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Daily Forex Signals

Daily forex signals

Japanese Yen Technical Analysis: USDJPY Prepares, But For What

Talking Points: USD/JPY’s rally has faltered at an interesting spot Current levels have presaged collapse twice in 2017 However, the Dollar is holding up rather better so far New to the Japanese Yen trading world? Our beginners’ guide is all yours On a fundamental level the Japanese Yen should probably be in a little more trouble against the US Dollar than it is. The Bank of Japan is committed to “powerful monetary easing” in the oft-spoken words of its...

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Key Shift in Sentiment May Pull Australian Dollar Lower

AUDUSD: Retail trader data shows 59.5% of traders are net-long with the ratio of traders long to short at 1.47 to 1. The percentage of traders net-long is now its highest since Apr 17 when AUDUSD traded near 0.75858. The number of traders net-long is 2.9% higher than yesterday and 11.1% higher from last week, while the number of traders net-short is 14.8% lower than yesterday and 22.7% lower ...

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Will the S&P 500 Keep Hanging Tough, or Join the DAX & Nikkei Lower?

Talking Points: Risk-off hits Asian and European shares, U.S. stocks remain largely intact SP 500 still vulnerable, Dow has bearish pattern potential; hold out on selling much longer and picture begins to turn constructive DAX Nikkei need to hold here or more selling likely to set in Check out the DailyFX Forecast to see how we anticipate markets to end 2017. SP 500 The calendar for next week is relatively light, with the only ‘high’ impact ...

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Gold: The Battle Between the Bulls and the Bears Continues

Talking Points: A breakout from the recent $1,265 – $1,290 range is becoming increasingly likely. Higher US Treasury yields, ahead of a December rate hike, are weighing on the precious metal. Political upheaval and a growing risk-off theme may give gold bulls the upper hand. Fundamental Forecast for Gold: Neutral Gold remains stuck in a narrow trading range with neither the bulls nor the bears giving an inch, while both sides press for ...

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S&P 500 Goes Into the Weekend With Mixed Trading Bias

US 500: Retail trader data shows 25.0% of traders are net-long with the ratio of traders short to long at 3.0 to 1. The number of traders net-long is 2.1% higher than yesterday and 6.4% higher from last week, while the number of traders net-short is 2.8% higher than yesterday and 4.4% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are...

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Despite US Dollar Woes, AUD/USD & NZD/USD Begin Next Legs Lower

Talking Points: – The DXY Index found support again near the October 26 bullish outside engulfing bar low at 93.48. – Two places the US Dollar hasn’t been struggling?: AUD/USD and NZD/USD. – Retail trader sentiment now points to a greater likelihood of further US Dollar losses against the Euro and the Yen; gains possible against the commodity bloc. Upcoming Webinars for Week of November 19 to 24, 2017 Monday at 7:30 EST...

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Pound May Trade Higher Based on Bullish Trading Bias

GBPUSD: Retail trader data shows 49.6% of traders are net-long with the ratio of traders short to long at 1.02 to 1. The percentage of traders net-long is now its lowest since Nov 01 when GBPUSD traded near 1.32549. The number of traders net-long is 0.9% lower than yesterday and 15.6% lower from last week, while the number of traders net-short is 10.0% higher than yesterday and 18.2% higher from last week. We typically take a contrarian ...

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GBP/USD Consolidation Breakout Imminent

To receive Michael’s analysis directly via email, please SIGN UP HERE Sterling sets monthly opening range above key support- Focus range is 1.3063–1.3221 Check out our 4Q GBPUSD projections in our Free DailyFX Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT GBP/USD Daily Chart Technical Outlook: The British Pound has continued to trade just above slope support extending off the March low. We’ve been tracking this key support barrier in ...

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