Best Thread FXCM/DailyFX Signals and Strategies

[Jason Rogers]

GBP/USD Threatens Bearish RSI Formation- BoE Testimony in Focus

Talking Points:

• GBP/USD Threatens Bearish RSI Formation- BoE Testimony in Focus.
• EUR/USD Pullback Eyes Former Support- Dovish ECB on Tap?
• USDOLLAR Mounts Larger Rebound Ahead of Fed Rhetoric.

 

[Jason Rogers]

NZD/CAD Posts Outside Day Reversal Pre-BoC; Shorts Face 8700 Hurdle

Past performance is not necessarily indicative of future results.​

Talking Points

• NZD/CAD posts reversal candle off key resistance- scalps favor shorts
• Updated targets & invalidation levels and this week's event risk discussed in Michael Boutros' article on DailyFX.com

 

[Jason Rogers]

EUR/CAD Bulls Brace for ECB- Rally Vulnerable Sub 1.4955

Past performance is not necessarily indicative of future results.​

Technical Outlook

• EUR/CAD is trading into resistance of a descending formation off the September highs
• Resistance confluence & Bearish invalidation at 1.4956/80
• Key support 1.4561/90- Break lower targets objectives at 1.4450 / ML support & 1.4891
• A breach higher shifts focus back towards targets into the September high-day close at 1.5095
• Key Event Risk Ahead: European Central Bank (ECB) Interest Rate Decision & Canada Retail Sales tomorrow & Canada Consumer Price Index (CPI) on Friday

 

[Jason Rogers]

GBP/JPY Has Highest Volume Day in 5 Years

On Friday October 23, 2015, GBP/JPY traded its largest volume in over 5 years.

Past performance is not necessarily indicative of future results.​

Friday ended up as a daily close higher, but the high price of the day may kick off an aggressive Elliott Wave 3 lower. Jeremy Wagner discusses the implications in his article on DailyFX.com

 

[Jason Rogers]

FOMC Scenario Analysis for Dollar and Equity Markets

Past performance is not necessarily indicative of future results.​

The table above is taken from John Kicklighter's post-FOMC analysis on DailyFX.com

 

[Jason Rogers]

Forex Positioning Data Warns Further Euro Losses Likely

Our retail forex trader data warns that the Euro will likely continue lower as the US Dollar rallies across the board.

Past performance is not necessarily indicative of future results.​

Quantitative strategist David Rodriguez discusses his sentiment-based outlook for the Euro and other major currencies in his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com

 

[Jason Rogers]

November Forex Seasonality Foresees EUR/USD Drop

EUR/USD's second-worst month of the year is November.

Past performance is not necessarily indicative of future results.​

For more details, see Christopher Vecchio's article on DailyFX.com

 

[Jason Rogers]

GBP/USD Breakdown Potential on BoE, NFP

Talking Points

• GBP/USD holding descending channel ahead of key Event Risk
• Updated targets & invalidation levels
• See the Economic Calendar on DailyFX.com for event risk on tap this week

 

[Jason Rogers]

Forex Sentiment Points to USD Strength versus these Currencies

The Speculative Sentiment Index (SSI) reveals that retail forex traders remain heavily short the US Dollar. The latest analysis by David Rodriguez on DailyFX.com points to continued USD gains against these key currencies.

Past performance is not necessarily indicative of future results.​

 

[Jason Rogers]

Webinar: Post NFP Setups in Play- Sterling Crosses at Risk

Talking Points

• Weekly Scalp Webinar archive covering featured setups post NFP
• Updated targets & invalidation levels
• See the Economic Calendar on DailyFX.com for event risk on tap this week

 

[Jason Rogers]

AUD/JPY Flirting with Pivotal Support

AUD/JPY Daily

Past performance is not necessarily indicative of future results.​

Technical Outlook

• AUD/JPY holding below channel resistance off the October high
• Interim support 86.13/28- Break lower targets 85.46 & 84.58/72
• Resistance at 87 backed by near-term bearish invalidation 87.43/50
• Daily RSI support-trigger pending- break would be bearish
• Key Event Risk Ahead: Aussie Unemployment tomorrow and Japan Industrial Production & GDP later this week

 

[Jason Rogers]

Directional Volume Suggests Euro Losses Are Likely

The Euro has broken through all meaningful levels of volume-based support versus the US Dollar, and risks remain for a return to multi-year lows near the $1.05 mark. Resistance now stands at former support near $1.08, but we would need to see a break above more substantive volume-based resistance levels starting at $1.10 to call for a larger EUR rebound.

