Vantage FX Chart of the Day

Chart of the Day:
On NFP Friday, it’s smart to do an overview of both the US Dollar as well as the S&P 500. But having done the S&P a couple of times this week already, lets mix it up a little and take a look at trading Gold.

GOLD Weekly:



For more information about Gold data,check out our website.

Chart of the Day:
Lastly for your Monday morning, Republican presidential front-runner Donald Trump has spoken to the Washington Post and predicted that the United States is on course for a “very massive recession”.

“I think we’re sitting on an economic bubble. A financial bubble.”

Although the comments were as vague as you’d expect from a politician, unemployment and ‘overvalued’ stocks were cited by the big man.

“It’s a terrible time right now to invest in the stock market.”

S&P500 Weekly:




For more information about USD data,check out our website.

Chart of the Day:
These Aussie feature blogs seem to always have AUD/JPY as my go to ‘alternate’ currency pair and the trend continues today. The trend is your friend, as they do say!

AUD/JPY Daily:



For more information about AUD data,check out our website.

Chart of the Day:
Yesterday we featured AUD/JPY and once again it was the higher time frame resistance level that won out over short term support. I encourage you to go back over your charts and look at the amount of times you have the choice between trading a short term level against what the larger time frame charts are telling you, and to see what would have happened. Higher time frames are king!

In today’s chart of the day, lets just look at how we can go about trading this Yen strength that we’ve spoken about throughout the blog.

USD/JPY 15 Minute:



For more information about USD data,check out our website.

Chart of the Day:
The FOMC Minutes also coincided with the 110 level in USD/JPY failing.

USD/JPY 15 Minute:



For more information about [USD data](Chart of the Day: The FOMC Minutes also coincided with the 110 level in USD/JPY failing. USD/JPY 15 Minute:),check out our website.

Chart of the Day:
One for the Commodities traders on our book with a look at Oil.

OIL Daily:



For more information about Oil Data,check out our website.

Chart of the Day:

Threat of stimulus from Japanese PM Abe is helping USD/JPY kick out of the zone marked in today’s Daily Market Update:

Plenty more charts in the Vantage FX Daily Market Update!

Chart of the Day:

The mother of all bull markets.

The intra-day chart shows just well the price action respected the technicals on the breakout.

Check out all today’s SP500 chart analysis in the Vantage FX Daily Market Update

Chart of the Day:

Taking a quick look at the crosses and you can see both GBP/JPY and AUD/JPY are coming into higher time frame resistance.


Check out all today’s JPY analysis in the Vantage FX Daily Market Update.

Chart of the Day:

In the decision fallout, price has spiked up to test the GFC low line we have marked on our chart and was rejected quite hard. That level and the gap level that we highlighted yesterday might get some attention near term, but they have to be seen as selling opportunities, surely.

More GBP charts in the Vantage FX Daily Market Update.

Chart of the Day:

Sellers have paused at this support level. Not sure if you should be too keen to catch this falling knife here though. There feels like a lot of momentum behind last week’s Kiwi selling.

Trade NZD/USD with Vantage FX.

Chart of the Day:

A market where everyone is expecting the RBA to cut in August. Waiting for the minutes to spoon feed them that a cut is guaranteed. That was always going to disappoint in some fashion…

So the minutes are released and the spoon feeding dovish rhetoric wasn’t enough to satisfy and he first level of support that price pulled back to (the channel bottom) was bought.

Ah markets!

Trade AUD/USD with Vantage FX

Chart of the Day:

Again, looking at the technicals on the 4 hour SP500 chart from our Vantage FX MT4 platform, I still can’t make a case for a consistent pullback here either.

Intra-day, price is still in the midst of a strong bullish trend, with momentum still obvious following the break-out to record highs the other week. Price now continues to drift sideways in a bullish flag: A reliable continuation pattern as highlighted in the Education Centre of the website.

This is not yet the safest time to get down onto the train tracks and jump in front of momentum.

Do you trade US indices?

Chart of the Day:

Bulls, be aware that price has rejected off weekly trend line resistance, but as always, I’m viewing this higher time frame line as highly subjective. A few charts I’ve seen around the place have all used different points to draw their trend line so view it as a zone rather than a hard level.


Trade Gold with Vantage FX

Chart of the Day:

The Yen pairs were all sitting at pretty juicy resistance levels such as this:

Trade EUR/JPY with Vantage FX.

Chart of the Day:

The AUD/USD hourly shows what seems to be a bit of an equilibrium level. Zoom out and you can see that it is basically the midpoint of a range and a visual representation of a market full of traders not willing to position themselves heavily one way or the other.

Trade AUD/USD with Australian Forex Broker, Vantage FX.

Hot level. I’m shorting this.

Just a lazy 200 pips lower than when you posted that you were shorting Badem.

Great trading!

Chart of the Day:

“There is no 10 trillion yen stimulus”

USD/JPY Timberrrr!

Something our Analysts have been waiting for in our Daily Market Update. Subscribe today!

Chart of the Day:

FNN report: JP stimulus size to be JPY 27trln

Japan Ministry of Finance say it is not true they are considering 50yr bonds - debunking earlier WSJ story --Rtrs

Headlines whipping USD/JPY around. But…

Trade USD/JPY with Vantage FX.