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
Bearish
GBP/USD
Mixed
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
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • #Gold: As fear began to show around the growing #Coronavirus in China, and the potential for it to spread, buyers came back to the bid to push prices higher. Get your $gld technical analysis from @JStanleyFX here: https://t.co/bNDG6xuQoe $XAUUSD https://t.co/jO8fsd3v2v
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 1.58% Gold: 0.70% Oil - US Crude: -2.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3BDIjc9UaY
  • The $SPX is slipping to a new low for the week. Let's see if we make a bid for floor of the past three months' channel https://t.co/57yDnPkoXX
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇨🇦CAD: -0.16% 🇨🇭CHF: -0.24% 🇪🇺EUR: -0.28% 🇦🇺AUD: -0.40% 🇬🇧GBP: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/KE5mZDEgDC
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: -0.02% Germany 30: -0.04% Wall Street: -0.36% US 500: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MPK0S7IVYX
  • US 10-Year yield falls below 1.70% to test December lows https://t.co/l5liuTnY2z
  • RT @HuXijin_GT: Forbidden City announced Thursday to close over fear of coronavirus, followed by other museums nationwide. Beijing cancelle…
  • Canadian #Dollar Price Outlook: $USDCAD Bulls at Risk- #Loonie Weekly Trade Levels - https://t.co/17whXkzrb5 https://t.co/eWodvVeuxS
  • The Kiwi has erased earlier gains driven by the 0.1% beat on 4Q inflation data. $NZDUSD respecting the technical resistance level I outlined yesterday using its overnight implied volatility trading range. https://t.co/gYV0b5OFxK https://t.co/28gm6fpUwL
  • $EURUSD may have finally broken the support that it needed to in order for it to gain some momentum. The trend-line off the October low was broken decisively Get your EUR/USD technical analysis from @PaulRobinsonFX here: https://t.co/nZAHrHZler https://t.co/9so7jK5CB6
Jamie's Pick: 03/16/12

Jamie's Pick: 03/16/12

2012-03-16 13:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

From last night -

"Similar to the AUDUSD, a 4th wave interpretation of the decline from 8470 is valid. The combination of support from the Elliott channel / 38.2% retracement of the rally from 7460 and daily key reversal (today) portend a bullish resolution in the coming weeks. Supports are 8175, 8145 and even 8110. The next few days are vulnerable to choppy conditions, if for no other reason than to clear a market saturated with weak hands that chased US session strength (on Thursday). ). If the presented count is correct however, then this is one the best buying opportunities of the year. KEEP RISK TO 8060 as failure of the bullish structure would probably trigger sharp losses." Pattern from yesterday’s low may compose waves 1 and 2 of the larger degree 5th wave. This is an aggressive count but reward/risk is highly favorable for bulls against 8175.

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES

News & Analysis at your fingertips.