DailyFX - Technical Articles

USD/JPY Takes Biggest Plunge in Three Years After Nikkei Bubble Bursts

Christopher Vecchio, Currency Analyst — Thu, 23 May 2013 11:14:00 GMT

Despite a decline of more than -7%, Japanese policymakers insist that stocks aren’t in a bubble.

Dollar, S&P 500 May Struggle to Find Upward Follow-Through

Ilya Spivak, Currency Strategist — Thu, 23 May 2013 04:12:00 GMT

The US Dollar and the S&P 500 may struggle to find meaningful upward follow-through having set year-to-date highs over the past 24 hours.

Are You Watching This Major Warning Sign For S&P 500 Top?

David Rodriguez, Quantitative Strategist — Wed, 22 May 2013 22:15:00 GMT

The Australian Dollar (ticker: FXA) has tumbled despite record-highs in the S&P 500 (ticker: SPY). Is the Aussie currency the canary in the coal mine, and does it point to a big S&P pullback?

Price & Time: Is EUR/GBP Breakout Real?

Kristian Kerr, Sr. Currency Strategist — Wed, 22 May 2013 11:59:00 GMT

Instruments covered today: USD/CHF, NZD/USD, GOLD & EUR/GBP

Euro Leads as SNB’s Negative Rate Talk Sinks Franc; USD Up Before Bernanke

Christopher Vecchio, Currency Analyst — Wed, 22 May 2013 11:12:00 GMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has reversed yesterday’s late losses, and now is hovering near its yearly highs ahead of several key Fed-centric events.

US Dollar at Risk Before Bernanke Testimony, FOMC Minutes

Ilya Spivak, Currency Strategist — Wed, 22 May 2013 09:48:00 GMT

US Dollar technical positioning warns a turn lower may be ahead, with testimony from Ben Bernanke and May’s FOMC minutes lining up as possible triggers.

COT Warns of Lows in Metals and at Least an AUD Bounce

Jamie Saettele, CMT, Sr. Technical Strategist — Tue, 21 May 2013 18:41:00 GMT

COT positioning in the metals is at levels consistent with lows. Speculators have flipped to short in AUD, which in recent years has signaled at least a multi week bounce.

Is the Australian Dollar the Canary in the Coal Mine for the S&P 500?

David Rodriguez, Quantitative Strategist — Tue, 21 May 2013 16:15:00 GMT

The Australian Dollar has tumbled despite record-highs in the S&P 500. Is the Aussie currency the canary in the coal mine, and does it point to a big S&P pullback?

Price & Time: The Unfolding Cycle in the Euro

Kristian Kerr, Sr. Currency Strategist — Tue, 21 May 2013 12:02:00 GMT

Instruments covered today: USD/JPY, AUD/USD, GBP/USD & EUR/USD

USD/JPY Erases Losses as Amari Retracts Yen Comments; GBP Weakest

Christopher Vecchio, Currency Analyst — Tue, 21 May 2013 11:02:00 GMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has erased nearly all of its losses yesterday, on the back of a weaker British Pound and Japanese Yen.

US Dollar Chart Setup Hints Deeper Losses May Be Ahead

Ilya Spivak, Currency Strategist — Tue, 21 May 2013 03:16:00 GMT

US Dollar technical positioning hints a larger correction lower may be ahead while the S&P 500 appears poised to continue pushing upward.

Price & Time: Breakdown or Reversal in Gold Coming Up?

Kristian Kerr, Sr. Currency Strategist — Mon, 20 May 2013 11:49:00 GMT

Instruments covered today: EUR/USD, USD/CAD, EUR/GBP & GOLD

First Down Day for US Dollar Since Day Before USD/JPY Broke ¥100.00

Christopher Vecchio, Currency Analyst — Mon, 20 May 2013 11:05:00 GMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is working on an Inside Day today, also the first down day the index has seen since May 8.

How to Trade Fast Moving US Dollar Pairs Next Week

Jamie Saettele, CMT, Sr. Technical Strategist — Fri, 17 May 2013 19:59:00 GMT

Recent moves have been wondrous. Next week’s trading may require more skill however. Well-constructed channel lines can help one enter trades in fast moving, impulsive markets. Focus is on setups in AUDUSD, NZDUSD, and USDCHF.

Price & Time: In Search of the Next Cyclical Stopping Point in USD/JPY

Kristian Kerr, Sr. Currency Strategist — Fri, 17 May 2013 11:48:00 GMT

Instruments covered today: USD/JPY, GBP/USD & NZD/USD

US Dollar Consolidates with Inside Days against Euro, Sterling, and Yen

Christopher Vecchio, Currency Analyst — Fri, 17 May 2013 11:35:00 GMT

Meanwhile, the fourth component of the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR), the Australian Dollar, continued its slide.

Price & Time: USD/CHF Correction?

Kristian Kerr, Sr. Currency Strategist — Thu, 16 May 2013 12:02:00 GMT

Instruments covered today: EUR/USD, AUD/USD, EUR/GBP & USD/CHF

AUD/USD Cracks Major Uptrend; Yen Weakens Despite Strong 1Q’13 GDP

Christopher Vecchio, Currency Analyst — Thu, 16 May 2013 11:27:00 GMT

The AUDUSD fell below $0.9800 for the first time since June 2012, while its weekly RSI hit its lowest level since the height of the global financial crisis.

Price & Time: Sentiment Extremes in the Yen

Kristian Kerr, Sr. Currency Strategist — Wed, 15 May 2013 11:57:00 GMT

Instruments covered today: USD/CHF, NZD/USD. USD/CAD & EUR/JPY

Resilient US Dollar Sends Aussie, Euro, Franc, and Yen to Fresh Lows

Christopher Vecchio, Currency Analyst — Wed, 15 May 2013 11:27:00 GMT

The US Dollar surged continued overnight, thanks in part to more bad news out of Europe.

Why is the Australian Dollar Falling and Why Might it Fall Further?

David Rodriguez, Quantitative Strategist — Tue, 14 May 2013 15:00:00 GMT

The Australian Dollar has fallen to 11-month lows despite record-highs in the S&P 500. Why has it fallen and—more importantly—why do we think it could fall further?

Aussie Plunge Continues After Budget Release; EUR/USD Loses $1.3000

Christopher Vecchio, Currency Analyst — Tue, 14 May 2013 12:35:00 GMT

In light of today’s performance, the US Dollar is the top performing major currency this year.

Price & Time: Right Shoulder in the Euro?

Kristian Kerr, Sr. Currency Strategist — Tue, 14 May 2013 11:53:00 GMT

Instruments covered today: USD/JPY, AUD/USD, GOLD & EUR/USD

US Dollar Finds Resistance, S&P 500 Continues to Tread Water

Ilya Spivak, Currency Strategist — Tue, 14 May 2013 02:27:00 GMT

The US Dollar found interim resistance having touched the highest level in nearly three years while the S&P 500 continues to consolidate.

Swiss Franc Trend Long Term Signal from COT

Jamie Saettele, CMT, Sr. Technical Strategist — Mon, 13 May 2013 16:22:00 GMT

Swiss Franc weakness the week after speculators flipped to net short argues for stronger trend development towards CHF weakness (USD/CHF strength).