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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
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
Oil - US Crude
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • 🇺🇸 USD Retail Sales Control Group (NOV), Actual: 0.1% Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-12-13
  • 🇺🇸 USD Retail Sales Advance (MoM) (NOV), Actual: 0.2% Expected: 0.4% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2019-12-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.86%, while traders in France 40 are at opposite extremes with 75.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/e1KOrHbTo0
  • RT @GlobalTimesBiz: Global Times reporters have received a notice that Chinese officials will hold a press briefing Fri night Beijing time.…
  • Heads Up:🇺🇸 USD Retail Sales Control Group (NOV) due at 13:30 GMT (15min), Actual: N/A Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-12-13
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.64% 🇪🇺EUR: 0.39% 🇳🇿NZD: 0.36% 🇨🇦CAD: 0.14% 🇦🇺AUD: 0.10% 🇯🇵JPY: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pchaYpbte4
  • Heads Up:🇺🇸 USD Retail Sales Ex Auto and Gas (NOV) due at 13:30 GMT (15min), Actual: N/A Expected: 0.4% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2019-12-13
  • Heads Up:🇺🇸 USD Retail Sales Advance (MoM) (NOV) due at 13:30 GMT (15min), Actual: N/A Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-12-13
  • Heads Up:🇺🇸 USD Export Price Index (YoY) (NOV) due at 13:30 GMT (15min), Actual: N/A Expected: N/A Previous: -2.2% https://www.dailyfx.com/economic-calendar#2019-12-13
  • Heads Up:🇺🇸 USD Import Price Index ex Petroleum (MoM) (NOV) due at 13:30 GMT (15min), Actual: N/A Expected: 0.0% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2019-12-13
post-ECB, BoJ Price Action Setups

post-ECB, BoJ Price Action Setups

2017-04-27 19:46:00
James Stanley, Currency Strategist
Share:

- If you’re looking for trading ideas, check out our Trading Guides. And if you’re looking for ideas that are more short-term in nature, please check out our IG Client Sentiment.

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

- In this webinar, we used price action-based methods to look at macro markets after this morning’s rate decisions out of Japan and Europe.

- We started with EUR/USD, which has continued in a relatively bullish state for much of 2017, producing a trend-channel that consolidates resistance at a key Fibonacci level at 1.0933. For bullish re-entries, we looked at the level around 1.0820. For more information behind this setup, please check out our article from earlier today entitled, ECB, BoJ Temper Tapering Concerns.

- We then moved over to USD/JPY, which has also been putting in bullish moves of recent. Given the veracity and length of the down-trend before this recent spate of strength, and awaiting a break back-above the zone of resistance from 111.61-112.40 could make the prospect of top-side continuation significantly more attractive.

- We then looked at EUR/JPY as a way to mesh the two above themes together. Current resistance is showing at a key Fib level of 121.95, but there are a couple of potential mechanisms for re-entry that we walked through in the webinar. For more information behind this setup, please check out our technical article from yesterday entitled, Threatening a Bullish Break of a Bear Pennant.

--- Written by James Stanley, Strategist for DailyFX.com

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

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

DISCLOSURES

News & Analysis at your fingertips.