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
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
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/H19vRDCpUJ https://t.co/u1zneUg7cE
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.77%, while traders in NZD/USD are at opposite extremes with 67.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/IbD24BlleG
  • While #DXY is not my preferred go-to for a USD index, there seems to be a slight resemblance with an inverse H&S pattern going on here It is quite small, but still, there may be enough bullish implications here to get beyond the 50-day SMA for the first time since early November https://t.co/gpxhT8T8kp
  • US Indices at the Close: DOW JONES: 30,805.19, -0.60% NASDAQ: 13,000.01, -0.86%, S&P 500: 3,766.80, -0.76% $SPX $NDX $DJI
  • Fitch Ratings affirms UK at AA-, outlook negative - BBG $GBPUSD
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.00% US 500: -0.01% FTSE 100: -0.08% Germany 30: -0.10% France 40: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gIL15xBjYZ
  • Bitcoin selling off today, now down almost 10% $BTC $USD #Bitcoin https://t.co/iej9CG6FH2
  • US Dollar stronger as stocks wobble, look set to end the week lower $USD $DXY https://t.co/0Fm6rMwkyY
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.17% Gold: -0.92% Silver: -2.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zvqbRrFFkz
  • What are some factors driving AUD? Get your free forecast for this quarter here:https://t.co/z85CIVYiuK #DailyFXGuides https://t.co/ChXMKNRZJq
AUDUSD Testing Key Resistance at 9150- Weekly Open in Focus

AUDUSD Testing Key Resistance at 9150- Weekly Open in Focus

2014-03-24 22:09:00
Michael Boutros, Strategist

Talking Points

  • AUDUSD coming into key inflection point
  • Weekly opening range in focus- break to offer conviction scalp bias
  • First two resistance objectives have been achieved – Updated targets

AUDUSD Daily Chart

Forex-AUDUSD-Testing-Key-Resistance-at-9150--Weekly-Open-in-Focus_body_AUDUSD_DAILy.png, AUDUSD Testing Key Resistance at 9150- Weekly Open in Focus

Chart Created Using FXCM Marketscope 2.0

AUDUSD Scalp Chart

Forex-AUDUSD-Testing-Key-Resistance-at-9150--Weekly-Open-in-Focus_body_AUD_SCALP.png, AUDUSD Testing Key Resistance at 9150- Weekly Open in Focus

Notes: AUDUSD is coming into a major inflection point at the confluence of the 61.8% extension of the advance off the January low, the 200-DMA and trendline resistance dating back to April 2013. The weekly opening range is forming just below and we’ll look for a definitive break of this range to validate our neat-term scalp bias. We remain constructive above the Sunday low with only a move below last week’s low invalidating the broader topside bias noted on our last AUDUSD setup published on March 12th. Follow the progress of this trade setup and more throughout the trading week with DailyFX on Demand.

* It’s extremely important to give added consideration regarding the timing of intra-day scalps with the opening ranges on a session & hourly basis offering further clarity on intra-day biases.

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

For updates on this scalp and more setups follow him on Twitter @MBForex

To contact Michael email mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Tuesday - Thursday mornings this week on DailyFX Plus (Exclusive of Live Clients) at 15:30 GMT (11:30ET)

Interested in learning about Fibonacci? Watch this Video

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

DISCLOSURES