Japanese Yen Outlook: USD/JPY, EUR/JPY at Risk Amid Rising Net-Long Bets
2021-06-09 05:00:00
Daniel Dubrovsky,
Strategist
Japanese Yen, USD/JPY, EUR/JPY, Technical Analysis, Retail Trader Positioning - Talking Points
Retail traders are betting on a continued decline in the Yen
Check out my webinar recording to learn more about IGCS
According to IG Client Sentiment (IGCS), retail investors are seemingly increasing their long exposure in Japanese Yen crosses like USD/JPY and EUR/JPY. IGCS is typically a contrarian indicator. This could signal more room for these pairs to fall ahead. For further analysis into the Yen and IGCS, where I discussed how you can use the tool in your own trading strategy, check out the recording of this week’s webinar above.
The Japanese Yen remains under pressure as retail traders seem to be maintaining a net-short bias in USD/JPY and AUD/JPY. But, recent signals seem to hint that their trends may slow.
GBPUSD Price Forecast: Either a New Phase of 15-Month Bull Leg or Reversal
2021-05-30 00:00:00
John Kicklighter,
Chief Strategist
GBPUSD, EURGBP, GBPJPY and GBPAUD Technical Forecast Talking Points:
GBPUSD is just below the midpoint of the range carved out over the previous 7 years with the smallest 8-day range since June 2019
A Sterling break seems a high probability in the proximate future (next few weeks) but broader market conditions will dictate timing
Among the Pound crosses, GBPJPY stands out as it ended this past week with a charge to a 5-year range high
Technical Forecast for British Pound: Bearish
There are plenty of markets with impressive technicals to draw upon, but few have the same density of consequential resistance and support as the British Pound crosses. However, the presence of these patterns and barriers does not ensure a critical break – much less follow through. The critical consideration in this technical potential is market conditions such as liqui
The Euro has been in a near-term uptrend since April, but momentum seems to be fading as retail traders increase upside exposure in EUR/USD. What are key levels to watch ahead?
Dow Jones, DAX 30 Forecast: Retail Traders Resume Selling, More Gains Ahead?
2021-05-26 04:30:00
Daniel Dubrovsky,
Strategist
Dow Jones, DAX 30, Technical Analysis, Retail Trader Positioning - Talking Points
Rising retail trader short bets in the Dow Jones and DAX 30 offer bullish signals
Dominant uptrends remain intact, but momentum could risk fading if prices rise
Check out the recording of the webinar on IGCS for an overview of the tool
In this week’s session on IG Client Sentiment (IGCS), which is a tool to gauge retail trader positioning, I discussed the outlook for the Dow Jones and DAX 30. IGCS is usually a contrarian indicator. For detailed analysis, check out the recording of the session above, where I discussed how to use IGCS in a trading strategy. I also covered the fundamental outlook for the two indices.