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  1. GBP/USD: Bearish Breakdown

    by , 08-20-2018 at 09:03 AM
    GBPUSD: Retail trader data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40482; price has moved 9.4% lower since then. The number of traders net-long is 4.5% lower than yesterday and 7.3% lower from last week, while the number of traders net-short is 1.6% lower than yesterday and 9.7% higher from last week.

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    We typically ...
  2. Nikkei 225 Technical Analysis: Ranging

    by , 08-09-2018 at 03:34 PM
    The Nikkei 225ís daily chart points to a touch of technical stasis, of the sort now quite common across the equity market space. The Tokyo stock benchmark has settled into a broad range since late July at what- by recent standards- are quite elevated levels. While bulls can if they like take some comfort that the market is clearly in no hurry to take cash off the table, there is clearly little impetus to push on towards recent highs, which remain just out of reach.

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  3. Nikkei 225 Technical Analysis: Ranging Near Bearish Reversal

    by , 07-26-2018 at 04:07 PM
    In the bigger scheme of things, the Nikkei 225 remains in an uptrend when looking at the chart below. You can see it is being supported by a rising trend line dating back to June 2016. However, its progress in 2018 so far has been rather shaky. Thus far, it has been oscillating in a range between 24,180 and 20,278. For it to make its leg move higher, it does face some obstacles ahead.

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    Zooming in on the daily chart shows that the index ...
  4. GBP/USD: Weekly Bearish Reversal

    by , 07-24-2018 at 10:20 AM
    The latter-portion of last week saw a strong bounce develop in GBP/USD, and this came after the pair tested below a key psychological level for the first time since last September. As we wrote earlier during the week, the down-trend in the British Pound was very much in-focus as we approached a read of inflation out of the UK for the month of June. Markets were looking for inflation to perk-up to 2.6% after two consecutive months at 2.4%, but the actual print gave us a third straight month at 2.4% ...
  5. GBP/JPY: daily ranging near bullish reversal

    by , 07-21-2018 at 02:50 PM
    GBP/JPY Reverses After Earlier-Quarter Breakout

    It's been a big start to the second half of the year for the Japanese Yen. After opening into Q3, Yen weakness showed against a number of currencies, the British Pound included - and this helped GBP/JPY to make another approach at the 150.00 level. But, just as we saw in early-June, resistance came-in on the underside of the 2017 bullish trend-line, and prices promptly reversed. GBP/JPY has dropped every day of this week Monday thru ...
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