Thursday, August 27, 2015

DailyFX Technical Focus: 8/27/2015 (S&P 500)

DailyFX Technical Focus: 8/27/2015 (S&P 500)


DailyFX Technical Focus: 8/27/2015 (S&P 500)

Posted: 27 Aug 2015 02:07 PM PDT

The S&P 500 has rocketed higher from a very long term support line. This line has been in play since at least 1996. 2 days later, the index is testing (from below) the line that got the June 2013 and October 2014 lows.

EURJPY Rebound to Offer Short Entries Ahead of ECB- 137.50 Critical

Posted: 27 Aug 2015 01:44 PM PDT

The EURJPY reversal is now approaching key structural support with the short bias at risk near-term. Here are the updated targets & invalidation levels that matter.

Retest Looming in USD/JPY?

Posted: 27 Aug 2015 08:45 AM PDT

Retest Looming in USD/JPY?

US Dollar Once Again in Control versus British Pound, Gold Prices

Posted: 27 Aug 2015 07:50 AM PDT

The US Dollar looks likely to resume its uptrend versus the British Pound and Gold. Here are the factors we’re watching.

Gold Prices May Resume Downtrend

Posted: 27 Aug 2015 07:50 AM PDT

A meaningful shift in retail FX trader positioning in Gold Prices warns that the precious metal may continue lower through near-term trading.

Price & Time: Downside Retest Coming Up For USD/JPY?

Posted: 27 Aug 2015 07:50 AM PDT

USD/JPY back at breakdown point...

New Zealand Dollar Likely to hit Fresh Lows

Posted: 27 Aug 2015 07:45 AM PDT

Retail forex trading crowds remain aggressively long the New Zealand Dollar versus the US Dollar and have remained so since the NZD/USD traded below $0.7600 in May.

Australian Dollar Outlook Remains Bearish until this Changes

Posted: 27 Aug 2015 07:45 AM PDT

The majority of retail FX traders remain long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us firmly in favor of selling into AUD declines.

US Dollar Looks like a Sell versus Japanese Yen

Posted: 27 Aug 2015 07:45 AM PDT

Retail FX traders remain long the US Dollar versus the Japanese Yen, and a contrarian view of crowd sentiment leaves us mostly in favor of selling into USD/JPY declines.

British Pound Likely to Fall Further

Posted: 27 Aug 2015 07:45 AM PDT

Our retail FX trader data shows that the majority of traders remain long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment leaves us focused on further short-term weakness.

Euro Forecast was Accurate Last Week, but now what?

Posted: 27 Aug 2015 07:45 AM PDT

Retail FX traders were recently the most net-short the Euro versus the US Dollar since it traded to $1.40 through May, 2014, and a contrarian view of crowd sentiment kept us steadily bullish the EUR/USD.

FX Reversals: EURUSD Moves to Support on News

Posted: 27 Aug 2015 07:08 AM PDT

The EURUSD has opened lower on better than expected GDP data. As price moves on support, learn today’s trading values with the Chart of the Day.

Chinese Intervention Helps to Bring Back Risk-On

Posted: 27 Aug 2015 05:10 AM PDT

Global Markets have taken a step back from the ledge, but for how long might this last?

USDJPY Retraces to Resistance

Posted: 27 Aug 2015 04:30 AM PDT

The USDJPY has retraced off of the monthly lows at 116.08. This bounce in price can provide traders an opportunity to rejoin the trend.

EUR/USD August Rally to Erode Further on Upbeat 2Q US GDP

Posted: 27 Aug 2015 01:00 AM PDT

The near-term advance in EUR/USD may continue to unravel should the preliminary 2Q U.S. GDP report highlight a stronger recovery & boost interest rate expectations.

US Dollar May Rise as Sentiment Sours Anew on Revised 2Q GDP Data

Posted: 26 Aug 2015 11:34 PM PDT

The US Dollar may rise while risk appetite sours anew if an upside revision to second-quarter US GDP figures rekindles 2015 Fed rate hike speculation.

GBP/USD Technical Analysis: Short Trade Triggered at 1.55

Posted: 26 Aug 2015 10:56 PM PDT

Oil and Copper Rally with Stocks. Gold Subdued before Jackson Hole

Posted: 26 Aug 2015 10:21 PM PDT

Oil, Copper are rising toward this week’s highs following equity rallies in US and Asia. Gold is subdued before a central bankers’ summit.

Australian Dollar Gains as Capex Data Boosts RBA Policy Bets

Posted: 26 Aug 2015 09:38 PM PDT

The Australian Dollar rose as guidance in the second-quarter capex report offered support to RBA monetary policy expectations.

EUR/GBP Technical Analysis: Short Trade Setup Sought

Posted: 26 Aug 2015 09:09 PM PDT

EUR/JPY Technical Analysis: Down Trend May Be Resuming

Posted: 26 Aug 2015 08:56 PM PDT

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