James Stanley
James Stanley
Sr. Strategist
Expertise: Price Action, Macroeconomics
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US Dollar Snaps Back, USD/JPY Descending Triangle Breakdown
USD/JPY bears have gone to work over the past two weeks, holding a lower-high even as USD spiked last Friday. And then forcing a breakdown from the descending triangle formation to test below the 151.95 level.
Gold Price Forecast: Gold's 9-Month Streak at Risk into Month-End
Last week was the strongest weekly outing for gold since the regional banking crisis in 2023; but gold’s nine-month streak of gains is at risk as the metal finally pulled back in November.
Trump Bump Price Action Setups: Gold, Bitcoin, EUR/USD, SPX
It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.
Japanese Yen Outlook: USD/JPY Holding Critical Support for Now
USD/JPY set a lower-high last week even as DXY spiked up to a fresh two-year-high. And there’s now a short-term descending triangle formation setting up in the pair.
S&P 500 (SPX) Bounce from Top of Trump Gap Leads to Test II of 6k
SPX has a sizable gap sitting below current price action and the top of that zone came into play for four consecutive days, while remaining well defended by bulls ahead of this week’s test of 6k.
Euro Technical Forecast: EUR/USD, EUR/JPY Breakdowns
The Euro continued it’s Q4 descent against the US Dollar but it’s the recent build of bearish price action in EUR/JPY that’s of interest going into next week.
Canadian Dollar Technical Forecast: USD/CAD 1.4000 Test After 4-Year Highs
USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?
Euro Technical Outlook: EUR/USD Test II at 1.0500, EUR/JPY Breakdown
EUR/USD has taken a beating so far in Q4 but for the past week and the pair is testing the 1.0500 handle for a second time. For both Euro bears and Yen bulls, EUR/JPY could make for a more attractive argument for directional plays.
Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY
Yen weakness has hung around and USD/JPY and GBP/JPY both retain bullish appeal. But for those looking for Yen-strength, perhaps in anticipation of next month’s policy review from the BoJ, EUR/JPY could hold greater attraction.
Bitcoin Still the Big Election Winner, BTC/USD Fresh ATH as 100k Nears
The headlines around Bitcoin are already talking about the 100k level but first, bulls need to push above and gain acceptance at the 95k level.
US Dollar, EUR/USD React at Range Extremes as Gold Recovery Goes Higher
The US Dollar has finally found some resistance after filling the FOMC gap from last year, and that goes along with a EUR/USD bounce from the 1.0500 psychological level.