FXCM/DailyFX Signals and Strategies

EUR/USD traders remain net short ahead of tomorrow's emergency meeting of eurozone finance ministers.

http://i.imgur.com/LxmTPIA.jpg

David Song gives his outlook on the EUR/USD and USD/JPY ahead of the EU meeting.

The US Dollar seems to be gaining some momentum as the Dow Jones FXCM US Dollar Index is setting a new 11-year high.

http://i.imgur.com/sESUbst.jpg
*Past performance is not indicative of future success

The Dow Jones FXCM US Dollar Index measures the value of the dollar versus the JPY, GBP, AUD, and EUR. Here's where you can learn more about how it works http://www.fxcm.com/uk/markets/dolla...0000000MxhrAAC

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

https://media.dailyfx.com/illustrati...Picture_15.png

Sharp shifts in forex trader sentiment warn that the US Dollar is likely to offer range-trading opportunities versus the Euro and Yen.



The Speculative Sentiment Index (SSI) is reported every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.

i love Daily fx because their service is awesome thanks for posting this video...

------------------SIGNATURE-----------------------
Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/

Retail Crowd Remains Net-Short EUR/USD- GBP Retains Bullish Momentum

FXCM Open House 2015

FXCM is hosting an Open House for a limited time so that you can test our best products and resources for yourself with no commitment at all. We want you to see the advantages of being with FXCM, and were going to do that by letting you test-drive our most popular trading resources for yourself. Access Now.

DailyFX on Demand - The Ultimate Trading Room

For active traders, DailyFX on Demand is the ultimate trading room. This premium service provides forex and CFD traders fundamental and technical analysis. It includes access to four market sessions per day covering the most active periods in the market in which an analyst, instructor or strategist covers economic announcements, data prints and price movements as they happen. Moreover the most popular feature of DailyFX on Demand is when instructors give traders real-time feedback on questions and setups based on prevailing market conditions. Access Now.

Trading Courses

For traders who want to take their education to the next level, the 360 Course was introduced to help traders grasp the entirety of the market. It concentrates on the most important factors of technical and fundamental analysis, and teaches the process of 'probability-based' trading which is centered on risk, trade and money management. After taking the program every week you have access to a webinar conducted by a trading instructor constantly teaching the same lessons from the course in real market conditions. Access Now.

MetaTrader 4, Trading Station & More Trading Apps
To make traders' lives easier, FXCM offers customized apps to maximize their trading experience. FXCM apps include more than 600 indicators for MetaTrader 4 and Trading Station platforms, trading charts and real-time news. FXCM is offering a special promo code worth$500 for FXCM-designed indicators, market tools and automated strategies. Visit FXCM Apps and use Promo Code: openhouse

Tools to Trade Webinar Series
FXCM is offering a series of webinars that highlight some of the major trading tools and how they can bring value to a client's trading approach. Now for a limited time, anyone can join these exclusive webinars to learn how to put these top trading services to work. To register view Event Schedule.

These services are normally reserved for FXCM's Active Trader Group clients, but for a limited time will be free for all to access to these powerful tools.

In light of the emergency Eurogroup meeting surrounding Greece's, please be aware of the risk for gapping over the weekend when trading opens on Sunday. We have seen multiple examples over the years of major market events occurring over the weekend such as the Cyprus bail-in in March of 2013 that caused major volatility at the start of trading. The current bailout arrangement for Greece expires on February 28 giving any rumors or announcements concerning Greece the potential to cause large amounts of volatility.

Be mindful of your Euro positions as we head into the weekend, managing that risk.

Here's a strategy video from John Kicklighter discussing EUR/USD and Greek events.

Forex Technical Focus 2/24/2015

 

1. USDOLLAR finds slope resistance
2. Look to USDJPY for a bearish opportunity

Scalping AUD/USD Opening Range Break- 7850 Support

AUD/USD Daily

https://media.dailyfx.com/illustrati...3.png.full.png

1. AUD/USD breaks weekly/monthly opening range
2. Now testing confluence resistance into the 79-handle
3. Breach targets objectives at 7938 / September TL & 8022/38

Full scalping report by Currency Strategist Michael Boutros on DailyFX.com

EUR/USD appears to have broken below it's month-long range and at the same time SSI is very close to flipping from net short to net long:

http://i.imgur.com/EGFREbI.png

SSI Real-Time Positioning Data for EUR/USD

http://i.imgur.com/fl6eW7K.png

You can view real-time SSI positioning data in DailyFX on Demand. Access to DailyFX on Demand is now free for a limited time during the 2015 FXCM Open House.

Sharp Shift in Sentiment Warns of British Pound Weakness

The Speculative Sentiment Index (SSI) is reported Every Thursday at DailyFX.com and twice every trading day at DailyFXplus.com

The ratio of long to short positions in the GBP/USD stands at 1.67 as 63% of traders are long. Yesterday the ratio was 1.21; 55% of open positions were long. Long positions are 12.5% higher than yesterday and 15.2% above levels seen last week. Short positions are 18.3% lower than yesterday and 16.6% below levels seen last week.

https://media.dailyfx.com/illustrati...Picture_10.png

We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBP/USD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

With only a little over an hour left until the close of trading for this week, here's what you can look forward to next week...NFP, 4 central bank rate decisions and more!

http://i.imgur.com/nOmExOb.png

Don't forget to take advantage of the 2015 FXCM Open House before it ends.

Flip in Sentiment Points to Possible Top in USD/CAD

The Speculative Sentiment Index (SSI) for USD/CAD just flipped from net short to net long. Since SSI is a contrarian indicator, this points to a possible top in the pair.

http://i.imgur.com/I60aHt9.png

You can view real-time SSI positioning data in DailyFX on Demand. Access to DailyFX on Demand is now free for a limited time during the 2015 FXCM Open House.

