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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.40%, while traders in GBP/JPY are at opposite extremes with 73.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OIQdmAonim
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.32% 🇬🇧GBP: -0.32% 🇦🇺AUD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2OP175Fhnt
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  • 🇯🇵 Housing Starts YoY (JAN) Actual: -3.1% Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EaIy6SLijZ
  • Heads Up:🇯🇵 Housing Starts YoY (JAN) due at 05:00 GMT (15min) Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Australian Government Bond Yields: 2-Year: 0.097% 3-Year: 0.092% 5-Year: 0.953% 10-Year: 1.834% 15-Year: 2.182% 30-Year: 2.807% - BBG $AUDUSD
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/VqpwRSxkHS
  • Wall Street Futures Update: Dow Jones (-0.07%) S&P 500 (-0.01%) Nasdaq 100 (-0.31%) [delayed] -BBG
  • Time-cycle analysis suggests that the Japanese Yen could slide significantly lower against its major counterparts. Key levels for AUD/JPY, EUR/JPY and GBP/JPY. Get your market update from @DanielGMoss here:https://t.co/WPq4Z9zzEw https://t.co/gz1bAgz2o4
EUR/AUD

EUR/AUD

Thomas Long, Course Instructor

This is really a great example of why trend trading is so popular in the FX markets. This pair hasn't been this low since 2001 which is as good as it gets for confirmation of a strong downtrend. I would continue to look for selling opportunities as long as the pair remains below the 1.5949 sell side high of February 4th.

eurusd

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

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