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
Bullish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
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
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
More View more
Real Time News
  • Another run higher in the USD to session highs (90.57), weekly high at 90.60 - AUD/USD testing 0.78 - USD/JPY printing fresh YTD highs
  • 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/BH6Eka6RKG
  • 🇵🇱 GDP Growth Rate QoQ Final (Q4) Actual: -0.7% Expected: -0.7% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • 🇵🇱 GDP Growth Rate YoY Final (Q4) Actual: -2.8% Expected: -2.8% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.61%, while traders in GBP/JPY are at opposite extremes with 72.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/b3tuV7OapN
  • Heads Up:🇵🇱 GDP Growth Rate QoQ Final (Q4) due at 09:00 GMT (15min) Expected: -0.7% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇵🇱 GDP Growth Rate YoY Final (Q4) due at 09:00 GMT (15min) Expected: -2.8% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.45% Oil - US Crude: -0.87% Silver: -2.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/cXgU6a33I1
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/7BRNW3EIH4
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇨🇭CHF: 0.02% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.32% 🇦🇺AUD: -0.45% 🇬🇧GBP: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/M9jiOV7Box
A Sideways Market

A Sideways Market

Richard Krivo, Trading Instructor

The other day in one of our LIVE Trading Webinars the question came up about what exactly is a “sideways market”.

Take a look at the chart below for a visual…

A_Sideways_Market_body_sideways.png, A Sideways Market

When the pair has been regularly trading between the same level of support and the same level of resistance for a period of time and not establishing new highs or lows, the market is said to be moving “sideways”.On the chart above, the Support and Resistance levels are clear…the top of the rectangle is resistance and the bottom of rectangle is support. As price action oscillates between them, it is moving in a sideways fashion. Another term for this would be a Range and range trading is a widely used trading strategy.Simply stated, in a range a trader would buy the pair at support with a stop just below the support line and “ride” the trade up to resistance which is the top of the range. The long (buy) trade would then be closed and a short (sell) position with a stop just above resistance would be established when price action broke below resistance. Then that short trade would be in place until support was hit and then that position would be closed.

Note: Since this AUDNZD pair has broken out of the Range, this would indicate a bullish bias on the pair.

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

DISCLOSURES