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
More View more
Real Time News
  • $ARKK down to a fresh three month low but finding some support on this confluent fibo level. If the rates theme continues could add more pressure here https://t.co/vfi4AHZKHd
  • tech side of the $USD forecast already starting to fill in with today's bullish breakout 😎 https://t.co/vHVn9WtWKX
  • I just finished my USD 4Q fundamental forecast with @JStanleyFX (who did the techs) at the end of last week. Today certainly jazzes up my assessment
  • The S&P 500 has opened with a sharp gap lower while the Dollar pushes an 11 month high. DailyFX's @JohnKicklighter talks about volatility, debt limits, and Fed forecasts! https://t.co/xNr8VZi1SC
  • $SPX trying to hold support after failing at resistance yday $SPY $ES currently about 4% off of the all time high https://t.co/uo5ohs01UU
  • Nasdaq tumbles 2% $NDX
  • The ICE's trade-weighted $DXY Dollar Index is at an 11 month high today. Notably, its largest component - $EURUSD - has not slipped the August low https://t.co/RbkyJVC2Oq
  • Stocks extend fall, Dow Jones down 1% following worse-than-expected US Consumer Confidence #trading $DJIA
  • Big enough disappointment to heap onto the risk aversion but not bad enough to restart speculation of a delayed November taper from the FOMC. Net net, further bearish pressure on $SPX https://t.co/oprOLVTdQX
  • The $SPX has opened today with its biggest bearish gap since last Monday's tumble. Officially squashes the recovery momentum and now we are more balanced in facing fundamental event risk - bullish or bearish https://t.co/hW5U62hWez
Price & Time: S&P 500 Down to Go Up?

Price & Time: S&P 500 Down to Go Up?

Kristian Kerr, Sr. Currency Strategist

Talking Points

Get real time volume on your charts for free. Click HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Price & Time: S&P 500 Down to Go Up?

ChartPrepared by Kristian Kerr

  • USD/JPY has rallied steadily since finding support at the 78.6% retracement of the May – June range at 120.40 last week
  • Our near-term trend bias is higher in the exchange rate while above 122.00
  • A move through 123.70 is needed to set off the next leg higher in the rate
  • A very minor turn window is eyed here
  • A close under 122.00 would turn us negative again on USD/JPY

USD/JPY Strategy: Like buying on weakness against 122.00

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*122.00

122.65

123.55

*123.75

124.40

Price & Time Analysis: AUD/USD

Price & Time: S&P 500 Down to Go Up?

ChartPrepared by Kristian Kerr

  • AUD/USD continues to consolidate above Fibonacci support at .7375
  • Our near-term trend bias is lower in the aussie while below .7555
  • A move through .7375 is needed to trigger the next round of weakness
  • A minor turn window is see early next week
  • A daily close back over .7555 would turn us positive on AUD/USD

AUD/USD Strategy: Like the short side while below .7555

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

AUD/USD

*.7375

.7400

.7455

.7485

*.7555

Focus Chart of the Day: S&P 500

Price & Time: S&P 500 Down to Go Up?

The S&P 500 has continued with its recent trend of “having to go down before up”. After a very volatile few days last week with two successive closes below the 200-day moving average the index is suddenly again in a strong position. Yesterday’s move through a key confluence of resistance near 2100 (50-day moving average, median line channel, 61.8% retracement of May- July decline) was potentially an important change in behavior and warns a more meaningful move higher is taking shape. The 78.6% retracement of the May –July decline at 2116 is immediate resistance, but a close over 2130 is really needed to trigger an important upside push. Weakness back under 2087 would be a cause for concern.

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES