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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
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
GBP/USD
Mixed
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 72.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Q4CoU5iGAD
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.72% US 500: 0.50% Germany 30: 0.39% France 40: 0.37% FTSE 100: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/r0ZOaGGpwp
  • US tech stocks turn positive in afternoon trading, following the Dow Jones and SP500 into positive territory https://t.co/stt1JvXAaH
  • Update on #Cryptocurrencies #BITCOIN -0.91% #BITCOINCASH +1.48% #ETHEREUM -1.58% #RIPPLE -1.35% #LITECOIN -2.48%
  • $AUDUSD pushes further into multi-month highs this morning as risk appetite improves https://t.co/jCjpOT2kbP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 73.36%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZZhiVDU0Ey
  • The #Euro Stoxx 50 has made a firm break away from its 50% fib retracement to trade at its highest level since early March. Get your equities market update from @JMcQueenFX here:https://t.co/TeIdfHjbUj https://t.co/IPSBuPQ3YF
  • New York Virus cases rise 0.4% compared to 7-day average of 0.3% - BBG
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.91% Gold: -0.86% Silver: -2.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/slar5zMmAp
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.19% 🇳🇿NZD: 0.91% 🇨🇦CAD: 0.47% 🇪🇺EUR: 0.35% 🇨🇭CHF: -0.08% 🇯🇵JPY: -0.94% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/212TNo9F85
US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

2014-11-13 04:53:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • US Dollar Positioning Continues to Warn of Downswing Threat
  • S&P 500 Rally Stalls But Chart Seems to Leave Room for Upside
  • Gold Flat-Lining, Crude Oil Trying to Bounce After $80.00 Test

Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

US DOLLAR TECHNICAL ANALYSIS – Prices may be gearing up for a turn lower after prices produced a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11211, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 11143-55 area (October 3 high, 38.2% level). Alternatively, a reversal above the 50% Fib expansion at 11295 clears the way for a test of the 61.8% Fib threshold at 11329.

US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

S&P 500 TECHNICAL ANALYSIS – Prices appear poised to move to another record high, challenging resistance marked by the 23.6% Fibonacci expansion at 2051.00. A break above this barrier on a daily closing basis exposes the 38.2% level at 2081.20. Alternatively, a reversal below the 14.6% Fib at 2032.30 aims for resistance-turned-support at 2022.10, the September 19 high.

US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD TECHNICAL ANALYSIS – Prices are treading water below resistance in the 1178.86-80.84 area marked by the December 2013 low and the 23.6% Fibonacci retracement. Near-term support is at 1131.11, the 76.4% Fibonacci expansion, with a break below that on a daily closing basis exposing the 100% level at 1092.78. Alternatively, a push above resistance targets the 38.2% retracement at 1212.23.

US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL TECHNICAL ANALYSIS – Prices are attempting to mount a recovery after setting yet another four-year low. A daily close back above the 50% Fibonacci expansion at 80.46 exposes the 38.2% level at 82.22. Alternatively, downward resumption through the 61.8% Fib at 78.70 targets the 76.4% expansion at 76.53.

US Dollar Chart Setup Warns of Pullback Risk, Gold Digesting Losses

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES

News & Analysis at your fingertips.