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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.

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US Dollar Forecast: Sinking Despite Rising Inflation - Levels for DXY Index, USD/JPY
2021-04-13 15:27:00
EUR Technical Outlook: EUR/USD Short-term Chart Setting Euro Up for a Move
2021-04-13 12:30:00
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.

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Oil Price Outlook Hinges on US Output as OPEC Upgrades Demand Forecast
2021-04-13 19:00:00
Crude Oil Prices May Break Range on OPEC Update, US CPI Data
2021-04-13 06:00:00
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-04-13 20:00:00
Long DJIA on Reflation and Infrastructure: Q2 Top Trading Opportunities
2021-04-12 19:30:00
Gold
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
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Gold Price Forecast: Gold Drifts Towards Range Extremes– XAU/USD Levels
2021-04-13 16:45:00
US Dollar Drops, Gold Pops, S&P 500 Whipsaws on US CPI Rise
2021-04-13 13:00:00
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
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British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb
2021-04-14 03:30:00
US Dollar Forecast: Sinking Despite Rising Inflation - Levels for DXY Index, USD/JPY
2021-04-13 15:27:00
USD/JPY
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
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USDJPY Reversal Can Follow Risk and Yield Scenarios, Earnings Next SPX Spark
2021-04-14 03:00:00
US Dollar Forecast: Sinking Despite Rising Inflation - Levels for DXY Index, USD/JPY
2021-04-13 15:27:00
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  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/q3hRzYvE7n
  • Despite the rise in US inflation via CPI, the Dollar extended its slide. I'm dubious of the momentum there and the risk on response, but $USDJPY is well positioned for either outcome. Ahead, we have earnings, bank governors and the Senate discussing China https://www.dailyfx.com/forex/video/daily_news_report/2021/04/14/USDJPY-Reversal-Can-Follow-Risk-and-Yield-Scenarios-Earnings-Next-SPX-Spark.html https://t.co/2esFQsVuvx
  • To be fair, crypto is broadly rising (Bitcoin, Etherium, Litecoin, etc), but Dogecoin is pacing the masses. Perhaps Cuban has finally taken the market influence title from Musk https://t.co/nfjApyXNTT
  • RT @mcuban: FYI, the Mavs sales in @dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandis…
  • RT @FxWestwater: New Zealand Dollar Forecast: $NZDUSD Unscathed as #RBNZ Holds Course Link: https://www.dailyfx.com/forex/market_alert/2021/04/14/New-Zealand-Dollar-Forecast-NZDUSD-Unscathed-as-RBNZ-Holds-Course.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/5Qh0nRIKDa
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/BK1ezTva9R https://t.co/JcrxdRvyaX
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Silver: 0.31% Gold: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VrRa1mL8ge
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.15% 🇪🇺EUR: 0.07% 🇬🇧GBP: 0.03% 🇨🇭CHF: 0.02% 🇦🇺AUD: 0.01% 🇨🇦CAD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zQkfCDgAJQ
  • $NZDUSD just a touch lower after the #RBNZ rate announcement after policy settings were left unchanged https://t.co/i2BolXsSrE https://t.co/dxWNxNJ076
  • RBNZ: Less government bond issuance placing less pressure on yields, weekly changes in LSAP don't represent policy shift -BBG
Forex Trading: Trade the Expected EUR/JPY Range

Forex Trading: Trade the Expected EUR/JPY Range

Jamie Saettele, CMT, Sr. Technical Strategist

The EURJPY never traded through 12012 and dropped to 11765 this morning. Given the run since 11/13 (5 waves up), weakness may very well extend to the former 4th wave low at 11354. Estimated resistance is now 11855-11905 and the next potential support (on a break below 11765) is 11595 (1/2 high). I’ll be using the mentioned levels to trade the expected range.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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

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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.

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