The US Dollar has pushed another fresh high this morning and now DXY is testing the 106.50 level. That level is a big spot as this is what marked the highs in April and May, setting up a double top formation that unwound over the next four months. There’s remaining unfilled gap up to 106.88, which came from an FOMC rate decision last November. Meanwhile there’s differing looks at USD through USD/CAD and USD/JPY which is explored further in the video.
The Tuesday webinar:
James on X @JStanleyFX:
James Stanley’s video playlist:
This presentation is provided solely as a courtesy to aid the education of our customers and prospective customers. It will discuss risk management concepts, strategies and does not include the recommendation or endorsement of any particular market/product, chart pattern or investment strategy by Forex.com. The discussions of a particular market or product herein should not be construed as an offer to sell or a solicitation of an offer to buy in any financial market whatsoever. Price and volume data, screen samples, and chart patterns illustrated in this presentation are for illustrative purposes only. Forex.com does not recommend the use of technical analysis as a sole means of investment research. Use of technical analysis may result in increased frequency of trading and, therefore, significantly higher transaction costs than a fundamental approach. Placing Contingent orders (such as stop or limit) may not limit the risk of loss to intended amounts. This presentation has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient and we do not guarantee or verify the accuracy of the information or commentary provided. It will include references to actual past trading results for discussion purposes. Past results are not necessarily indicative of future results. Increasing leverage increases risk. Any references to historical price movements or levels are informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. It is important that investors consider the information presented in light of their individual circumstances and objectives, including: level of experience, personal goals, risk tolerance, time horizon, in addition to researching possible investment choices through multiple channels. Most importantly, do not invest money you cannot afford to lose. Futures, options on futures, foreign exchange and other leveraged products involve substantial risk of loss and are not suitable for all investors. Past Performance is not indicative of future results. Increasing Leverage, Increases Risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. None of the services or investments referred to in this presentation are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of the attendees to ascertain the terms of and comply with any local law or regulation to which they are subject. Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, volume and other factors. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that FOREX.com is not rendering investment, legal, or tax advice . You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital Holdings Inc (a wholly-owned subsidiary of StoneX Group Inc.) and its subsidiaries. The products and services offered depend on your location and the entity holding your account.
❤ ❤