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
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
GBP/USD
Bullish
USD/JPY
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
Gold
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • European Opening Calls From IG: #FTSE 7554 -0.24% #DAX 13443 -0.54% #CAC 5978 -0.54% #AEX 608 -0.56% #MIB 23576 -0.55% #IBEX 9529 -0.47% #STOXX 3750 -0.51%
  • AUD/USD Technical Analysis: Key Aussie Dollar Support at Risk - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/01/23/AUDUSD-Technical-Analysis-Key-Aussie-Dollar-Support-at-Risk.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/cVBAkQiQAC
  • #Singapore CPI clocked in at 0.8% y/y in December versus 0.7% expected, was the fastest pace since April 2019. $USDSGD trading higher though as the "risk-off" tone in Asia prolongs and is arguably overshadowing monetary policy fundamentals #MAS #SP500 https://t.co/TDNEiRcVBm
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/6n0HiLDDGm
  • For those that have read my #NZD technical special report, my colleague @IlyaSpivak will be discussing the fundamental side of things when he covers New Zealand CPI tomorrow. Signup for the session below! https://t.co/UpehrZ0ml2
  • Will an uptick in New Zealand CPI lift #NZD, or will an already neutral #RBNZ outlook be overshadowed by risk-off selling? Join live coverage of the data release, starting at 21:30 GMT - https://t.co/1uM3FCdxuQ
  • We apologize for any inconveniences, but @CVecchioFX "Central Bank Weekly" webinar will not be occurring later today. We will however be covering the #ECB rate decision, hosted by Analyst @JMcQueenFX, starting at 12:45 GMT. Signup for the session here - https://t.co/jNAAUmQ1j8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.40%, while traders in US 500 are at opposite extremes with 76.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WZWcYgo7iV
  • Traders undeniably over complicate matters when starting out. However, more complex trading strategies are not necessarily more profitable. Keep your trading strategy simple with these four highly effective indicators: https://t.co/FDOnHdj4sQ https://t.co/WWDL8khdy8
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇦🇺AUD: 0.25% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.12% 🇬🇧GBP: -0.13% 🇨🇦CAD: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JM70E0rhCL
Guest Commentary: MarketVisionTV - Euro becomes the Nasty Trade...Adding to Longs

Guest Commentary: MarketVisionTV - Euro becomes the Nasty Trade...Adding to Longs

2012-03-26 13:50:00
Ed Matts MarketVisionTV.com,
Share:

* Euro has scope to rally further within broad consolidation to 1.3420

* But an analogy with the 1.30 low suggests it could really accelerate short term.

* It therefore needs to maintain short term momentum.

Guest_Commentary_MarketVisionTV_Euro_becomes_the_Nasty_Trade...Adding_to_Longs_body_EUR2603.png, Guest Commentary: MarketVisionTV - Euro becomes the Nasty Trade...Adding to Longs

We remain bullish and long the Euro for a larger recovery within broad medium term consolidation. Indeed following the constructive rally to 1.3285 and subsequent three wave corrective retracement to the ideal 1.3135 50% target, the Euro still has a window to break through the 1.3285-1.3300 resistance band to confirm and accelerate the rally to the outstanding 1.3420 c=a target.

But... given the similarity between the rally from 1.3135 and initial strength from the 1.30 low, the pullback to the double trend confluence also the 61.8% at 1.3195 suggests the Euro may be the equivalent of the arrow here and therefore poised to break up not just to the very conservative 1.3350 equality target nor 1.3420 but en route to 1.3595 the 1.618. Failure though to break higher in the next 24-48 hours would suggests the Euro has more consolidation in 1.3135-1.3290 likely B wave range risking 1.3195 and 1.3135 again. Only if this breaks would we be forced to concede

Further videos and commentaries are available from ww.MarketVisionTV.com and @EdMatts on Twitter.

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

DISCLOSURES

News & Analysis at your fingertips.