Jeremy Wagner, CEWA-M

Head Forex Trading Instructor

Expertise:
Swing trading, chart patterns, breakouts, and Elliott wave
Jeremy is an active trader and Head of DailyFX Education. He began trading in 1998 with stocks and options, then converted into forex trading. He currently specializes in forex using technical analysis and namely chart pattern set ups. He writes forex training and analysis articles for DailyFX.com. Mr. Wagner has presented forex training on 3 continents from beginner to advanced strategies. He has been heard on radio broadcasts and television including Sky News Business TV and CNBC. He holds the Certified Elliott Wave Analyst Master (CEWA-M) designation from Elliott Wave International.

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Dow Jones Industrial Average Struggles to Add to All Time Highs

For the past month, DJIA has traded in a fairly tight range between 18,250 and 18,665. The Fed rate hike expectations linger near 51% for December 2016.

Complacency Enters Into Dow Jones Industrial Average

The inability of DJIA to punch meaningfully higher when the expectations for future rate hikes are slowly lessening hints that a sell off may be bubbling below the surface.

Gold Prices Grind Sideways in a Triangle

Gold prices have been consolidating in sideways fashion for the past month. Trend line and horizontal support appear near $1311-1320.

GBP/NZD Tries a 3 Year Double Bottom

Yesterday’s low of 1.7734 came within pips of the July 11 low of 1.7714 and appears to be forming a double bottom price pattern. Looking to position long on a resistance trend line break.

EUR/USD Jumps to Trend Line Resistance After Weak Retail Sales

EUR/USD has popped higher on today’s weaker than expected retail sales release. EUR/USD jumped to trend line resistance near 1.1240.

Dow Jones Industrial Average Stuck in a Range

Volatility in DJIA continues near 17 month lows suggesting sideways to lower trade in the near term. Looking to buy dips so long as we are above 17,800.

AUD/USD Reaches Highest Price Level in 3 Months

AUD/USD has spurted higher reaching the highest price level seen in the past 3 months. The current price juncture is important as the pair tests a 5 year trend line.

Dow Jones Industrial Average Volatility Drops to 17 Month Lows

Volatility in Dow Jones Industrial Average as measured through ATR is at its lowest level since March 2015. Previous periods of low volatility often led to dips in prices.

Dow Jones Industrial Average Consolidates Near All Time Highs

Dow Jones Industrial Average did increase but only marginally finishing last week up less than 1%. The market continues to consolidate near its all time highs.

AUD/USD Technical Analysis: Hanging Below a 5 Year Trend Line

The sprint higher in AUD/USD today gives it an impulsive look and may be the last gasp prior to a sell-off. The key level to the topside is .7678.

EUR/USD Technical Analysis: Will the Range Bound Conditions Break?

After today's weak US GDP reading, EUR/USD has popped into 1.1166-1.1188 resistance zone. Volume is muted while sentiment is growing suggesting the potential for a surprise move.

USD/SEK Threatens Break of 15 Month Bullish Flag Pattern

We have a bullish flag pattern that has been taking shape over the past 15 months. For those who are USD bulls, this pair may be a way to trade that bias.

Dow Jones Industrial Average Yawns after FOMC

Dow Jones Industrial Average continues its consolidation near all-time highs. This appears to be a technical correction that is anticipated to be shallow.

USD/CAD Stalls Before Getting Out of the Driveway

USD/CAD has broken the range but can't follow through higher. There is a confluence of resistance near 1.3304-1.3381 that will make it challenging for further gains.

USD/JPY Technical Analysis: Bulls Still Haven’t Broken Resistance

The next 24-36 hours may see some volatile price swings for USD/JPY. Tuesday's break above 105.42 creates overlap with the July 21 low and allows for a medium term bullish bias.

AUD/USD Technical Analysis: Ripping Into the Reversal Zone

AUD/USD has finally pushed up into the bearish reversal zone of .7520-.7600. Event risk over the next 24 hours can make for volatile conditions in the Australian Dollar.

USD/JPY Bullish Reversal? Not Out of the Woods Yet

USD/JPY sold off overnight into previously cited support zones. The medium term technical picture is bullish with a near term key level of 105.42.

Dow Jones Industrial Average Mired in a Shallow Correction

Dow Jones Industrial Average continues consolidating its recent all-time highs. This consolidation appears to be a technical correction that is anticipated to be shallow.

EUR/USD Technical Analysis: Smallest 20 Day Range in 2 Years

Since the day after the Brexit vote, EUR/USD has been trading in a fairly tight trading range since August 2014 on low volume. This favors range strategies leading up to the FOMC meeting.

USD/CAD Technical Analysis: Breakout but How Far?

USD/CAD has broken the range and has reached its highest level in 4 months. There is some confluence of resistance near 1.3304-1.3381.


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