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.

Free Trading Guides
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
More View more
Real Time News
  • The $JPY may resume a five-year rise against the New Zealand Dollar if prices make good on a Head-and-Shoulders pattern, pushing NZD/JPY toward 70.00. Get your market update from @ddubrovskyFX here: https://t.co/DXPkAjLoLp https://t.co/nyi5fDamr8
  • RT @RaoulGMI: Thanks Fitwit! Lots of great, smart ideas of playing the downgrades of BBB. The collective hive mind is truly incredible and…
  • transmissibility is increasing — news flow hasn’t been kind over the weekend — should be an interesting globex open #CoronavirusOutbreak https://t.co/UZYoZOQZ7V
  • The #Euro may be preparing to turn lower against the Japanese Yen, resuming a two-year downtrend and setting the stage for a decent below the 111.00 figure. Get your market update from @IlyaSpivak here: https://t.co/jtjJ1H2eRi https://t.co/epncUWJTSo
  • The $JPY has faded into 2020 as market risk appetite has held up and hit demand for haven assets. USD/JPY now challenges a key medium-term downtrend, but hasn’t topped it yet. Get your market update from @DavidCottleFX here:https://t.co/4X6vgCgkB7 https://t.co/bLWABxibOo
  • My pleasure! https://t.co/R7ArKNjCNO
  • The range in USD/CAD broke with aggression this week as CAD sellers pushed the currency after the Bank of Canada rate decision. Get your $USDCAD technical analysis from @JStanleyFX here: https://t.co/8oHoLLqvtR https://t.co/8ZXx6GbKAn
  • The $USD may fall against the Swedish Krona and Norwegian Krone if commentary from officials at the Davos forum uplift market mood and pressure haven-linked currencies. Get your market update from @ZabelinDimitri here: https://t.co/CPmNJSgHXY https://t.co/RdM0cbyfSf
  • The $AUD is pressuring four-month trend support against its US counterpart as sellers fight to reassert the dominant, long-term downtrend. Get your market update from @IlyaSpivak here:https://t.co/Bup64Arva9 https://t.co/CpraRXneTJ
  • The British Pound may fall as #Brexit commences, but will the Bank of England cut rates? The US Dollar could rise if the Fed spooks markets with plans to unwind repo operations $GBPUSD #BoE #GBP #Sterling - https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2020/01/26/British-Pound-May-Yet-Fall-on-Brexit-BoE-and-Fed-Are-Risks.html?CHID=9&QPID=917702 https://t.co/v39NsmOCwa
Guest Commentary: MarketVisionTV - Where can we re-enter our confident AUDUSD long?

Guest Commentary: MarketVisionTV - Where can we re-enter our confident AUDUSD long?

2012-03-19 15:00:00
Ed Matts MarketVisionTV.com,
Guest_Commentary_MarketVisionTV_Where_can_we_re-enter_our_confident_AUDUSD_long_body_AUD1903.png, Guest Commentary: MarketVisionTV - Where can we re-enter our confident AUDUSD long?

The Aussie has rallied strongly and constructively from a significant price compression below the 1.0440-70 confluence target area but above the key 1.0380 medium term pivot to suggest at least more consolidation but with potential for new highs outlined in the Daily perspective. We remain confidently bullish and long.

However, we have started to reduce longs slightly in the short term as it nears the previous 1.0670 high as our confidence stems partly what appears to be a five wave trend sequence up from 1.0420. So although obvious 1.0560 support may hold for 24 hours until Aussie clears 1.06780 then we will look to add longs on a spike back down to the 1.05 are the likely 61.8% retracement as it develops the right hand side of a possible inverse head and shoulders.., Our stops..well given Aussie's fondness of double bottoms in other words an unlikely possible retest of 1.0420 only a loss of 1.0380 removes the threat of a later break up to 1.0855 and higher.

Further Videos and Commentaries are available from www.marketvisiontv.com or @EdMatts on Twitter

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


News & Analysis at your fingertips.