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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • The Canadian Dollar remains supported amid elevated crude oil prices. Don’t be surprised if the Bank of Canada disappoints aggressive hawkish expectations. Earnings season is a wildcard. Get your weekly Loonie forecast from @ddubrovskyFX here:
  • Rather than focusing on earning a specific number of pips per day, traders need to focus on what can be controlled. In trading terms this relates to following a strategy perfectly, with no emotion or hesitation. Learn more here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here:
  • The European Central Bank will consider it a job well done if there is no movement in EUR/USD or the Euro crosses before, during or after Thursday’s policy announcements by its Governing Council. Get your weekly Euro forecast from @MartinSEssex here:
  • Further your forex knowledge and gain insights from our expert analysts @ddubrovskyFX and @FxWestwater on JPY with our free Q4 market analysis guide, available for free today.
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • Further your forex knowledge and gain insights from our expert analyst @ @MartinSEssex and @DColman on EUR with our free Q4 market analysis guide, available for free today. #Dailyfxguides
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
AUD/USD, GBP/USD, Silver & More: Charts & Technical Analysis

AUD/USD, GBP/USD, Silver & More: Charts & Technical Analysis

Paul Robinson, Strategist

Technical Outlook:

  • AUD/USD has a solid line of support at 7000
  • GBP/USD channel is determining the trading bias
  • Silver is hugging an important line of support from March

AUD/USD volatility has been diminishing recently with the 7000 line as an important floor. It began as resistance back in January and June, but then became a source of support in late September and just last week. The wedging price action off the Sep 1 high suggests we could soon see a breakout. A drop through 7000 is seen as the smoothest path given the clear floor in place, but we can’t rule out a break of the descending trend-line that makes up the wedge. Either way we should have a resolution soon.

AUD/USD Daily Chart (wedging on 7000)

AUD/USD daily chart

AUD/USD Chart by TradingView

GBP/USDcontinues to abide by the channel off last month’s low, and on that the trading bias remains constructive for as long as it stays above the lower parallel of the structure. Working higher we need to see 13176 crossed to get heading again towards the September 1 high near 13500. A break of the lower line of the channel will tilt the board towards lower levels and could set off selling towards the 200-day at 12700.

GBP/USD 4-hr Chart (rising in channel)

GBP/USD 4-hr chart

GBP/USD Chart by TradingView

Silver priceaction is interesting at the moment because of the trend-line it continues to further validate as important. The line rising up from the March low has received a lot of attention over the past month. With silver stuck under trend-line resistance off the August high we are arriving at a make-or-break point here.

Silver Daily Chart (March trend-line)

Silver daily chart

Silver Chart by TradingView

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

Resources for Forex 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.

---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.