Good Morning BabyPips.com!
Within the Vantage FX News Centre, one of our Market Analysts posts a chart of the day within the Asian Session Morning Blog. The idea is for the chart to be a clear, actionable setup that can help you with your trading decisions for the day.
We’d love to hear your opinion on any of the charts we post, so please comment on the thread and hopefully share a chart of your own.
<strong>Chart of the Day:</strong>
Following a post in the Technical Analysis section of the Vantage FX News Centre, we rode USD/CAD up to channel resistance on the daily chart. The fact that it was with the overall trend and following the narrative of USD strength at the time made the trade all the more appealing.
<strong>USD/CAD Daily:</strong>
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Having looked at EUR/USD and AUD/USD in our Asian Session Morning blog, lets take a look at something a little different in the chart of the day section.
[B]SP500 Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Keeping with the Euro theme, we take a look at the EUR/GBP cross with a weekly channel that has been in play for a couple of years now.
[B]EUR/GBP Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
We couldn’t pass up having a look at USD/CAD on Canada day, could we?
[B]USD/CAD Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
On NFP day, we take a look at one of the pairs most affected by the number in USD/JPY.
[B]USD/JPY 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
As the NFP spike fallout settles down, GBP/USD sits in a nice actionable zone.
[B]GBP/USD Daily:[/B]
[B]Chart of the Day:[/B]
With a messy chart full of gaps to contend with, we take a look at EUR/USD from a technical point of view.
[B]EUR/USD Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
On RBA Teusday, we take a look at one of the Aussie crosses sitting at major channel support level dating back to 2009.
[B]AUD/JPY Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
In the Technical Analysis section of the Vantage FX News Centre, we have been looking at building a short position in Gold over the last few weeks in anticipation of a break lower through major support. The level that price is testing the bottom of now.
[B]Gold Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
We head back to the world of indices in today’s chart of the day, taking a look at the CHINA50.
[B]CHINA50 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Price sits at an excellent technical level on USD/JPY that we can look to manage our risk around.
USD/JPY 4 Hourly:
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
A follow up to the GBP/USD daily setup that we have been watching over the last few weeks.
[B]GBP/USD 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
With all the Greek focus on currencies, we take a look at how the US stock market reacted to the news of a compromised deal being made between Greece and it’s creditors.
[B]SP500 Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
The most recent agreement between world powers and Iran limits Iranian nuclear activity and lifts the crippling international economic sanctions imposed on them. This deal has a potentially massive impact on the price of oil with sanctions reportedly taking over 1 million barrels of oil supply out of the market.
In an attempt to gain a foothold back in the oil export market, Iran could potentially undercut prices in an attempt to generate cash flow. The 700,000 barrels a day that Iran adds to the market could now have a huge supply side impact on the market.
In reality however, the market is fairly well prepared for this decision, but let’s take a look at what the price of Oil has been doing.
[B]Oil 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
The Bank of Canada cut interest rates overnight in an attempt to stimulate an export driven economy that is still trying to come to grips with the lower price of oil.
With commodity currencies slipping across the board on the back of the decision out of Canada, we take a look at USD/CAD below.
[B]USD/CAD Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
We today take another look at the AUD/JPY broken channel that we have been watching.
[B]AUD/JPY Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
With Tokyo on holidays in observance of Marine Day, it gives us an extra day to devise a plan of attack on the Nikkei.
[B]Nikkei Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Popular belief had the crowd thinking that with central banks across the globe printing money, that Gold would rally back towards highs because of its reputation as a safehaven. Obviously that hasn’t been the case and with the Fed now destined to push ahead with raising rates this year, the US Dollar is still king.
St. Louis Fed President James Bullard overnight added fuel to the fire with these comments:
“There is a better than 50% chance that the Federal Reserve will raise interest rates in September.”
[B]USDX Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
With the US Dollar selling off across the board, we take a look at the one major pair that was seemingly unaffected by the Dollar move.
[B]GBP/USD Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.