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Tag Archives: forex reccomendations

Technical Analysis: ASX 200 Loses Its Grip On Key Support

Talking Points: The ASX 200 has slipped below a support line which has been important since late February This doesn’t have to be bad news But a recovery needs to come soon Give your ASX trading strategy a tune-up with the DailyFX guide My last technical peep at the ASX 200 was an attempt to draw your attention to the curious importance of February 28, 2017. There was nothing immediately special about the low printed on that day, around 5675.30, beyond the fact ...

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British Pound May Hold Gains versus Dollar

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. GBPUSD: Retail trader data shows 41.2% of traders are net-long with the ratio of traders short to long at 1.43 to 1. In fact, traders have remained net-short since Apr 12 when GBPUSD traded near 1.24364; price has moved 4.0% higher since then. The number...

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Euro Forecast to Remain Strong versus the US Dollar

EURUSD: Retail trader data shows 29.2% of traders are net-long with the ratio of traders short to long at 2.43 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.06045; price has moved 6.1% higher since then. The number of traders net-long is 20.8% higher than yesterday and 0.4% higher from last week, while the number of traders net-short is 1.7% lower than yesterday and 1.4% higher from last week. We typically take...

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ASX 200 Technical Analysis: February Lows Loom Larger

Talking Points: February 28’s ASX lows weren’t hugely significant at the time But they’ve become more so since Indeed, they are now a key area which bulls must defend Would you like live coverage of the major events which move the Nikkei 225? Try the DailyFX webinars Tuesday, February 28, 2017 did not go down as a banner day for the ASX 200 at the time. No record high was made, no record low posted. Volume was...

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GBP/JPY Technical Analysis: ¥141.50 Plays, Now What?

To receive James Stanley’s Analysis directly via email, please sign up here. Talking Points: GBP/JPY Technical Strategy: Long-term mixed, intermediate-term: bearish, short-term: bearish. GBP/JPY has continued the bearish move that started two weeks ago and hastened last week. If you’re looking for trading ideas, check out our Trading Guides. If you’re looking for shorter-term ideas, check out our IG Client ...

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EUR/JPY Technical Analysis: From Failure High to Bearish Swing

To receive James Stanley’s Analysis directly via email, please sign up here. Talking Points: EUR/JPY Technical Strategy: Long-term bullish, intermediate-term: mixed, short-term: bearish. EUR/JPY put in an impressive bounce off of last week’s lows; but sellers have shown up ahead of the prior swing-high. If you’re looking for trading ideas, check out our Trading Guides. If you’re looking for shorter-term ideas, check out our IG Client Sentiment. In our last ...

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US Dollar Likely to Continue Lower versus Japanese Yen

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. USDJPY: Retail trader data shows 61.0% of traders are net-long with the ratio of traders long to short at 1.56 to 1. In fact, traders have remained net-long since May 17 when USDJPY traded near 112.807; price has moved 1.6% lower since then. The number ...

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British Pound Forecast May Change on Trader Sentiment

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. GBPUSD: Retail trader data shows 42.2% of traders are net-long with the ratio of traders short to long at 1.37 to 1. In fact, traders have remained net-short since Apr 12 when GBPUSD traded near 1.24853; price has moved 3.1% higher since then. The number of traders net-long is 5.6% lower than yesterday and 10.2% higher from...

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Gold Price Rally Likely to Continue until this Changes

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. Spot Gold: Retail trader data shows 77.5% of traders are net-long with the ratio of traders long to short at 3.44 to 1. The number of traders net-long is 4.9% lower than yesterday and 18.4% lower from last week, while the number of traders net-short is 3.8% lower than yesterday and 33.1...

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S&P 500 and Dow Jones Flash Warning Signs

Major global equity indices continue to trade at or near fresh record peaks, and yet our IG Client Sentiment Index shows the majority of retail speculators continue selling into recent rallies. We have used this as clear contrarian signal that equity markets may continue onto further records. The critical question moving forward is nonetheless clear—does current sentiment warn of extremes and imminent reversal? The short answer is ...

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