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
Gold
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Hello there traders! The IG Client Sentiment outlook for $EURUSD is bearish while the forecast for $USDCAD is bullish. Join me later today at 1:00 GMT (in 2 hours) to learn more about how you can use this in your strategy here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702
  • $GBPUSD Daily Pivot Points: S3: 1.2728 S2: 1.2787 S1: 1.2816 R1: 1.2875 R2: 1.2904 R3: 1.2962 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • $USDJPY Daily Pivot Points: S3: 108.33 S2: 108.7 S1: 108.86 R1: 109.23 R2: 109.44 R3: 109.81 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Tomorrow's event risk include employment numbers out of Australia, German and Euro-Zone GDP Q3 readings, overnight rate decision from Banxico, and Fed Chair Powell will testify before the House Budget Committee $EUR $MXN $AUD $DXY https://t.co/2oJpJwij0q
  • DailyFX Sr. Currency Strategist @CVecchioFX is a long term macro trader. What is your #tradingstyle? Take the quiz and let us know in the comments! https://t.co/LPBOcS0Vtd https://t.co/GmxPPpX1Be
  • This tweet from last week is just as true today as it was then https://t.co/RPZp0xAF7C
  • $EURUSD Daily Pivot Points: S3: 1.0944 S2: 1.0981 S1: 1.0995 R1: 1.1031 R2: 1.1053 R3: 1.1089 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.28% 🇨🇭CHF: 0.31% 🇯🇵JPY: 0.18% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.05% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DMbCFCWxda
  • The People's Bank of China said the country's crypto solution - 'digital Yuan' - should have ‘controllable anonymity’. I may be reaching here, but I don't expect strong global uptake from the crypto community...
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 1.06% Oil - US Crude: 0.50% Gold: 0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/xdwa4LvTDp
AUDUSD Scalps in Play

AUDUSD Scalps in Play

2012-11-09 17:15:00
Michael Boutros, Technical Strategist
Share:

I have been aggressively scalping the AUDUSD setup highlighted in yesterday's scalp report. While we maintain our broader bearish outlook, today's rebound in risk ahead of the US open warrants action against 1.0360 with intra-day long scalps in play throughout the US trade session. Look for the advance to offer favorable short entries early next week as we move deeper into November trade. Our broader outlook still remains weighted to the downside against the monthly high at 1.0480 with only a break above this level invalidating our directional bias. For a complete technical outlook including charts and intra-day scalp targets, refer to the AUDUSD Scalp Report.

Interesting setups have also emerged in the EURUSD, EURAUD, EURJPY and CADJPY as the market trades into some key support levels heading into the close of the week. To follow the progress of these setups and more, refer to my StockTwits chart stream.

---Written by Michael Boutros, Currency Strategist with DailyFX.com

To contact Michael email mboutros@dailyfx.com or follow him on Twitter @MBForex

To be added to Michael’s distribution list Click Here

Introduction to Scalping Strategies Webinar

Beginner Fibonacci Expo Presentation

New to FX Trading? Watch this Video

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

DISCLOSURES

News & Analysis at your fingertips.