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
Bearish
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
Wall Street
Bullish
Gold
Mixed
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
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.97%, while traders in US 500 are at opposite extremes with 76.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/eogHeMBgyJ
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/XOTxEejF5O
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.62% Gold: -1.24% Silver: -3.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lBG9B5iYSk
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.19% 🇳🇿NZD: 0.19% 🇨🇭CHF: 0.06% 🇪🇺EUR: -0.04% 🇬🇧GBP: -0.08% 🇯🇵JPY: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/jOgEIxjTiT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 0.85% Germany 30: 0.84% FTSE 100: 0.65% Wall Street: 0.23% US 500: 0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/CIkPYnBu5L
  • #Gold prices are sinking, dipping back below the $2k/oz figure as inflation expectations continue to ease following Friday's US jobs data. The report showed faster job creation and higher wage growth, cooling Fed stimulus bets
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/D5upwqIsgB
  • 🇬🇧 Claimant Count Change (JUL) Actual: 94.4K Expected: 10K Previous: -28.1K https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇬🇧 Employment Change (MAY) Actual: -220K Expected: -288K Previous: -126K https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇬🇧 Average Earnings excl. Bonus (JUN) Actual: -0.2% Expected: -0.1% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-08-11
AUD/USD Begins Session In Range

AUD/USD Begins Session In Range

2016-08-03 11:12:00
Walker England, Forex Trading Instructor
Share:

Talking Points

  • AUD/USD Opens In a 86.8 Pip Range
  • AUD/USD Bullish Breakouts Begin Over .76927
  • If you are looking for Forex trading Ideas, check out our Trading Guides.

The AUD/USD has started trading this Wednesday consolidating in an 86.8 pip pivot range. This range is defined by support at the S3 pivot, found at a price of .75626. While resistance is found at the R3 pivot at a price of .76494. Traders will be watching today’s ISM numbers to provide direction for US Dollar based pairs. Expectations for the event are set at 55.9, and outstanding any surprises the AUD/USD may continue to range for the remainder of the session.

In the event of a price breakout, traders should continue to monitor today’s R4 and S4 pivot. Bullish breakouts may begin over the R4 pivot, found at .76927. While bearish breakouts may begin beneath the S4 pivot, found at .75193. In either scenario, traders may extrapolate a 1X extension of today’s 86.8 pip range to find initial breakout targets.

AUD/USD 30 Minute

AUD/USD Begins Session In Range

(Created by Walker England)

The ratio of long to short positions for the AUD/USD stands at -1.17. This SSI (speculative sentiment index) reading is relatively flat, but does have a slight bias towards a further advance in price for the AUD/USD. In the event that the pair breaks reverses lower, traders should look for SSI to flip to a positive reading. Alternatively in the event of bullish breakout, traders should look for SSI to move to a negative extreme of -2.0 or greater.

AUD/USD Begins Session In Range

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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

DISCLOSURES

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.