EUR/USD Drops to 11-Year Low

EUR/USD has dropped below the 1.1100 level to a new 11-year low! The DailyFX Support & Resistance Wizard sees the next significant support level at 1.0970



The DailyFX Support & Resistance Wizard automatically adds the DailyFX list of support and resistance levels directly to your charts which can also help you identify trading breakouts.

DailyFX strategist James Stanley is hosting a webinar today at 1pm ET (18:00 GMT) discussing the use of the support/resistance wizard to search for breakouts and also how to access the wizard free for a limited time during the 2015 FXCM Open House which will soon come to an end. Webinar: Trading Breakouts - Support and Resistance identification

In his latest strategy video, DailyFX Chief Currency Strategist John Kicklighter discusses the importance of the upcoming ECB rate decision and it's potential impact on markets.

Talking Points:
• The ECB announced its QE program at its January meeting, but details were saved for this meeting
• A fresh 11-year low from EUR/USD Wednesday and jump in implied volatility shows this still moves markets
• This event is critical to the steady bearish trend on the Euro and EUR/USD



DailyFX analysts, instructors and strategists cover economic announcements, data prints and price movements as they happen in the Ultimate Trading Room at DailyFX on Demand which is now free for a limited time during the 2015 FXCM Open House.

The Euro losses continue to mount as EUR/USD drops below 1.1000 for the first time since 2003! Looking at the monthly candlestick chart for the past 15 years, one wonders how low this may drop.

http://i.imgur.com/ltUlowS.png

According to the weekly SSI report from DailyFX strategist David Rodriguez, positioning data indicates the Euro downtrend remains intact.

EURUSD The ratio of long to short positions in the EURUSD stands at 1.12 as 53% of traders are long. Yesterday the ratio was 1.38; 58% of open positions were long. Long positions are 7.7% lower than yesterday and 19.6% above levels seen last week. Short positions are 14.4% higher than yesterday and 17.1% above levels seen last week. Open interest is 1.6% higher than yesterday and 10.9% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURUSD may continue lower. The trading crowd has grown less net-long from yesterday but further long since last week.

Trader indecision makes it difficult to establish a firm trading bias, but the overall downtrend keeps our attention lower in the EURUSD.

http://i.imgur.com/ACpJxuO.png

Click http://www.dailyfx.com/forex/technic...0000000NbT3AAK for the full report

Trading Hours for Start of Daylight Savings Time in the US


Hi Everyone,

Daylight Savings Time will start in the US on Sunday, March 8th. That means the trading hours for CFDs that follow US market times will shift by one hour starting next week. I've highlighted the changes below in red.

http://i.imgur.com/mBg93Mx.png

Forex Trading Hours

In terms of New York Time, the trading desk will still open at 5pm on Sunday and close at 5pm on Friday as always. However, since New York Time will shift this weekend from GMT-5 to GMT-4, the trading desk hours will also shift by one hour in GMT terms. Starting next week, the trading desk will open at 21:00 GMT on Sunday and close at 21:00 GMT on Friday.

A special note for all MT4 clients on our New York Close servers

The time zone on our New York Close MT4 servers will change this weekend from GMT+2 to GMT+3. In this way, midnight on your MT4 charts will stay in line with the 5pm New York Close. If you have any EAs or indicators that use a GMT offset, please update them to GMT+3 this weekend.

StrongWeak signals point to GBP/CHF weakness

The StrongWeak* standalone app provides an easy-to-read interface showing the strongest and weakest major currency movers. It aggregates movements (gains and losses) of a base currency against all other major currencies. (Ex: If EUR/USD rose 50 pips yesterday, then EUR reads +50 and USD reads -50). This is calculated across all major pairs.

http://i.imgur.com/YUR7cUj.png

The app also shows the absolute strongest and weakest currencies for four timeframes (M15, H1, H4, D1) and shows the related currency pair. The latest readings show that CHF is currently the weakest currency and that GBP/CHF is the weakest pair on both hourly and daily charts.

* For a limited time, StrongWeak is free to download at FXCMapps.com as part of FXCM Open House 2015. The DailyFX analysts will be hosting a webinar this Tuesday at 10am New York Timethat will discuss how to analyze trading opportunities using this app.

Video: What are the Best Dollar, Euro and Risk Alternative Trend Setups?

In his latest video, DailyFX Chief Currency Strategist John Kicklighter discusses the following:

Talking Points

1. Analysis brings us to the highest probability trading scenarios, but sometimes markets surprise
2. It's important to be prepared for a change in market conditions with strong 'alternative scenario' trades
3. We look at trends of various conviction - risk, Euro and Dollar - and assess best alternatives

DailyFX analysts, instructors and strategists cover economic announcements, data prints and price movements as they happen in the Ultimate Trading Room at DailyFX on Demand which is free for a limited time during FXCM Open House 2015.

Euro at Potential Turning Point Ahead of FOMC Meeting

According to the latest Forex Correlations report by Quantitative Strategist David Rodriguez, "Retail FX Traders have Turned Heavily Short the EuroA Contrarian Signal that Price has Turned

https://media.dailyfx.com/illustrati..._Picture_4.png

"The risk of material volatility grows ahead of the highly-anticipated FOMC meeting for a clear reason: the correlation between the Euro, US Dollar, and interest rates trades near important highs."

Strong Link between European Yields, US Treasury Yields, and EURUSD Underlines Risk

https://media.dailyfx.com/illustrati..._Picture_3.png