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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Forex: EURUSD, EURJPY and S&P 500 Locked and Loaded?

Forex: EURUSD, EURJPY and S&P 500 Locked and Loaded?

John Kicklighter, Chief Strategist

Talking Points:

• The temptation to position for reversal, breakouts and large swings is building

S&P 500 has formed a tempting head-and-shoulders pattern and EURJPY is wobbling above 141

• Yet, where technicals are tempting, fundamentals timing and market conditions give reason for pause

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

There tally on breakout, reversal and trend potential charts has grown sharply. Yet, that head-and-shoulders S&P 500 pattern and heavy EURUSD resistance are only one part of the trading equation. To transition from a knee-jerk technical move into a meaningful follow through trend, we need a key fundamental theme traders can fall behind and market participation to support it. We know December is the most distressed month for volume (participation) when looking at benchmarks like S&P 500. As for the fundamental fires, the risk and monetary policy themes are struggling for attention and don't have a conducive timing. We discuss the trade potential in these seductive charts in today's Trading Video.

Sign up for John’s email distribution list, here.

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