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Trading Video: Dow, Yen Crosses, AUDUSD...So Much Break Potential

Trading Video: Dow, Yen Crosses, AUDUSD...So Much Break Potential

2014-08-08 00:46:00
John Kicklighter, Chief Strategist
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Talking Points:

• A number of markets and currency pairs are leaning on key technical levels

• There is a fundamental connection to this wide range of assets: investor sentiment

• As sentiment makes a concerted but measures shift towards decline, gauging conviction is key

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The Dow Jones Industrial Average is increasing the pressure on trendline that has forged support for multiple years. This isn't the only heavily traded benchmark testing or breaking support. EURJPY, AUDUSD, EURUSD and many others are in a similar position. After a 2014 of restrained volatility and market swings, the trade potential is tantalizing. And, unlike so many false starts recently, underlying conditions are staging the necessary circumstances for true material follow through via speculative repositioning. Which markets and pairs are more immediately marked for the break? Are there breaks that can still happen before the fast approaching weekend? What will signal a systemic change? We discuss all of this in today's Trading Video.

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