Monday, 7 January 2019

Gold Price Chart Hints at Top Before FOMC Minutes, Powell Speech

Gold prices failed to sustain another foray to the upside yesterday, with the chart setup now warning that a top may be forming before critical event risk hits the wires.


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A Dollar Reversal Not Universally Staged and S&P 500’s Difficult Path

US equities have extended Friday’s tentative break back above a technically-loaded pivot point, but the fundamentals are unmistakably uneven. Meanwhile, the Dollar is on the cusp of a reversal without heavy winds to rely upon.


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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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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...