The US Dollar took four months to wipe out 50% of a trend that took almost two years to build, but prices has been lodged at that half-way point now for two weeks. That will probably change next week. [Read More...]
DailyFX Forex Trading Course Walkthrough: Part One
While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange. [Read More...]
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
The Yen was on a wild ride last week as the BoJ intervened again after a parabolic move in USD/JPY, but will they be able to tilt the trend? [Read More...]
Canadian Dollar Forecast: USD/CAD, CAD/JPY, GBP/CAD
USD/CAD put in a massive breakout last week to run to fresh two year highs, negating a bear flag along the way. Can USD/CAD bulls continue to push? [Read More...]
Global Market Unwind: USD Jumps as Euro, Sterling Plummet, Stocks Stare into the Abyss
It was a brutal week for global markets but FX has shown more panic in Euro and Sterling – even as US equities hold above June lows. [Read More...]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar started the week with massive strength but has since pared gains on the back of a breakout in EUR/USD. [Read More...]
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
The Japanese Yen came into the week with a full head of steam, but staged a stark reversal as US Treasury Yields began to rise again. Is there more in store for Yen bears? [Read More...]
S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
It was another week of strength for stocks. The Fed is waiting in the wings. Are they close to caving in the face of declining economic data? [Read More...]
British Pound Technical Analysis: GBP/USD, GBP/JPY – Big Week for GBP
It’s a big week for the beleaguered British Pound, with job numbers, CPI and a rate decision all on the calendar to go along with a major FOMC rate meeting on Wednesday. [Read More...]
British Pound Forecast: GBP/USD, GBP/JPY, GBP/AUD, EUR/GBP
It was a brutal week for the British Pound against the US Dollar and Japanese Yen, but it remains to be seen whether this can lead into fresh long-term trends. [Read More...]
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound continues to show strength but GBP/USD and GBP/JPY are nearing very big levels on the chart. [Read More...]
Fibonacci for a Multi-Market Trader’s Approach
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets. [Read More...]
How to Learn Technical Analysis with DailyFX
Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more… [Read More...]
USD Q2 2021 Technical Forecast
It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be. [Read More...]
DailyFX Forex Trading Course Walkthrough: Part Ten
It's our final installment but the journey is just beginning. A trader's education continues throughout their career and items like psychology become increasingly important. [Read More...]
US Dollar Q1 2021 Forecast: US Dollar Evening Star Drives into Fresh Two-Year-Lows
It was a brutal showing in the US Dollar during the last eight months of 2020. But the big level of critical importance is still lurking below. [Read More...]
British Pound Technical Forecast: GBP/USD, GBP/JPY, GBP/AUD, GBP/CAD
GBP fell against both the US Dollar and Japanese Yen but, did manage to extend gains against CAD and Aussie. [Read More...]
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
The British Pound threatened a downside break on Friday but quickly pulled back. What might be in store for next week as the UK moves closer to a no-deal Brexit? [Read More...]
British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP, GBP/CAD
It was a strong week for Sterling but can it keep it up? GBP/USD and GBP/CAD put in explosive moves while GBP/JPY and EUR/GBP stare down significant obstacles on the chart. [Read More...]
Oil Price Forecast: Oil Recovery Continues, WTI Tests the $40 Handle
Don't call it a comeback; but less than two months after Oil traded at -40 prices have begun to re-test the $40 handle. Can it continue? [Read More...]