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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
More View more
Real Time News
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
EURO Strength Could Accelerate

EURO Strength Could Accelerate

Jeremy Wagner, Trading Coach,

The EURUSD has been on a choppy rise towards the late 2010 highs of 1.4280. It has been choppy for those traders going long because of the occasional sell of spooking them. It has been frustrating for those traders going short because of net progress up the charts, too.

What do the charts say about the price movement?

EURO_Strength_Could_Accelerate_body_Picture_2.png, EURO Strength Could Accelerate

Let’s pick up some clues from the charts. First of all, the blue and gold waves are equal in length. This is a clue that the down move in November & December 2010 is a corrective move that is likely to be completely retraced. This means prices are likely to break above 1.4280.

How high could prices move?

EURO_Strength_Could_Accelerate_body_Picture_1.png, EURO Strength Could Accelerate

Zooming out to a weekly chart, we are a couple hundred pips away from significant resistance. The 78.6% retracement level is near 1.4440. Additionally, the length of wave C = 0.618 X wave A = 1.4350. If SSI begins to turn net positive on bullish sentiment, then a resumption of the long term bear trend would look enticing. Therefore, a reasonable zone to expect a resumption of the longer term down trend may be 1.4350 – 1.4450.

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