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EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
IBEX 35 Forecast: Price Consolidates as European Equities Struggle to Keep Up
2021-01-20 10:30:00
EURUSD and S&P 500 Reversal Stalls as Markets Navigate China GDP, Inauguration, Earnings
2021-01-20 06:00:00
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices
2021-01-20 06:00:00
Crude Oil Latest: Trend Higher Still in Place Despite IEA Cutting Forecast For Demand
2021-01-19 13:30:00
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Dow Jones Up on Yellen Stimulus Push; Hang Seng and ASX 200 May Climb
2021-01-20 01:30:00
Dow Jones Price Outlook Tied to Earnings as Netflix Soars on Subscriber Beat
2021-01-19 21:00:00
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Gold Prices Rise to Critical Resistance on Inauguration Day
2021-01-20 12:00:00
Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices
2021-01-20 06:00:00
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
British Pound (GBP) Latest: Trend Higher Intact, UK Inflation Above Expectations
2021-01-20 09:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, NZD/USD
2021-01-19 20:40:00
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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Real Time News
  • The US Dollar is strengthening again today, with the $DXY above 90.50, after falling to a weekly low around 90.275 early this morning. $USD https://t.co/gseQbAE3hY
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.37% 🇬🇧GBP: 0.23% 🇨🇦CAD: 0.21% 🇯🇵JPY: 0.08% 🇪🇺EUR: -0.23% 🇨🇭CHF: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/woUb2668mr
  • Heads Up:🇨🇦 Inflation Rate MoM (DEC) due at 13:30 GMT (15min) Expected: 0% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Heads Up:🇨🇦 Inflation Rate YoY (DEC) due at 13:30 GMT (15min) Expected: 1% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Heads Up:🇨🇦 Core Inflation Rate YoY (DEC) due at 13:30 GMT (15min) Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-01-20
  • 🇺🇸 MBA Mortgage Applications (15/JAN) Actual: -1.9% Previous: 16.7% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Want to take your bitcoin trading a top notch? Get your free guide here.https://t.co/00I3lH90OD #DailyFXGuides https://t.co/qX4jP0XAig
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 67.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/xiQq6K9xPD
  • Heads Up:🇺🇸 MBA Mortgage Applications (15/JAN) due at 12:00 GMT (15min) Previous: 16.7% https://www.dailyfx.com/economic-calendar#2021-01-20
  • If at first you don't succeed..... https://t.co/TrZI7tJ3KP
Buying EURUSD dips as we hold lows

Buying EURUSD dips as we hold lows

David Rodriguez, Head of Product

I like buying EURUSD dips as SSI shows traders remain aggressively short, the current ratio stands at a substantial -1.84. There are 1.84 traders short for every one long, and the trend favors further gains.

I'm currently long from market (1.3263 at time of entry), stop below the morning's high at 1.3240, initial profit targets at range highs near 1.3290. If I get stop I'll likely re-enter.

-- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive David's reports via e-mail, send an e-mail message to drodriguez@dailyfx.com with subject line "Distribution list".

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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