[B]Chart of the Day:[/B]
I know that we’re now featuring Oil twice in the same week, but last night’s move was again too big to ignore.
[B]Oil 15 Minute:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
While still technically respecting its bullish trend, the fact that price has broken out of the horizontal range that has supported price for most of the year has the bulls on edge.
[B]SP500 Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
So lets take a look at the charts and one of the hardest hit by this morning’s market turmoil. The Aussie dollar.
[B]AUD/USD 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
The market even hit ‘limit down’ levels after falling as much as 7% from its opening price. When a market goes limit down, it is essentially the exchange hitting a circuit breaker to halt trade and let some of the emotion and dare I say it, the HFT algos cool their boots before the spiral gets out of control.
This is not something that is implemented lightly, with the last time the limit down level was hit being during the GFC.
[B]SP500 5 Minute:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Yesterday in the Technical Analysis section of the Vantage FX News Centre, we took a look at some of the Black Monday Chart Damage.
[B]NZD/JPY 1 Minute:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
Chart of the Day:
While the US Dollar managed to rip, demand for Gold has once again all but dried up. As we spoke about on Twitter yesterday, the ‘world ended’ yet Gold STILL failed to catch a bid.
Gold Daily:
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Sticking to the week’s commodities trading theme, Oil rallied more than 10% overnight, printing its largest single day rally since March 2009!
The bounce in US stocks as well as falling supply set off some short covering at current levels, causing price to break its short term bearish channel and rocket back up to test previous support as possible resistance.
[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]
With the Bank of England signalling that they are still on track, let’s take a look at the EUR/GBP technical picture.
[B]EUR/GBP Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
After squeezing out of its range and clearing out stops and weak shorts, EUR/USD has pulled back just as hard again.
[B]EUR/USD 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Indices Trading has a bit of a stigma around it when it comes to purely technical Forex traders because the charts can appear to contain gaps. If you take the time to work out your position sizing and market times then Indices actually present some of the cleanest technical setups around. Today we take a look at one such setup on the German DAX.
[B]DAX30 Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
“Victory over Japan Day is the day on which Japan surrendered in World War II, in effect ending the war.”
[B]HSI Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Today we head back to the world of Forex trading with a look at a flag pattern on the AUD/NZD daily chart. We also take a look at the how price reacts to previously significant levels after unnatural spikes.
[B]AUD/NZD Daily:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
With ALL surveyed economists predicting an interest rate cut heading into Thursday’s RBNZ decision, I wanted to highlight what happened last time a cut was fully priced in.
[B]NZD/USD Hourly 1:[/B]
Take a look at the comparison chart on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
Today we take a quick look at silver trading as the metal sits at an important weekly level.
[B]Silver Weekly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
With the Bank of Canada interest rate decision tonight, lets take a look at USD/CAD from a technical perspective.
[B]USD/CAD 4 Hourly:[/B]
Read our Chart of the Day Analysis on the Vantage FX News Centre here.
[B]Chart of the Day:[/B]
We cap off a week of central banks galore with a look at Cable before tonight’s Bank of England decision.
[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]
On the back of yesterday’s better than expected Australian employment print, AUD/CAD sits in an interesting position.
“AUD Employment Change (17.4K v 5.2K expected).”
[B]AUD/CAD Daily:[/B]
Read our Forex Chart of the Day Analysis on the Vantage FX News Centre.
[B]Chart of the Day:[/B]
Head of Commodity research at Goldman Sachs Jeffrey Currie has had this to say about Oil in a research report this weekend:
“The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016.”
“The potential for oil prices to fall to such levels, which we estimate near $20/bbl, is becoming greater.”
Read our Oil Chart Analysis on the Vantage FX News Centre.
[B]Chart of the Day:[/B]
Today’s chart of the day continues our look at the Aussie Dollar, with focus turning to AUD/NZD.
[B]AUD/NZD Daily:[/B]
Read our Australian Dollar Chart Analysis on the Vantage FX News Centre.
[B]Chart of the Day:[/B]
USD/JPY traded higher after the Bank of Japan’s Governor Kuroda wisely chose to preserve their limited policy options as markets head into an expected US rate hiking cycle. Kuroda refrained from increasing the nation’s QE program, instead choosing to keep his powder dry.
[B]USD/JPY 4 Hourly:[/B]
Read our Japanese Yen Chart Analysis on the Vantage FX News Centre.