lower highs & lows after failing to test the November-high (1.1500), with the Relative Strength Index (RSI) also flashing a bearish signal.


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USD/JPY Technical Analysis: 3 Year Pattern Complete?

The Elliott Wave chart pattern for USDJPY shows the three year triangle from 2015 may have completed today. If correct, this implies a very large rally in USDJPY and JPY crosses.


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USD/JPY Rate Forecast: RSI Sits in Oversold Zone Following Flash Crash

The 2018-low (104.63) remains on the radar for USD/JPY as the exchange rate carves a string of lower highs & lows, while the RSI sits in oversold territory.


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Gold’s Bullish Breakout Extends Advance amid Yen Flash Crash

Conditions that cater to a stronger Japanese Yen also help Gold prices rally.


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AUD/JPY Weekly Price Outlook: Aussie Plummets to Multi-Year Lows

AUD/JPY is pace to mark the largest weekly range since 2016 with price testing critical multi-year support. Here are the levels that matter on the AUD/JPY weekly chart.


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USDJPY: 27% Lower Net-Short Suggests Prices May Continue to Drop

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


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USD/CAD Price Outlook: Rally Stalls at Critical Resistance Zone

It’s decision time for the Loonie as price tests key resistance into the start of the year. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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US Selloff Accelerates on ISM Manufacturing Index Miss

The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.


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GBPUSD: 74% Net-Long Gives a Bearish Signal

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


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US Selloff Accelerartes on ISM Manufacturing Index Misses

The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.


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Gold Sentiment is Unable to Provide a Clear Direction

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


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DXY Index Stays Lower after Currency Markets Flash Crash

A flash crash in the period between North American trading on Wednesday and Asian trading on Thursday has traders reeling, again.


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USD Falters at Resistance, JPY Spikes Higher on FX Flash Crash- US Market Open

The USD is on the backfoot against its major counterparts, despite a stellar ADP employment, risk is on ISM Manufacturing. JPY surges across amid flash crash.


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EURCAD: Short Position ** Targets Hit **

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Waning ISM Manufacturing Survey to Fuel EUR/USD Rebound

Fresh updates to the ISM Manufacturing survey may fuel a larger rebound in EUR/USD as the index is expected to narrow to 57.8 from 59.3 in November.


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USD/JPY: Yen Melts Up, Snaps Back as Fear is in the Air to Start 2019

Risk aversion didn't wait around for long as big moves registered in the currency market on the first trading day of 2019.


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Apple Profit Warning Weighs on S&P 500 and Nasdaq, Exposed Stocks Plunge

Last night saw Apple provide its first revenue warning in over a decade, confirming the view that global growth is indeed slowing. Apple exposed stocks tumble.


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Gold Price Rise Accelerates as Global Market Sentiment Worsens

Gold is in demand as Apple’s lower sales forecast, the partial US Federal Government shutdown and the Chinese economic slowdown combine to increase flows into safe havens.


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Crude Oil Prices Relatively Stable Despite Concerns Over Global Economy

US and Brent crude oil prices are holding their ground, despite fears of a global economic slowdown, after a report that OPEC output fell in December by the most in nearly two years.


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