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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bullish
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
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.08% 🇯🇵JPY: -0.35% 🇪🇺EUR: -0.40% 🇦🇺AUD: -0.69% 🇳🇿NZD: -0.74% 🇨🇭CHF: -1.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/g48aHJoSf8
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.55% France 40: 1.77% FTSE 100: 1.77% Wall Street: 0.61% US 500: 0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/K4DUoqfBBy
  • $AAPL post-earnings looks parabolic even on a log chart that split is going to juggle up the composition of the $DJIA though. Only 30 stocks and this has been like 11% of the index. Big driver about to have a smaller impact on the $Dow post-split https://t.co/7xhnvbjKLA https://t.co/cgUn1ybQ6U
  • Ripple (XRP) - This could get interesting if we close above Sunday's spike high ($0.325)...#xrp #Crypto @DailyFXTeam https://t.co/2rrL5efGBa
  • Among the FAANG members, only $AAPL seems to be carrying over the momentum from last week's earnings wave. Here is my version of the high market cap tech index overlaid on the stock https://t.co/Z6KnMefH1c
  • 🇲🇽 Markit Manufacturing PMI (JUL) Actual: 40.40 Previous: 38.60 https://www.dailyfx.com/economic-calendar#2020-08-03
  • RT @WVenketas: $USDCAD price forecast: Last Place Battle – #Loonie or #Dollar? $USD $CAD https://www.dailyfx.com/forex/market_alert/2020/08/03/USDCAD-latest-Last-Place-Battle-Loonie-or-Dollar.html
  • The #Euro and Sterling both had a positive tone last week going into month-end and sellers have appeared in both currencies today. Get your market update from @nickcawley1 here: https://t.co/LBmxuV1sG1 https://t.co/H56olNlp7L
  • While the Dollar is continuing to extend its tentative gains from Friday with broad results against EM counterparts, $USDCNH still refusing to participate. I wonder if this is a reflection of their relationship or a conscious curb https://t.co/lhGeb1bsYF
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.37% Gold: -0.41% Silver: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dnPRohZ1Un
US Dollar Charts: EUR/USD, DXY, USD/JPY & More

US Dollar Charts: EUR/USD, DXY, USD/JPY & More

2020-01-14 13:00:00
Paul Robinson, Strategist
Share:

EUR/USD volatility is making getting a clear handle on anything a bit tricky, as the slow grind since the low since the fall has an upward trend intact, but within the context of a broader downtrend. This inclines me to believe it is corrective and that eventually a breakdown below the multi-month trend-line will materialize. But it may not come before we see some more backing and filling to the upside. Things are a bit tricky at the moment, so taking it slow. It seems, though, a move towards the 10900 area could be in store in the not-too-distant future.

EUR/USD Daily Chart (choppy, watch t-line)

EUR/USD daily chart (choppy, watch t-line)

EUR/USD Chart by TradingView

The US Dollar Index (DXY), largely driven by the Euro, is up against trend-line resistance that could be part of a falling wedge formation. If this is to be the case, then at some point now or a little later on (next couple of weeks) we should see a surge higher develop. For now, respecting the downtrend line. A break above the trend-line and 97.82 is needed to get the chart tilted to the upside.

USD Forecast
USD Forecast
Recommended by Paul Robinson
Q1 US Dollar Forecast
Get My Guide

US Dollar Index (DXY) Daily Chart (falling wedge developing, t-line resistance)

US Dollar Index (DXY) daily chart, falling wedge developing, t-line resistance

US Dollar Index (DXY) Chart by TradingView

USD/JPY broke above the October 2018 trend-line and late-year peaks around the 10972-line, but are already in a battle with another level of resistance. The trend-line from 2015 is running down over today’s high. This puts a bit of a damper on seeing more strength, but the general backdrop doesn’t necessarily make this a great spot to be a bear either. It appears likely that we see a bit of back-and-forth between levels before a resolution in direction.

JPY Forecast
JPY Forecast
Recommended by Paul Robinson
Q1 Japanese Yen Forecast
Get My Guide

USD/JPY Daily Chart (at 2015 trend-line)

USD/JPY daily chart, at 2015 trend-line

USD/JPY Chart by TradingView

For all the charts we looked at, check out the video above…

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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

DISCLOSURES

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.