Monday, 7 January 2019

EUR/USD Technical Analysis: Choppy Range Belies Bearish Bias

The Euro has been mired in a choppy range below 1.15 against the US Dollar for nearly two months but overall positioning still points to a firmly bearish bias.


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Will EUR/CAD Short Be Triggered after Bearish Technical Signals?

A top trading opportunity of mine in 2019 is short EUR/CAD, I am looking to sell amidst technical bearish signs. If a rebound to 1.5276 occurs, optimal risk-reward would trigger a sell.


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USD/BRL Bearish Reversal Pattern on Edge of Confirmation

USD/BRL looks to be on the verge of completing a bearish Head and Shoulders reversal pattern. Waiting for a daily close below the neckline range to confirm downward momentum might be prudent.


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AUD/USD Dips on Trade Balance, Eyes Stocks and US-China Talks

AUD/USD declined on dismal trade balance data for November, but prices may rebound on an upbeat market mood and renewed US-China trade talks.


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Upbeat US China Trade Talk News May Extend Japanese Yen Selloff

Upbeat US China trade talk news boosted the S&P 500 amidst comments from Wilbur Ross. Anti-risk Japanese Yen weakened as AUD/USD prices pushed higher, more of the same may be ahead.


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AUD/USD 2019 Open Range Raises Risk for Larger Flash-Crash Rebound

The opening range for 2019 raises the risk for a larger rebound in AUD/USD as both price and the RSI break out of the bearish formations from December.


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Gold: Net Long Positions Continue to Decrease

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


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USDJPY: Traders Remain Net-Long

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


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GBPUSD: Traders Remain Net-Long

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 Sentiment Suggests a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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Bitcoin: Traders Remain Net-Long

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


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EUR/USD Net ShortTraders May Push Prices Higher

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


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Near-term Trade Setups in USD/CAD and AUD/USD

An update on near-term trade setups we've been tracking in USD/CAD and AUD/USD. These are the targets and invalidation levels that matter this week.


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S&P 500 Kisses Trend Line, USDJPY May Have Started Multi-Year Rally

Though SP 500 has rallied, it has merely reached the underside of a broken trend line. The spike low on USDJPY may initiate a multi-year rally.


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FX Week Ahead: FOMC Minutes, BOC Rate Decision, December US CPI

The first full week of 2019 sees a bit more activity on the calendar, although ‘gamechangers’ are few and far between.


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Gold Prices Pare Post-NFP Losses, RSI Clings to Bullish Formation

Gold prices may continue to catch a bid over the coming days as the Relative Strength Index (RSI) clings to the bullish formation carried over from November.


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Weekly Trade Levels for DXY, EUR/USD, AUD/USD, Gold, Crude & More

Webinar highlighting active setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter into the start of the year.


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Sterling (GBP) Week Ahead: Brexit Handcuffs Sterling | Webinar

Brexit returns to the headlines with PM May’s contentious Brexit bill heading for a vote in Parliament on Tuesday next week. And, as it stands, it is unlikely to pass.


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US ISM Services Index Misses Expectations in December

The December 2018 Non-Manufacturing PMI drops nearly 6 percent as growth in supplier deliveries, inventory buildup and order backlogs fades.


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US Dollar Threatens Two-Month Lows as EUR/USD Tests Key Resistance

The US Dollar is fast-approaching the two month low, but the big question for this week is whether US equity bulls can hold the line of higher-low support for continued recovery.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...