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
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
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Gold’s progress blocked for now. Inflation data, US Treasury auctions on deck. Get your $XAUUSD market update from @nickcawley1 here:https://t.co/SfE73NXvWk https://t.co/qsWdkiEFfB
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.11% Gold: -0.61% Silver: -1.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5LrVYL4vZl
  • Heads Up:🇨🇦 Business Outlook Survey Indicator (Q1) due at 14:30 GMT (15min) Previous: 1.3 https://www.dailyfx.com/economic-calendar#2021-04-12
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.82%, while traders in France 40 are at opposite extremes with 76.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ejfY0hE9tG
  • ECB holdings under PEPP rose by EU17.1B in week ended April 9th. #ECB $EUR
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.11% Gold: -0.47% Silver: -0.81% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/PF2xXX4MTU
  • US Dollar Index (DXY) slowly working its way lower towards next level of support. Get your $USD market update from @PaulRobinsonFX here:https://t.co/z3VtBpKL7J https://t.co/zXGIad1jSk
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.09% Germany 30: 0.06% US 500: -0.16% Wall Street: -0.18% FTSE 100: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tBZqKf1RaO
  • $USDCHF fell to an intraday low around the 0.9230 level today, hitting a fresh three week low. The pair rose to its highest level since July in early April before turning back downwards amidst increased US Dollar weakness. $USD $CHF https://t.co/7aHWGea4Ta
  • $WTI Crude Oil hit its highest point in nearly a week this morning, rising to trade at the 60.00 level for the first time since last Tuesday. Oil has struggled to move higher in April after hitting pandemic highs in early March. $OIL $USO https://t.co/kblvNhNIEU
Trading Double Tops/Double Bottoms

Trading Double Tops/Double Bottoms

Thomas Long, Course Instructor

Instructor's Response:

It might have, but this top was an all-time high which is not a good place to be selling. On the way up to all-time highs you will see many potential double tops that turn out to be just a good buying opportunity as the market continues to move up. I prefer to trade these formations with the trend. Here is more:
 

DailyFX - Chart Patterns and the Trend

top

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

DISCLOSURES