[B]Chart of the Day:[/B]
A return to clean, clear charts for today’s chart of the day!
[B]AUD/USD Daily:[/B]
Do you see opportunity buying AUD/USD at these prices?
[B]Chart of the Day:[/B]
Further to yesterday’s AUD technical analysis post, we stick with the Aussie Dollar theme and today take a look at a couple of AUD/CAD charts.
[B]AUD/CAD Weekly:[/B]
Do you see the stops accumulating at the highs lasting?
[B]Chart of the Day:[/B]
Stock indices traders didn’t escape unscathed either, with the German DAX taking a heavy 3.6% hit.
[B]DAX30 4 Hourly:[/B]
Do you see opportunity in the ECB fallout?
[B]Chart of the Day:[/B]
Today’s chart of the day takes a follow up look at last Monday’s GBP/USD chart of the day in which we took a look at a clean bearish channel that price has been creeping down between over the past few months.
“I just can’t find a technical argument that would make me want to buy against the trend at a weak bearish channel bottom.”
Well we certainly found a reason didn’t we! Just a certain Italian named Mario Draghi.
[B]GBP/USD Daily:[/B]
Do you see opportunity trading these Cable parallels?
[B]Chart of the Day:[/B]
Lets take a closer look at the Oil chart.
[B]Oil Daily:[/B]
Do you see opportunity trading Oil?
[B]Chart of the Day:[/B]
If you’ve been following the Vantage FX blog, then you will have seen the AUD/JPY chart of the day that we featured a few weeks ago.
“Zooming out to the daily and we can see that price smashed through the 100 SMA that we were watching last week, and looks like it is reaching for channel resistance. I have re-drawn the horizontal support/resistance line to take in the spikes and we now have a nice confluence of possible resistance from which to take trades from.”
[B]AUD/JPY Daily:[/B]
Do you see opportunity trading AUD/JPY?
[B]Chart of the Day:[/B]
With the SP500 falling off resistance, across the Atlantic the FTSE100 has seen similar weakness set in but a confluence of support has caught my eye.
[B]FTSE100 Daily:[/B]
Do you see opportunity trading the FTSE100?
Chart of the Day:
With last night’s other major piece of news being the interest rate decision out of Switzerland, the SNB left rates on hold and maintained the now hollow pledge of intervening when needed to possibly weaken a currency they still see as overvalued. Today’s chart of the day takes a deeper look at the Swissy.
USD/CHF 4 Hourly:
Do you see opportunity trading USD/CHF? Is there more than 50 pips in this bounce?
[B]Chart of the Day:[/B]
With the long USD trade obviously crowded and expectations way too focused on the Fed hiking in December rather than how hard each subsequent hike from them on will be, we have spoken about a USD squeeze being a possibility.
[B]USD/JPY 4 Hourly:[/B]
In which direction do you see the biggest Forex trading opportunity heading into the Fed decision?
[B]Chart of the Day:[/B]
I’ve read a few headlines and market notes highlighting last night’s bounce in the price of oil and whether this could signal some sort of bottom. Today’s chart of the day takes a look at a few charts and what market sentiment could mean for Commodity traders heading forward.
[B]OIL 4 Hourly:[/B]
With short oil an already very crowded trade, taking a contrarian view does have its merit, but calling lows off these charts isn’t something I’m jumping out of my skin to do. Do you see opportunity buying oil?
[B]Chart of the Day:[/B]
It seems crazy as the Fed is hiking rates, making the free money that has been fuelling the stock market bull run for so long now more expensive, but the SP500 weekly chart is screaming rally.
[B]SP500 Weekly:[/B]
Do you see opportunity trading stock market indices?
[B]Chart of the Day:[/B]
Where did the Oil has bottomed stories go? In Tuesday’s FOMC Lead Up blog, we featured Oil as our chart of the day, questioning the sensationalised headlines on the back of what the charts are actually telling us.
[B]OIL 4 Hourly:[/B]
Is the opportunity in trading forex or trading oil?
[B]Chart of the Day:[/B]
USD/CAD continues to be the best performing currency pair on the Vantage FX Market Watch, breaking decade old swing highs and refusing to let up.
[B]USD/CAD Daily:[/B]
With Canadian CPI numbers out tonight, do you see opportunity fading USD/CAD into resistance?
[B]Chart of the Day:[/B]
We continue our look at OIL in the first chart of the day for 2016, zooming into the 4 hour chart.
[B]OIL 4 Hour:[/B]
Do you see opportunity trading OIL?
[B]Chart of the Day:[/B]
Okay, that’s enough looking at what happened, let’s turn our attention to the future and where some trading opportunities might be. Today’s chart of the day takes a look at one of our favourite currency crosses, Pound/Yen!
[B]GBP/JPY Weekly:[/B]
Are you watching for a GBP/JPY reaction from here.
[B]Chart of the Day:[/B]
But what about the ASX index futures market, or the SPI200 on your Vantage FX MT4 platform? Well the locals didn’t escape lightly, ending with the worst start to a year ON RECORD. Today’s open should be interesting for the SPI, with the US lead pointing to further pain.
[B]SPI200 Daily:[/B]
Do you see opportunity trading Indices?
[B]Chart of the Day:[/B]
To be quite honest, I’m sick about talking about healthy stock market pull-backs as catastrophes, and want to get back to some bread and butter Forex charts sitting at quality levels to manage your risk around.
[B]GBP/USD Daily:[/B]
Are you trading Cable?
[B]Chart of the Day:[/B]
The Loonie continued its parabolic, upward trajectory as it reached its highest level since 2003.
[B]USD/CAD Weekly:[/B]
Do you see opportunity trading CAD and OIL?
[B]Chart of the Day:[/B]
Leading into the Aussie employment data, we have to take a look at the AUD/USD chart. Just keep in mind the big picture with our old friend the weekly trend line support is still in play.
[B]AUD/USD Hourly:[/B]
Do you see opportunity trading Australian employment?
[B]Chart of the Day:[/B]
And there it is. The very first note that passes across my desk this morning runs the headline ‘Oil bears retreat’.
[B]OIL Daily:[/B]
Do you see opportunity trading OIL?