We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
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
GBP/USD
Bearish
USD/JPY
Mixed
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/Qpujtb2z8I
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: 0.01% Silver: -0.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pwFdAnZnr8
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.07% 🇪🇺EUR: -0.12% 🇨🇦CAD: -0.30% 🇯🇵JPY: -0.69% 🇦🇺AUD: -0.73% 🇳🇿NZD: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aqhg9QbhXp
  • GBP/USD Eyes A Downside Break, Watch This Price - GBP vs USD Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2020/02/20/GBPUSD-Eyes-A-Downside-Break-Watch-This-Price--GBP-vs-USD-Forecast-MK.html https://t.co/gvsS6RX5DT
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.09% US 500: -0.10% France 40: -0.12% Wall Street: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/V2M6TitV2O
  • ECB's De Guindos says the Euro Area economy still needs strong support from monetary policy measures $EUR
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/SexVTCpgJ2
  • Russia's Novak does not state if Russia will support deeper oil output reductions #OOTT
  • 🇬🇧 GBP Retail Sales Ex Auto Fuel (YoY) (JAN), Actual: 1.2% Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-02-20
  • The spread of #coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable. Get your market update from @DavidCottleFX here: https://t.co/0If0Jw7c2P https://t.co/KEWY1dET4m
Jamie's Pick: 02/04/11

Jamie's Pick: 02/04/11

2011-02-04 15:56:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

The EURUSD has broken 13570, which confirms the intraweek reversal. The 13456-13538 area is possible support (20 day average in the zone as well at 13500). It is possible that the drop from the top is nearing a completed 5 waves but I wrote yesterday that “if this is indeed a 3rd wave decline at multiple degrees of trend, then the severity of the drop will be breathtaking.” In other words, be careful about expecting corrections in 3rd waves as 3rd waves are often linear affairs. In the event of a correction, initial resistance would be 13680.

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

DISCLOSURES

News & Analysis at your fingertips.