Tuesday, July 12, 2016

DailyFX Technica Focus: Gold Price Could Slip

DailyFX Technica Focus: Gold Price Could Slip

DailyFX Technica Focus: Gold Price Could Slip

Posted: 12 Jul 2016 06:51 PM PDT

Gold followed through on Monday's reversal from the 2011-2012 trendline. The yellow metal is vulnerable while below recent highs with focus on 1307 and 1270.

S&P500 Pulls Yen Crosses Higher, Late Ambition but Same Conviction

Posted: 12 Jul 2016 06:18 PM PDT

Risk trends continue to carry the fundamental headlines. US equity indexes posted another record high (on an intraday and close basis) and they drug other sentiment-sensitive assets with them.

Video: Identifying the Drive Behind EUR/USD, USD/JPY, GBP/USD

Posted: 12 Jul 2016 05:58 PM PDT

Depending on what Dollar-based major pair you were looking at this past session, your assessment of the Greenback's performance could have been dramatically different.

USDOLLAR 200 Day Average Acting as a Ceiling

Posted: 12 Jul 2016 12:51 PM PDT

Crude Rallies off of Channel Support

Posted: 12 Jul 2016 12:51 PM PDT

Gold Price Failing at 2011-2012 Trendline

Posted: 12 Jul 2016 12:51 PM PDT

USD/CHF Channel Breakout

Posted: 12 Jul 2016 12:51 PM PDT

USD/CAD Triangle Breakout Failure

Posted: 12 Jul 2016 12:51 PM PDT

USD/JPY – Pay Attention to 105.40s

Posted: 12 Jul 2016 12:51 PM PDT

NZD/USD .7460s Now of Interest

Posted: 12 Jul 2016 12:51 PM PDT

AUD/USD Nears Pre-Rate Cut High above .7700

Posted: 12 Jul 2016 12:51 PM PDT

GBP/USD Squeezes off of Long Term Support

Posted: 12 Jul 2016 12:51 PM PDT

EUR/USD Hanging on a Flat 200 Day Average

Posted: 12 Jul 2016 12:51 PM PDT

NZD/CAD Trading Around importance Price Level

Posted: 12 Jul 2016 12:50 PM PDT

NZD/CAD Fails To Break Previous Week High Level, RSI Starts To Show Momentum Loss To The Upside. Support And Resistance Trend Lines Mark Importance Zone Level For NZD/CAD.

USD/CAD On the Defensive Ahead of BoC

Posted: 12 Jul 2016 11:45 AM PDT

The recent reversal in the pair is approaching near-term support ahead of tomorrow’s rate decision. Here are the updated targets & invalidation levels that matter.

Webinar: Yen Price Action and the Prospect of Fresh Trends

Posted: 12 Jul 2016 11:41 AM PDT

The Japanese Yen continues to run lower on the prospect of more stimulus coming out of Japan. But given this recent two-day burst of weakness, how can a trader look to jump in the trend without chasing too aggressively?

Theresa May: New British PM

Posted: 12 Jul 2016 11:00 AM PDT

Theresa May is officially in line to become the next Prime Minister of the UK on Wednesday, July 13, 2016, after fellow Tory Andrea Leadsom announced she was taking her horse out of the running and David Cameron announced his immediate departure.

Huge Changes Ahead - Here’s What We’re Watching

Posted: 12 Jul 2016 09:55 AM PDT

Extremely one-sided sentiment warns of major turnarounds in the British Pound, Japanese Yen, and US S&P 500. But we need to see these key changes to switch direction in these major assets.

US Stocks Remain a Buy until this Changes

Posted: 12 Jul 2016 09:50 AM PDT

Retail CFD traders recently hit a record net-short position in the SPX500, which tracks the fair value of the US S&P 500, and a contrarian view of crowd sentiment warns further gains remain likely.

Australian Dollar Likely to Hit Fresh Highs

Posted: 12 Jul 2016 09:50 AM PDT

Retail forex traders have sold aggressively into Australian Dollar gains versus the US Dollar, and a contrarian view of ‘crowd’ sentiment warns that the AUD/USD exchange rate may continue higher. Indeed, our data shows that traders are now at their most net-short the Aussie Dollar since the pair traded into yearly highs near the $0.7800 mark in April.

Gold Prices Could Continue Higher Despite Warning Sign

Posted: 12 Jul 2016 09:50 AM PDT

Retail FX traders have mostly sold into recent Gold Price gains versus the US Dollar, and yet the most recent shift in positions shows that traders are now net-long for the first time since the precious metal set a near-term low of $1310 at the start of the month.

Japanese Yen Could Fall even Further

Posted: 12 Jul 2016 09:50 AM PDT

British Pound Likely to Head Higher before it Drops

Posted: 12 Jul 2016 09:50 AM PDT

Retail FX traders remain long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment warns the GBP/USD may continue lower.

Euro Remains Weak, but Sentiment Warns this may not Last

Posted: 12 Jul 2016 09:50 AM PDT

Retail FX traders remain short the Euro versus the US Dollar, and a contrarian view of crowd sentiment suggests the EUR/USD may continue higher.

NZD/JPY Approaching Brexit High- Constructive Above 74.27

Posted: 12 Jul 2016 09:49 AM PDT

NZD/JPY rebounded off key confluence support last month with the rally now eyeing the June high. Here are the updated targets & invalidation levels that matter.
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