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
  • Iron drops below $100/ton as China steel cuts weigh on demand
  • Bitcoin price action loses traction below the key psychological level of $48,000. Get your market update from @Tams707 here:
  • the S&P 500 has tested this resistance zone every day this week 4472-4479 $ES $SPY $SPX buyers haven't given up, have continued to offer support with higher lows over the past few days current support at 50% fibo of aug-sept mm
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • $USD breakout pulling back a bit but so far, that pullback has held support in the prior resistance zone $DXY
  • 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:
  • ECB's Makhlouf says fears of excessive inflation are exaggerated $EUR
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • Angola to cut November oil exports to lowest since at least 2008 - Angola exported 1.1mbpd of crude oil in September, according to Refinitiv
  • ECB's Kazaks - The 2% price target will not be met in the medium term - Inflation outlook likely to be revised higher
Forex Trading: EUR/AUD Trendline and Fiboncci Level in Play Again

Forex Trading: EUR/AUD Trendline and Fiboncci Level in Play Again

Jamie Saettele, CMT, Sr. Technical Strategist

As mentioned this morning, I’m currently flat but my interest remains piqued in the EURAUD.

Euro / Australian Dollar

Daily Bars

Forex_Trading_EURAUD_Trendline_and_Fiboncci_Level_in_Play_Again__body_euraud.png, Forex Trading: EUR/AUD Trendline and Fiboncci Level in Play Again

Prepared by Jamie Saettele, CMT

FOREXAnalysis: The EURAUD has dipped below the 61.8% retracement of the rally from 12158 and the trendline that extends off of the November and December lows. So far, the dip is confined to intraday action. An intraday break of support and daily close above is actually more desirable from a bullish standpoint. If the bull move materializes, then those that sold on the false break (at terrible prices) will propel the move higher with their covering at higher levels. Daily RSI is also at support (from a former RSI low and the 40 level).

FOREX Trading Strategy: I’ll turn bullish IF price trades through 12460. 12550 and 12650 would be near term objectives. It is possible that a major bullish base is forming. A break above the December high is needed in order to suggest a longer term bull move is underway (see below chart).

Euro / Australian Dollar

Weekly Bars

Forex_Trading_EURAUD_Trendline_and_Fiboncci_Level_in_Play_Again__body_euraud_1.png, Forex Trading: EUR/AUD Trendline and Fiboncci Level in Play Again

Prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

To contact Jamie e-mail Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.

Jamie is the author of Sentiment in the Forex Market.

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