James Stanley
Senior Strategist at FOREX.com
price action, macro - opinions my own Sr. Strategist, https://t.co/lQguYxyk2Y no advice or recos, I do not DM
Articles
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3 weeks ago |
forex.com | James Stanley
The USD/CAD bearish trend extended this week with some help from the Bank of Canada on Wednesday. The move has started to take on a grinding appearance, however, and positioning seems very one-sided in the pair following the 1,000+ pip pullback over the past four months.
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3 weeks ago |
forex.com | James Stanley
The US Dollar is grinding towards the April low after a less-dovish ECB meeting helped EUR/USD push up towards the 1.1500 handle. So far, buyers haven’t been able to drive for a re-test but as I shared in the Tuesday webinar, we have to call this what it is, which is a bullish continuation scenario following the topside break of the bull pennant formation. USD/JPY on the other hand is showing USD strength quite vividly after another support test at the 142.50 level.
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3 weeks ago |
forex.com | James Stanley
Gold prices have been on a massive run since last February, gaining as much as 75% to test the $3,500 level in April. Since that April high bulls haven’t been able to prod a re-test of that big figure, and there’s been a showing of resistance at the $3350 level that remains in-play today. I look into gold each week during the price action webinar and you’re welcome to join the next. Click here to register.
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3 weeks ago |
forex.com | James Stanley
The US Dollar continues to hold long-term support at a major spot on the chart. USD/JPY continues to drive USD flow as a hold and bounce from 142.50 to start the week have accompanied a short-term bounce in the USD. If we do get a turn in the USD, EUR/USD bearish themes remain attractive but if USD bears go for another push to fresh lows, GBP/USD and USD/CAD both remain attractive, looked at in greater depth during the webinar.
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1 month ago |
stonex.com | James Stanley
Gold Talking Points: It’s been a blistering bullish trend in gold for 15 months now as the metal has gained as much as 75% from the February 2024 low up to last month’s high The natural question now is whether the move is exhausted as there’s only been two red months in that span; and more recently bulls have shown fatigue at $3350 after the $3500 level marked the high point last monthMonthly bars can be informative.
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$Gold 3300 support hold so far coming up on first res test since the bounce, 3325.60, 3350 above that https://t.co/CaZJGZpLpa
USD Breakdown Test: USD/JPY, EUR/USD, USD/CAD, GBP/USD $USD $USDJPY $EURUSD $USDCAD $GBPUSD https://t.co/wOfXHM0Tiw
full video from the webinar $USD sitting just above three year lows $GBPUSD has been clean on the short side of $DXY, along with $USDCAD to a lesser degree bigger ? is whether $EURUSD bulls will be able to push a break, $USDJPY still bullish structure https://t.co/7nx9jtS3Nk