In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. The New Zealand Dollar is down more than 2% against the US Dollar this week after reversing just ahead of confluence resistance and it’s the moment of truth for Kiwi as […]

Hello world. Long time lurker here. Wanna give a huge tip to all newbies out there thats thinking about strategies. (like “Buy when price crosses above moving average 10” or whatever) ​ If you think you have a strategy (a set of rules) then theres no excuse not to backtest the rules! Lets say you […]

Dow Jones/S&P 500/Nasdaq 100 Outlook: Dow Jones consolidating (still has H&S potential) S&P 500 also acting constructively Nasdaq 100 – bonus macro-tech chart See how the quarterly forecast has played out so far and what it could mean in the big picture – Q2 Equity Markets Forecast. Dow Jones consolidating (still has H&S potential) The […]

The U.S. Dollar Index (DXY) is sitting on a significant threshold of support that could make or break the Dollar for the foreseeable future. AUDUSD remains a targeted pair for lower prices, chart could be setting up for a short soon. GBPUSD is trying to forge a bottoming pattern on long-term trend support, may set […]

EURUSD Price, Chart and Analysis: EURUSD battles with technical resistance as short positions are reduced. ECB President Mario Draghi speaks on Wednesday. Q2 2019 EUR Forecast and USD Top Trading Opportunities Keep up to date with all key economic data and event releases via the DailyFX Economic Calendar EURUSD continues to trade either side of […]

Crude Oil Technical Outlook: WTI crude oil weekly candlestick suggests turnaround Counter-trend rally may be all we get, bigger picture still in doubt Check out the DailyFX Trading Guides page for intermediate-term forecasts, educational content aimed all experience levels, and more. WTI crude oil weekly candlestick suggests turnaround Last week, oil found itself in an […]

Dow Jones/S&P 500 Outlook: See how the quarterly forecast has played out so far and what it could mean to end June in the Q2 Equity Markets Forecast. Dow Jones has head-and-shoulders potential The Dow Jones has seen some nice lift these past few sessions, bolstering it back above the 200-day MA. In the process […]