Jamie Saettele, CMT

Sr. Technical Strategist

Market sentiment, technical analysis, important levels, and Elliott wave.
Jamie Saettele is an active trader, Senior Technical Strategist at DailyFX in New York, and author of Sentiment in the Forex Market (Wiley Trading). His technical strategy focuses on sentiment indicators, Elliott Wave, and seasonality. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association.



Gold Back for More at Well-Defined 1130

USD/CAD-Watch for a Failed Rally

NZD/USD Tight Consolidation

COT-Big Increase in Net Long Position for Crude Oil Trend Followers

The net long position for large speculators (trend followers) in crude oil increased the most since May 2015. Large increases in the speculative net long position often give way to a period of conges...

USD/JPY-Don’t Forget about the 26 Year Trendline

Some perspective is in order regarding the USD/JPY rally this week. The 2015 high was right at the 1990-1998 line (log scale). The point here is that a broader topping formation remains possible.

DailyFX Technical Focus: Bear Trap for the Buck?

There are often several 'bear traps' before the big turn. This dip in the USDOLLAR index could be just that. Pay attention to the October-December trendline.

AUD/USD Former Support Line in Line with 55 Day Average

EUR/USD Triumvirate Resistance at 1.1060

Crude Rips into Trendline Confluence

USD/CHF Meanders around Important Horizontal Levels

USD/JPY Fools Around at Former Support

GBP/USD 1.44 is Really Important

USD/CAD-Watch Channel for Resistance Again

USDOLLAR 3+ Month Trendline Just Below Market

Gold Rejected on First 1130 Test

NZD/USD Trade is a Short Term Base

AUD/NZD Short Term Breakout

The next few days are key in determining whether or not this AUD/NZD breakout is 'real' but the next big level on the upside looks like 1.12 or so.

USD/CHF Overcomes Important 1.0120s; 1.0212/40 is Next Battle

EUR/USD Tightest 20 Day Range Since December 2014

Crude Oil; Bigger Reversal Prospects Get Interesting Above 33

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