Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining ...
Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time
Talking Points
USD back at 200-day moving average
Important downside break looming?
US Dollar - USD Changing Its Tune?
Is the FXCM US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP & AUD) changing its tune? Since August of last year, there have been four undercuts of the 200-day moving average. In August, September and October when this occurred the close back over the moving average was followed by an almost immediate push back to new highs. The same thing looked to be going on last month after the index settled below the moving average on the 11th and then closed back over it on the 12th. Like in the prior episodes, the dollar rallied steadily after doing this for a couple of weeks, but failed well shy of the old highs and is now very close to challenging the 200-day moving average yet again.
Looking for real-time positioning data? Find out HERE
This is precisely what I find troubling as it suggests that the fairly reliable bullish behavior that we have all gotten accustomed to over the past couple years if finally changing. Another clear break of the 200-day moving average from a lower high so soon after having successfully rebounded from it would be a very clear negative technical development that risks opening the downside floodgates - especially if the 200 day starts to act as resistance! It does not help that the price action over the last four months could easily be construed as a head & shoulders top with implications for an eventual move towards 11,700. The index needs to get back above 12,160 (in a hurry) to undermine the burgeoning negative technical picture.
Get DailyFX’s top trading opportunities of 2016 HERE
--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com
Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time
Talking Points
USD back at 200-day moving average
Important downside break looming?
US Dollar - USD Changing Its Tune?
Is the FXCM US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP & AUD) changing its tune? Since August of last year, there have been four undercuts of the 200-day moving average. In August, September and October when this occurred the close back over the moving average was followed by an almost immediate push back to new highs. The same thing looked to be going on last month after the index settled below the moving average on the 11th and then closed back over it on the 12th. Like in the prior episodes, the dollar rallied steadily after doing this for a couple of weeks, but failed well shy of the old highs and is now very close to challenging the 200-day moving average yet again.
Looking for real-time positioning data? Find out HERE
This is precisely what I find troubling as it suggests that the fairly reliable bullish behavior that we have all gotten accustomed to over the past couple years if finally changing. Another clear break of the 200-day moving average from a lower high so soon after having successfully rebounded from it would be a very clear negative technical development that risks opening the downside floodgates - especially if the 200 day starts to act as resistance! It does not help that the price action over the last four months could easily be construed as a head & shoulders top with implications for an eventual move towards 11,700. The index needs to get back above 12,160 (in a hurry) to undermine the burgeoning negative technical picture.
Get DailyFX’s top trading opportunities of 2016 HERE
--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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