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EUR/USD
Bullish
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High
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of clients are net short.
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2020-05-29 06:30:00
Oil - US Crude
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Crude Oil Prices May Fall on US-China Tension, Trump Speech Eyed
2020-05-29 03:30:00
Crude Oil Prices Struggle Despite Market Cheer, Gold Aims Lower
2020-05-27 02:00:00
Wall Street
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Dow Rallies as Nasdaq 100 Drops - Swapping Trends or Topping Out?
2020-05-27 18:42:00
S&P 500, Dow Jones Rally Pressing into Zone of Resistance
2020-05-27 12:30:00
Gold
Bearish
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EUR/USD, DXY & Gold Price – Charts for Next Week
2020-05-29 12:30:00
Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend
2020-05-28 18:34:00
GBP/USD
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British Pound (GBP) Latest: GBP/USD Under Pressure Ahead of Next Week's EU/UK Trade Talks
2020-05-29 09:30:00
US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-28 14:00:00
USD/JPY
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-28 14:00:00
EU to Unveil Covid-19 Recovery Fund Plan, Swiss Franc Sinking
2020-05-27 06:30:00
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USD/JPY

USD/JPY

2009-11-03 15:07:00
Thomas Long, Course Instructor
Share:

So far, this trade has acted as expected in that it is moving down.  My thinking is that if the USD is going to gain strength and move up against most currencies, it most likely will move up against the JPY also. That has not happened yet, so I am maintaining my bearish USD stance. I do not have enough confidence to act on that yet, other than this open position of the USD/JPY short, as the real test is coming this Friday. At 830AM Eastern, the US Department of Labor will release the Nonfarm Payrolls. This report has the reputation of being a trend maker and a trend breaker, and deservedly so. So we will know more by the Friday close, but this chart will hopefully show me what traders think of the USD and it's next big move.

 

usdjpy

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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