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.

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
Search results
No entries matching your query were found.
English Français 中文（繁體） 中文（简体）
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
News
Technical Levels: US Dollar, Euro, Sterling, Loonie, Gold & Bitcoin
2021-06-21 17:00:00
Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs
2021-06-21 13:30:00
Oil - US Crude
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
News
Gold, Crude Oil, Copper Forecast: Markets Recalibrating After FOMC Week
2021-06-22 04:00:00
Crude Oil Prices Rise as Iran Nuclear Talks Yield No Progress
2021-06-21 06:00:00
Wall Street
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
News
Dollar Breakout and Dow Collapse Starting to Pull Back on the Enthusiasm
2021-06-22 03:00:00
Stock Market Forecast: Amazon's Prime Day is Making Retailer History
2021-06-21 19:30:00
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
News
Gold, Crude Oil, Copper Forecast: Markets Recalibrating After FOMC Week
2021-06-22 04:00:00
Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb
2021-06-21 22:00:00
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
News
Dollar Breakout and Dow Collapse Starting to Pull Back on the Enthusiasm
2021-06-22 03:00:00
Technical Levels: US Dollar, Euro, Sterling, Loonie, Gold & Bitcoin
2021-06-21 17:00:00
USD/JPY
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
News
Technical Levels: US Dollar, Euro, Sterling, Loonie, Gold & Bitcoin
2021-06-21 17:00:00
USD/JPY Reverses Ahead of 2021 High with US PCE Price Index on Tap
2021-06-21 14:00:00
More View more
Real Time News
  • (Tech Special) Canadian Dollar Outlook: USD/CAD Surge Hits Obstacles, Where to Next? #CAD $USDCAD #Loonie #technicalanalysis https://www.dailyfx.com/forex/technical/article/special_report/2021/06/22/Canadian-Dollar-Outlook-USDCAD-Surge-Hits-Obstacles-Where-to-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/t4jCG9jNkO
  • Hang Seng Tech Index - Bullish MACD Convergence is forming - #HSTECH chart https://t.co/oy6GUjNqvG
  • 🇳🇱 Consumer Confidence (JUN) Actual: -3 Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-22
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/ZBGVwxip3g
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 87.34%, while traders in France 40 are at opposite extremes with 74.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aQ1Vgos6em
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.07% 🇯🇵JPY: -0.07% 🇨🇦CAD: -0.10% 🇨🇭CHF: -0.15% 🇳🇿NZD: -0.15% 🇦🇺AUD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ifGQz24uiW
  • Heads Up:🇳🇱 Consumer Confidence (JUN) due at 04:30 GMT (15min) Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-22
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.37% FTSE 100: 0.27% Germany 30: 0.26% Wall Street: 0.22% US 500: 0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FSBd3FRuSA
  • We have opened this week with a moderation of the extreme moves from the 2nd half of last week: Dow tumble leading risk aversion and Dollar rally. Fits general market conditions, but there is still potential. So what to do with key breaks like $USDCAD's? https://www.dailyfx.com/forex/video/daily_news_report/2021/06/22/Dollar-Breakout-and-Dow-Collapse-Starting-to-Pull-Back-on-the-Enthusiasm.html https://t.co/EpY8EgS4so
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/rOnWgIotlz
Currency Pairs are either Trending or Ranging

Currency Pairs are either Trending or Ranging

Richard Krivo, Trading Instructor

Student’s Question:I have heard that currency pairs are either ranging or trending. How does that look on a chart? Thanks.Instructor’s Response:Good question…After a currency pair has a trending move, it will generally “bounce around” testing a support level after a down trend or testing a resistance level after an uptrend. If the level in question holds, the price action can then begin a trending move in the opposite direction.Take a look at the historical chart of the USDCHF below…Initially we see the downtrend and we notice that it come to a halt at around the 1.1875 support level on this chart. It trades in range of about a 100 pips, tests support again and then begins a bullish trend to the upside.

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

DISCLOSURES

Related Articles

Trading Forex for a Living: Q&A with Trader Joel Kruger | Podcast
Trading Forex for a Living: Q&A with Trader Joel Kruger | Podcast
2019-11-14 14:07:00
Elliott Wave Analysis With Jeremy Wagner | Podcast
Elliott Wave Analysis With Jeremy Wagner | Podcast
2019-11-06 10:13:00
Financial Market Outlook Amid US-China Trade Talks | Podcast
Financial Market Outlook Amid US-China Trade Talks | Podcast
2019-10-24 08:26:00
How will Brexit affect the US? Economist Julian Jessop Answers | Podcast
How will Brexit affect the US? Economist Julian Jessop Answers | Podcast
2019-10-18 09:56:00
Advertisement