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
Subscribe
Please try again
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
Mixed
Wall Street
Bearish
Gold
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
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.18%, while traders in GBP/USD are at opposite extremes with 66.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4EbJyF3G82
  • President Biden: I see room for a compromise on infrastructure bill $USD
  • President Biden: - I have lifted restrictions on the transportation of fuel - I expect good news from Colonial Pipeline in the next 24 hours
  • I tend to bring this up every couple of years, but the SF Fed has a 'Chair the Fed' game (https://t.co/4nMYPgiNQW) where you can make policy decisions through hypothetical economic scenarios. I wonder what the game's algorithm would say about our current situation...
  • Gold's weekly price chart has worked itself into a bit of a bull flag accompanied with a MACD crossover. Will we finally see $GLD snap its downtrend? Read more - https://www.dailyfx.com/forex/market_alert/2021/05/12/Gold-Price-Forecast-Can-Gold-Stage-a-Major-Breakout.html?ref-author=phanks&QPID=917701&CHID=9 https://t.co/1ry5JQTsKI
  • ...and before you say "this already happens" (natural skeptics) or "central banks are just focusing on the economy"; if the market's believe it, they will respond accordingly. And, what happens when markets start to fall uncontrolled and markets realize the Fed can't stop it
  • The Nasdaq is going to be looking over the ledge tomorrow on the open tomorrow. What's the likelihood that the Fed is going to do another 'inflation is transitory' roadshow? If the markets start to genuinely believe the central bank is attempting prop the markets up...dangerous. https://t.co/44pbF9w49t
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.01% US 500: 0.01% Germany 30: -0.43% FTSE 100: -0.58% France 40: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ooxGN9fkOW
  • The Dow is down nearly 2% and testing its 50-day moving average for the first time since March Much farther and the index's rising trendline from March 2020 comes into play just north of 33k https://t.co/BZmvexbwmk
  • Colonial Pipeline not planning to pay ransom for now - Washington Post via BBG
Find the Markets Prevailing Trend [Webinar]

Find the Markets Prevailing Trend [Webinar]

Walker England, Forex Trading Instructor

Talking Points:

  • Finding Market Direction is Imperative for Technical Traders
  • Moving Averages, PSAR, Price Action, and Sentiment are all Convenient Tools
  • OnceMarket Direction is Identified, Traders May Plan New Market Entries
  • New to trading? You may enjoy our trading guides

Finding the trend is arguably one of the most important steps every technical trader must tackle in their trading. Unfortunately deciphering the market isn’t always as easy as saying “prices are rising or falling”. During today’s webinar event we worked on identifying the trend using a series of technical trading tools and tactics. This includes using readily available charting tools such as moving averages and Parabolic SAR. Traders not con comfortable with indicators may also use simple price action methodology or sentiment fugues like SSI in their analysis.

Interested in Joining Our Analysts, Instructors, or Strategists For a Free Webinar? Register Here

With so many options to choose from, it is imperative to pick a methodology that works for you. That means picking out a method that you will feel comfortable using repeatedly. Once this step is finalized, traders may then proceed to develop their trading plan by next planning their entries in the direction of the established trend!

--- Written by Walker, Analyst for DailyFX.com

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

See Walker’s most recent articles at hisBio 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