EUR/USD Volume at Price Chart

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator
Past performance is not necessarily indicative of future results.​

See more information on DailyFX.com on the Real Volume and Transactions indicators

 

[Jason Rogers]

Forex Positioning Warns that the US Dollar May Lose Further

Past performance is not necessarily indicative of future results.​

See full analysis in this week's Speculative Sentiment Index (SSI) report by David Rodriguez on DailyFX.com

 

[Jason Rogers]

The Top Three Risks Facing Global Markets Right Now

Today, currency analyst James Stanley discusses what he considers the top three risks facing global markets right now.

RISK #1: Liquidity

Past performance is not necessarily indicative of future results.​

For more details on all 3 risks identified by James Stanley, see his article on DailyFX.com

 

[options-george]

Today, currency analyst James Stanley discusses what he considers the top three risks facing global markets right now.

RISK #1: Liquidity

Past performance is not necessarily indicative of future results.​

For more details on all 3 risks identified by James Stanley, see his article on DailyFX.com

Thanks for pointing out that article. I especially found useful the discussion on liquidity risk. I believe related to this, is the email I received from FXCM yesterday:

*IMPORTANT UPDATE* Please take special note of the margin requirement increases on the GBP/AUD and GBP/NZD currency pairs. In recent months liquidity on these pairs has been less reliable which has resulted in periodic price gapping. In an effort to mitigate customer losses FXCM will double the margin requirement for these two pairs and put in place a 200K maximum order size specifically for these pairs on Trading Station accounts. Traders may also use the “market range” feature when placing a market order to determine a comfortable range of prices in pips where your order can execute


Could you elaborate on this 200k limit? Does this mean a max order of 2 standard lots?

Looking forward to your comments,
George

 

[Jason Rogers]

Can a Trader Take Advantage of the IMFs Chinese Yuan Decision?

There is no doubt that Yuan joining SDR basket is a milestone event, but for investors and traders, how would you benefit from this new development?

In her latest article on DailyFX.com, Renee Mu discusses a list of opportunities that you may be able to use to invest in China at the moment or in the near future.

 

[Jason Rogers]

Could you elaborate on this 200k limit? Does this mean a max order of 2 standard lots?

Hi George,

That's correct. The max order size for both GBP/AUD and GBP/NZD will now be 2 standard lots which is equivalent to £200,000.

I'm glad you found the DailyFX article useful. :smart:

 

[Jason Rogers]

EUR/USD Stares Down A Big Week

In his article on DailyFX.com, head forex trading instructor Jeremy Wagner discusses the big week for EUR/USD.

Past performance is not necessarily indicative of future results.​

"As we look through the technical patterns, it appears the higher probability move is for a couple hundred pips of US Dollar weakness. This could send the EUR/USD higher towards 1.08-1.09."

 

[kalott]

In his article on DailyFX.com, head forex trading instructor Jeremy Wagner discusses the big week for EUR/USD.

Past performance is not necessarily indicative of future results.​

"As we look through the technical patterns, it appears the higher probability move is for a couple hundred pips of US Dollar weakness. This could send the EUR/USD higher towards 1.08-1.09."

Draghi waiting for the FEDs rate hike?

"Markets fall as ECB doesn't deliver QE for Christmas – as it happened"

http://www.theguardian.com/business...ral-bank-qe-signal-mario-draghi-business-live

 

[Jason Rogers]

Draghi waiting for the FEDs rate hike?

Tomorrow's ECB meeting is looking to be one of the more significant European announcements in months, if not years.

Past performance is not necessarily indicative of future results.​

Currency analyst James Stanley discusses how to prepare for it in his article today on DailyFX.com