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
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
Wall Street
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
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Why is JPY called a safe haven? What are some factors in its favor this quarter? Get your free forecast here: https://t.co/mzeJ5x73N3 #DailyFXGuides https://t.co/S4bwgGZxmw
  • 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: https://t.co/9S5tXIs3SX https://t.co/T3W8CIg5iy
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/FPgZ5gkgrM
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/E0KhcKHrOf
  • For some reason an old story has popped up - many apologies.... https://t.co/jHjQxyFRXM
  • The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback. Get your $USD market update from @nickcawley1 here:https://t.co/VY3SLs35cp https://t.co/w5ljByv9cf
  • 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: https://t.co/lZFM8youtX https://t.co/CpqePQYF4E
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/Rg2YGZCUCr
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/ftrbRkFiJF
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/Hny2HMYo4I
Guest Commentary: MarketVisionTV - That was just a Dress Rehearsal for Sterling!

Guest Commentary: MarketVisionTV - That was just a Dress Rehearsal for Sterling!

2012-04-26 14:40:00
Ed Matts - MarketVisionTV.com,

EURGBP is approaching the 80.65 medium term low and and a major squeeze.

Guest_Commentary_MarketVisionTV_That_was_just_a_Dress_Rehearsal_for_Sterling_body_eurgbp2604.png, Guest Commentary: MarketVisionTV - That was just a Dress Rehearsal for Sterling!

* The rally to 82.20 previous was a typical corrective retracement.

* There is therefore one final spike to test the 80.65 low.

* We will reverse shorts on this drop for a major reversal.

Euro Sterling remains in a downtrend to challenge but hold the 80.65 low for now.

Indeed having reacted from the August 2010 low of 81.45 in an aggressive but seemingly corrective rally to 82.20 the previous low, it is now set to continue the (Clean as a ) 'Whistle analogy...an exact repeat of the price action since 85.05 but more pressingly... now January 2nd 2012.

This suggests that any rally now should be limited to the 81.85 region and certainly hold below 82.20 until Euro Sterling breaks down through 81.45 to the 80.65 region to end the near term downtrend.

We have exited longs from the 81.45 test and will sell more on any return to 81.85 in the very short term looking to reverse again on the next new low for a reversal back through 81.45 to encourage a much larger correction back through 82.20 to at least 82.75 and probably beyond. Stops 80.45.

Further videos or 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.

DISCLOSURES