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  1. US Dollar Index (DXY) Forecast: Daily Bullish Breakout

    by , Today at 02:27 PM
    The US Dollar tends to be driven by relative economic growth. As the global reserve currency, when the rest of the world is strengthening, often at a faster pace than the US Economy, it is common for bonds to be issued in US Dollars and then converted to invest abroad driving the US Dollar lower. Another way to see this phenomenon in action is to look at junk bond yields. A falling yield in the US Junk Bond index tends to show a force behind US Dollar weakness whereas rising junk yields tend to ...
  2. EUR/USD Technical Analysis: Daily Bearish Breakdown

    by , Yesterday at 10:08 AM
    The Euro recoiled from two-month trend line resistance against the US Dollar but sellers are still unable to punch through long-standing congestion area support. The symmetric Triangle setup noted last week seems to be invalidated however, marking a small but noteworthy bearish update of near-term positioning.

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    From here, a daily close below the 1.2154-73 area (March 1 low, 38.2% Fibonacci expansion) exposes the 1.2055-70 zone (50% level, ...
  3. EUR/USD Weekly Technical Outlook

    by , 04-22-2018 at 02:55 PM
    The EUR/USD range is certainly testing tradersí patience, but those who remain disciplined and keep their powder dry are likely to be presented with a momentum-move relatively soon. Ranges donít last forever. This is one of the tightest in the euroís existence and getting tighter as price is wedging up into a triangle. A resolution is closing in.
    This coming week we have the ECB on Thursday, but there isnít any grand expectation for it to be a market-moving event. However, as per usual, expect ...
  4. USD/JPY Forecast: ranging along Senkou Span

    by , 04-17-2018 at 10:10 AM
    The broader bearish view would resume on a break below the April opening range low at 105.65 that aligns closely with the daily Tenkan-Sen (26-day midpoint) at 106.06 as key support. Should the price close below these levels, it would be difficult to argue that the trend is not continuing lower and could soon press towards the long-term Fibonacci target of 104.20.

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    We typically take a contrarian view to crowd sentiment, and the fact traders ...
  5. Bitcoin May Reverse Higher Despite Sentiment

    by , 04-13-2018 at 09:35 AM
    Bitcoin: Retail trader data shows 72.0% of traders are net-long with the ratio of traders long to short at 2.57 to 1. The number of traders net-long is 5.3% lower than yesterday and 4.0% lower from last week, while the number of traders net-short is 4.9% higher than yesterday and 7.4% higher from last week.

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    We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to ...
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