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
Oil - US Crude
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
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:


Thomas Long, Course Instructor

The first step is to identify the direction of the trend on the daily chart and the next step is to find your trade in that same direction, either on the daily chart or on the 4-hour or hourly chart. I think that by only trading the strongest trending markets, you increase your chance of success on the trade by trading in that same direction. There are an unlimited number of ways to identify that entry and certainly our course is filled with many examples. Another choice would be to use the Trading Signals found in DailyFX+. They offer specific entry and protective stop levels to help those traders who may not have an approach that they are comfortable with. But the first step is in finding the strongest trending markets and that is what we intend on doing in this thread. The next step is is identifying the entry in the direction of the trend and using the Trading Signals in DailyFX+ is one of the resources available for live clients at FXCM.

The first trending pair this week is the EUR/USD. A new 4-year low was printed this morning which confirms the strong downtrend. But it is the series of lower highs and lower lows since the beginning of the year that is the reason that this pair has been identified as a strong downtrend. I would continue to look for selling opportunites as long as the pair remains below the 1.26711 low of May 21st.

eurusd 0607

If you would like to find out more about the Trading Signals at DailyFX+, here is a link to a video with an explanation of this resource:

Trading Signals at DailyFX+


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