Technical Analysis

USD/CHF Forex Signal – 23 January 2019

USD/CHF Forex Signal - 23 January 2019

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Last Monday’s signals were not triggered as there was no bearish price action at 0.9961. Today’s USD/CHF Signals Risk 0.75%. Trades must be entered between 8am and 5pm London time today only. Short Trades Short entry following a bearish price action reversal upon the next touch of 1.0008 or 1.0035 or 1.0046. Place the stop…
EUR/USD Forex Signal – 23 January 2019

EUR/USD Forex Signal - 23 January 2019

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Last Monday’s signals were not triggered, as none of the key levels were ever reached. Today’s EUR/USD Signals Risk 0.75%. Trades must be taken between 8am and 5pm London time today only. Short Trades Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1387, 1.1425,…
GBP/USD Forex Signal – 23 January 2019

GBP/USD Forex Signal - 23 January 2019

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Last Monday’s signals were not triggered as there was no bearish price action at 1.2930. Today’s GBP/USD Signals Risk 0.75% per trade. Trades may only be taken between 8am and 5pm London time today. Short Trades Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of…
EUR/USD and GBP/USD Forecast – 23 January 2019

EUR/USD and GBP/USD Forecast - 23 January 2019

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EUR/USD The Euro initially fell during the trading session on Tuesday but found enough support underneath at the trend line that I have drawn on the chart to turn things around and form a bit of a hammer. This shows that there is in fact support near the 1.13 level, and at this point I…
Bitcoin Daily Forecast – 23 January 2019

Bitcoin Daily Forecast - 23 January 2019

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BTC/USD The bitcoin market pulled back initially during trading on Tuesday but has found support underneath the psychologically figure of $3500. By turning around and forming a bit of a hammer, this is a somewhat solid sign of buying pressure underneath, but we still have the shooting star from the Monday session, and of course…
WTI Crude Oil and Natural Gas Forecast – 23 January 2019

WTI Crude Oil and Natural Gas Forecast - 23 January 2019

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WTI Crude Oil The WTI Crude Oil market pulled back during trading on Tuesday, reaching towards the 20 day EMA. However, later in the day we saw buyers come back into this market and it looks as if we are trying to find a bit of support so that we can turn around and break…
USD/JPY and AUD/USD Forecast – 23 January 2019

USD/JPY and AUD/USD Forecast - 23 January 2019

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USD/JPY The US dollar pulled back against the Japanese yen during the trading session on Tuesday, reaching towards the ¥109 level. We did find support there and bounced about 40 pips towards the end of the session. Nonetheless, the 61.8% Fibonacci retracement level is sitting just above at the ¥110 level, or just slightly above…
S&P 500 and Nasdaq Forecast – 23 January 2019

S&P 500 and Nasdaq Forecast - 23 January 2019

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S&P 500 The S&P 500 fell hard during the trading session on Tuesday as Americans came back to work. It looks as if we are trying to figure out whether or not we have legs for the next run higher. The 2600 level underneath seems to be supportive, and it should be noted that the…
Gold Markets Pull Back to Find Buyers – 23 January 2019

Gold Markets Pull Back to Find Buyers - 23 January 2019

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Gold markets fell initially during the day on Tuesday but then turned around to pop back over the $1280 level. This is a very strong sign, and I think at this point it’s likely that the 20 day EMA continues offer support. I believe that the market may go looking towards the top of the…
Stocks recover off lows at close but still down a chunk on the day

Stocks recover off lows at close but still down a chunk on the day

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Dow was down -462 points at the lows. Closes down -301 points. The major US stock indices are ending the session with steep declines, but it could have been worse.  Had the session lows the DowJones industrial average was down -462 points. It is ending down -301.  A denial by White House economic adviser Larry…

ANALYST PICKS

EUR/USD Bullish Above 11450

EUR/USD Bullish Above 11450

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Check out the intermediate-term fundamental and technical outlook in the Q1 EURO Forecast. EUR/USD volatility set to expand as breakout unfolds The other day I discussed the pent-up pressure in long-term Euro volatility and how coupled with short-term volatility conditions it creates an explosive situation. Running with yesterday’s breakout into the mid-11500s we should see…
Bullish DXY on Opportunistic Drop as Potential Trade War Truce Nears

Bullish DXY on Opportunistic Drop as Potential Trade War Truce Nears

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The BIG Idea: When looking to the interest rate futures market, there is an expected cut by the Federal Reserve in the US reserve rate from June 2019-June 2020. When looking to the Federal Reserve’s expectations (aka educated guesses), they are looking to two cuts, which would likely be firmed on a Trade War ‘truce’…
EUR/USD Breaks Out as Fed Officials Endorse Wait-and-See Policy

EUR/USD Breaks Out as Fed Officials Endorse Wait-and-See Policy

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EUR/USD finally clears the November-high (1.1500) as a growing number of Federal Reserve officials show a greater willingness to adopt a wait-and-see approach, and the exchange rate may stage a larger correction over the coming days as it breaks out of the range-bound price action from late-2018. The Federal Open Market Committee (FOMC) Minutes suggest…
USDCAD: Long Greenback – Short Loonie

USDCAD: Long Greenback - Short Loonie

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Long USDCAD – 1.3190 Stop Loss – 1.3100 Target 1 (50%) – 1.3330 Target 2 (50%) – 1.3390 The Brand New DailyFX Q12019 USDand CAD Forecasts arenow available to download. USDCAD Oversold and Looking for a Short-Term Bounce We look to go long USDCAD for a quick trade with a time frame of one day…