Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.
$SPX high was set a few days into 2022
since then, price has built into one large wedge.
now testing wedge resistance right around 4100, same spot that set support in Feb just as bears were starting to take control
next res up 4155, 50% marker
support 4050, 4k $ES https://t.co/0fJbzj3DQF https://t.co/SSryPAEDM8
$USD just posted its largest monthly loss in over a decade (since Sept. 2010)
$DXY was off by -5.06% in November
200 dma came in to help set the monthly low, first interaction there for the US dollar since June of 2021 just as the up-trend was getting started https://t.co/fzZT5BDiwf
$SPX from support to res in just a few hours
$ES working on first daily close above > the 200 dma since early April
next resistance at the trend line + prior swing low ~4100
also marks res for a longer-term falling wedge formation - massive spot
PCE tomorrow, #NFP on Fri https://t.co/dgyvFltfjb https://t.co/cYoNU8lFkV
$SPX ahead of Powell
there's a shelf of short-term support sitting above a spot of longer-term support, am tracking that from around 3915
Resistance somewhat similar, recent highs at 4050, longer-term resistance 4100 $ES https://t.co/Zcpr6hCS3S https://t.co/6WyUpC8gGT
$GBPUSD rising wedge break, now down to fresh lows
cable had short-term reversal off of the 1.2000 big fig this morning, now sellers trying to re-take control
next significant support on my chart at 1760, maybe something along the way around 1855 https://t.co/z34SMjZ26J https://t.co/u2bTS6UfhA
137.61 is the 38.2 of the Feb-Oct major move
came into play a couple weeks ago and held the low, back in on Monday
break of 139.60 opens door for a 140 re-test
140.29 after that, daily close above signals bulls regaining control https://t.co/BSkdlpwL7A
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
FX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.
FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 19 North Sangamon Street, Chicago, IL 60607. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365)