News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
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
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/7SXusrNOtH
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.08% 🇯🇵JPY: -0.13% 🇨🇦CAD: -0.14% 🇪🇺EUR: -0.25% 🇳🇿NZD: -0.28% 🇦🇺AUD: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wmhHLJysGa
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Final (Q2) due at 04:30 GMT (15min) Expected: -8.5% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇳🇱 GDP Growth Rate YoY Final (Q2) due at 04:30 GMT (15min) Expected: -9.3% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇯🇵 All Industry Activity Index MoM (JUL) due at 04:30 GMT (15min) Previous: 6.1% https://www.dailyfx.com/economic-calendar#2020-09-23
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.70% Germany 30: 0.42% France 40: 0.38% Wall Street: 0.35% US 500: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wjtAMSYONm
  • 🇹🇭 Balance of Trade (AUG) Actual: $4.35B Expected: $3.45B Previous: $3.34B https://www.dailyfx.com/economic-calendar#2020-09-23
  • 🇹🇭 Balance of Trade (AUG) Actual: $4.30B Expected: $3.45B Previous: $3.34B https://www.dailyfx.com/economic-calendar#2020-09-23
  • #Copper Price Outlook Remains Bullish Despite Shift in Risk Appetite #XCUUSD $HG https://www.dailyfx.com/forex/market_alert/2020/09/23/Copper-Price-Outlook-Remains-Bullish-Despite-Shift-in-Risk-Appetite.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/VvFm9ekfaB
  • 🇹🇭 Balance of Trade (AUG) Actual: $4.350B Expected: $3.45B Previous: $3.34B https://www.dailyfx.com/economic-calendar#2020-09-23
AUDUSD Scalps on Hold- CAD, EUR Comes into Key Resistance Range

AUDUSD Scalps on Hold- CAD, EUR Comes into Key Resistance Range

2012-11-19 20:18:00
Michael Boutros, Strategist
Share:

AUDUSD- The aussie bullish bias adopted at the close of trade on Thursday continued into the open of trade this week with the pair climbing back into the 1.04-handle. Although I did play a short-scalp off 1.0412 pivot level (former October High) for nearly 20pips, the pair remains at key levels and as such, we will maintain a neutral bias into the open of Asia Pacific trade.

Levels Highlighted in last week's Scalp Report

AUDUSD Daily Chart

AUDUSD Scalp Chart

USDCAD- Key Barrier at 1.0040 noted in last week's report did hold on Friday after a 16pip false break putting into view our primary objective cited this morning at 9945-9955 region (triggering in early US trade). The pair seems to have made a clean 5-wave advance off the September lows with a near-term rally likely to offer entries to press the correction lower. Long-term objective remains bullish above the 38.2% retracement (taking into account the Friday high) at 9894. An RSI trigger break lends further conviction to our near-term bias with a break below the 50-threshold likely to fuel declines into the 99-handle.

Updated Daily Chart

Updated Scalp Chart

EURUSD- The pair has moved into our "sweet spot" resistance level between the S1 monthly pivot and the 200DMA at 1.2794-1.2805 in early US trade and has held around this mark into the close of trade. A break of the daily highs puts into focus the range between 1.2842 (38.2$ retracement from the Sept high) and 1.2860 (61.8% Extension off the Sept Highs). Key Support still 1.2740- Broader bias remains bearish- near-term bias leaves room to 1.2860.

EURUSD Daily Chart

EURUSD Scalp Chart

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

To contact Michael email mboutros@dailyfx.com or Click Here to be added to his email distribution list

For updates on this setup and more follow him on Twitter @MBForex

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