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
  • RT @BrendanFaganFx: Nasdaq 100 Outlook: Stocks Decline Despite Stellar Tech Earnings, All Eyes Shift to Fed $AAPL $MSFT $GOOG $QQQ $NDX L…
  • $SPX put in for an impressive midday recovery this past session leaving a large lower wick. The scale of the lower wicks consistently larger than corrections off highs https://t.co/BGkiFUwYsk
  • 🇰🇷 Consumer Confidence (JUL) Actual: 103.2 Previous: 110.3 https://www.dailyfx.com/economic-calendar#2021-07-27
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.53% 🇬🇧GBP: 0.44% 🇨🇭CHF: 0.13% 🇦🇺AUD: -0.32% 🇨🇦CAD: -0.46% 🇳🇿NZD: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/foLJDv5tkA
  • US API Stock Changes Crude -4.728M Cushing -0.126M Gasoline -6.226M Distillate -1.882M #OOTT $CL_F
  • RT @Nadex: The Macro Setup is back! Tune in as @GuyAdami, @RiskReversal, and special guest @CVecchioFX discuss: -Stocks lower ahead of big…
  • Heads Up:🇰🇷 Consumer Confidence (JUL) due at 21:00 GMT (15min) Previous: 110.3 https://www.dailyfx.com/economic-calendar#2021-07-27
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.32% Gold: 0.11% Silver: -1.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DKG9ZdR1SB
  • Apple Q3 Earnings Summary: Revenues: $81.43 B vs. $73.30 B est. EPS: $1.30 vs. $1.01 est. $AAPL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.03%, while traders in Wall Street are at opposite extremes with 70.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BH99T78609
Forex Strategy Video: Proper Trendline Trading with USDJPY

Forex Strategy Video: Proper Trendline Trading with USDJPY

John Kicklighter, Chief Strategist

Talking Points:

• A dip below 97 drew many traders into a false trendline break on USDJPY

• There are critical elements to make a trendline: time frame, minimum tests, visibility

• Yet - as with everything - context counts when we are looking for a true break or reversal

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

Any two points make a line. That does not mark, however, a high-probability trading pattern. Many traders were drawn in Friday as USDJPY slipped below just such a prominent trendline. Yet, a quick reversal proved the break a false one and left many traders scratching their heads. Is the trend of 2013 swing lows not an important technical level? What does that say about trendlines on pairs like GBPUSD, EURJPY, USDollar and S&P 500 amongst others? In the Weekend Forex Strategy Video, we discuss what makes for a trade-worthy trendline setup.

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

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

DISCLOSURES