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Pivot: 1.032 Our preference: Long positions above 1.032 with targets @ 1.042 1.044 in extension. Alternative scenario: Below 1.032 look for further downside with 1.027 1.0235...
Gold–What a difference a week makes. Last week I effectively said Gold wasn’t worth trading, but this week it’s the biggest move of any major currency....
GBPUSD – What a reversal—in both price and positioning. Last week I highlighted that retail traders were their most short GBPUSD since December. Now they’re long,...
SPX500 –Clear retail sentiment extremes timed almost the exact top in the SP 500, and a further shift towards crowd buying leaves us in favor of...
EURUSD – Wow. I can’t remember the last time retail FX traders were so well-positioned for a massive market move. Traders were short EURUSD into yesterday’s...
AUDUSD – You can’t claim victories without admitting defeat—I couldn’t have been any more wrong as I called for a significant Australian Dollar bounce. Watch out...
Japanese Yen – Last week I highlighted extremely one-sided retail USDJPY positioning as a key reason for a bounce. Call it luck if you will, but...
The post-FOMC Dollar surge has left the Aussie, Yen, and Gold substantially lower. Our forex strategies have sold AUDUSD and bought USDJPY, whileGold may also see...
Pivot: 97.40 Our preference: SHORT positions below 97.4 with 95.35 94.4 in sight. Alternative scenario: The upside breakout of 97.4 will open the way to 98...
Want to add the Moving Average Dashboard to your charts? Download it free on FXCMApps.com. TREND IN FOCUS: EURAUD (D1) – Momentum behind the Euro has...