News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 83.48%, while traders in France 40 are at opposite extremes with 75.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HMT6LyyKQO
  • Heads Up:🇵🇱 Employment Growth YoY (MAY) due at 08:00 GMT (15min) Expected: 2.5% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 1.32% Gold: 0.79% Oil - US Crude: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XrFcwZnnix
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/sNccrLBlhH
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.26% 🇳🇿NZD: -0.44% 🇬🇧GBP: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/z7VcGOqJws
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: 0.07% Wall Street: 0.06% Germany 30: 0.00% France 40: -0.05% FTSE 100: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/m5r5lzDOiH
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/jGgo0gCRAn
  • 🇬🇧 Retail Sales YoY (MAY) Actual: 24.6% Expected: 29% Previous: 42.4% https://www.dailyfx.com/economic-calendar#2021-06-18
  • 🇬🇧 Retail Sales ex Fuel YoY (MAY) Actual: 21.7% Expected: 27.3% Previous: 37.7% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Heads Up:🇬🇧 Retail Sales ex Fuel YoY (MAY) due at 06:00 GMT (15min) Expected: 27.3% Previous: 37.7% https://www.dailyfx.com/economic-calendar#2021-06-18
Forex Sentiment & Volume Analysis - USDJPY

Forex Sentiment & Volume Analysis - USDJPY

Rob Pasche, Forex Trading Instructor

Talking Points:

  • USDJPY has been in a range after an extended uptrend
  • Volume is increasing during down-moves
  • USDJPY SSI is at +2.5, a bearish signal

Retail Sentiment is acquired using DailyFX Plus’ Speculative Sentiment Index. It is free for real FXCM account holders, but is also free for anyone using a two week trial: DailyFX Plus Trial

Retail Volume is available on FXCM’s Trading Station Desktop platform. This free software can be downloaded here and a free demo login can be acquired here. Real Volume is a default indicator that can be added to your charts.

Learn Forex: USDJPY Falling Prices Confirmed by Above Average Volume

Forex Sentiment & Volume Analysis - USDJPY

(Created using Marketscope 2.0 charts)

We saw two major drops in the USDJPY in the past few months, the first in December and the second in January. Real volume traded during these two drops was significantly larger than average. Especially when compared to volume traded when price was climbing higher.

Learn Forex: USDJPY SSI at its Highest Level in Months

Forex Sentiment & Volume Analysis - USDJPY

(Screen capture from DailyFXPlus.com)

If we look at the most recent SSI readings for USDJPY, we can see that this is the highest SSI reading we have seen in months. This doesn't guarantee that price will move lower, however.We can see examples of the last two years when extremely positive SSI had little effect on price. But if the USDJPY was going to begin to move lower, I believe the SSI would reach a very high positive figure.

In Conclusion

Remember, there are no guarantees in trading. Perform your own due diligence and trade using sound money management. Also, feel free to utilize a demo account to practice trading risk-free before trading with real money if you are just starting out.

Good trading!

---Written by Rob Pasche

Video Lessons || Free Forex Training

Trading Using Fibonacci (13:08)

Reading the RSI, Relative Strength Index (13:57)

Money Management Principles (31:44)

Trade Like a Professional Workshop (1:44:14)

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

DISCLOSURES