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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Wall Street
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
  • The FTSE is turning lower from big spot of resistance. Testing channel structure off the February low. Get your market update from @PaulRobinsonFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.57%, while traders in France 40 are at opposite extremes with 70.12%. See the summary chart below and full details and charts on DailyFX:
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD
  • Bitcoin continues to trade within a defined support and resistance band. Rates markets awash with speculation as yield curve flattens. Get your market update from @WVenketas here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Silver: 0.23% Gold: 0.04% View the performance of all markets via
  • Wall Street IG Client Sentiment: Our data shows traders are now at their most net-long Wall Street since Oct 30 when Wall Street traded near 26,509.50. A contrarian view of crowd sentiment points to Wall Street weakness.
  • US want nuclear deal before Iran President Inauguration - Axios
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.05% 🇪🇺EUR: -0.23% 🇨🇭CHF: -0.39% 🇦🇺AUD: -0.64% 🇬🇧GBP: -0.75% 🇳🇿NZD: -0.90% View the performance of all markets via
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.27% Germany 30: 0.23% France 40: 0.22% US 500: -0.94% Wall Street: -1.15% View the performance of all markets via
  • EUR/USD trades to a fresh monthly low (1.1867) as it extends the series of lower highs and lows following the Federal Open Market Committee (FOMC) interest rate decision. Get your $EURUSD market update from @DavidJSong here:
3 Reasons AUD/USD Could Be a Sell

3 Reasons AUD/USD Could Be a Sell

Rob Pasche, Forex Trading Instructor

Talking Points:

  • AUD/USD has had increasing volume during its downtrend
  • Speculative Sentiment (SSI) for AUD/USD is +2
  • AUD/USD could break key support

For the last couple of weeks, it seems like the US Dollar has been strengthening against all other currencies. We’ve seen both breakout trading and trend trading setups as volatility has increased in the market as well. A good example of a potential trade setup can be seen currently with the AUD/USD. Today, we look at 3 reasons the Aussie could be a selling opportunity.

AUD/USD Volume Has Increased - Bearish

With the recent addition of the Real Volume indicator as an available add-on to Trading Station Desktop, I’ve been watching volume during trends to find confirmation. It is a very simple tool to use. All we need to see is increasing volume traded during a trend to confirm the trend’s strength.

In the case of the AUD/USD, we have seen 5 consecutive bearish candles accompanied by an increase in Daily trading volume. So not only do we have a pair with a clear downward trajectory, we also are seeing a lot of participation in the move. This increase in volume legitimizes the move and increases the likelihood that the trend could continue. Thus, a potential opportunity to sell the AUD/USD.

Learn Forex: AUD/USD Downtrend with Increasing Volume

3 Reasons AUD/USD Could Be a Sell

(Created using Marketscope 2.0 charts)

AUD/USD Sentiment is Positive - Bearish

I love analyzing retail sentiment. It is my favorite tool and I believe it turned my trading career around. So I always look to see what sentiment is doing before a trade is placed. For members of, we can see SSI updated two times a day. The chart below displays the SSI for AUD/USD as it compares to the AUD/USD’s actual price.

Learn Forex: AUD/USD Speculative Sentiment Index (SSI) - Positive

3 Reasons AUD/USD Could Be a Sell

(Screen capture from

Sentiment oftentimes has an inverse relationship with price. So, if we see positive SSI, price tends to move lower. We have seen mostly positive SSI for the AUDUSD over the last couple of years alongside some major price declines. If this pattern continues, we could see AUD/USD move considerably lower with the latest stretch of positive retail sentiment.

AUD/USD Could Break Support - Bearish

Lastly, I wanted to bring readers attention to the major support level that the AUD/USD is hitting today. Using lines parallel to previously drawn trend lines, we can project a potential support level around 0.9030. It is very possible that the Aussie could bounce off this support level and move higher, but if we see the daily candle close below this trend line, it could give us an opportunity to sell.

Learn Forex: AUD/USD is Close to Breaking Support

3 Reasons AUD/USD Could Be a Sell

The chart above shows our trend lines drawn on a Daily chart. At the time this article was written, price was sitting right on top of this key 0.9030 level. If we see the AUD/USD below 0.9030 near trading close this afternoon, it could be an opportunity to sell and ride the trade over the weekend. Our intention would be to hold this position long term which would mean keeping trades open over the weekends anyway.

Selling Down Under (Support)

The key to this trade is waiting to see if price will close below support today or early next week. Sentiment and volume are both pointing towards a lower AUD/USD so we just need to be patient until we can technically justify selling this pair. But as always, perform your own due diligence before placing any trades on your own account. Also, feel free to utilize a demo account to practice trading risk-free before trading with real money.

Good trading!

---Written by Rob Pasche

Start your Forex trading on the right foot with the Forex Fast-Track Webinar Series. This 4-part, live webinar course is the disciplined Traders’ Fast-Track to the Forex Market. Topics include:

  • Using FXCM’s award-winning trading platform
  • Calculating Leverage and reducing risk
  • Trading with a simple (yet effective) trading strategy
  • Maintaining for Forex account and enrolling in on-going education

This course is completely free, so sign up or watch on-demand today.

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