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
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
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
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
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Using margin in forex trading is a new concept for many traders, and one that is often misunderstood. Margin is the minimum amount of money required to place a leveraged trade and can be a useful risk management tool. Learn about margin trading here: https://t.co/qZCE5asCzM https://t.co/yxE0OmLIP0
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUd00T https://t.co/iSrjZTeWwf
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/WeLInepZiD https://t.co/7B0KI8HehW
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM73cHA https://t.co/vGW5BygTXU
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/xngExEdFdu https://t.co/kqpJ6oGXgt
  • 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: https://t.co/F4dXbUzU3o https://t.co/G0ZWWVtSrZ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/5js6tWk5bY
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/Z71MZEIJWC https://t.co/YAr1kN4eKd
  • Coinbase’s impending initial public offering could provide the necessary fuel for Bitcoin to push to fresh record highs in the coming days. Get your market update from @DanielGMoss here:https://t.co/twdu0zqmIM https://t.co/72HRMZlKUn
  • The Swiss Franc has positioned itself against key levels versus the Australian Dollar, New Zealand Dollar and Euro over the past week. Where next for AUD/CHF, NZD/CHF and EUR/CHF? Find out from @FxWestwater here:https://t.co/CrtQGzvWnm https://t.co/j5Zjn5zY0D
US Dollar is Vulnerable for the Rest of February…at Minimum

US Dollar is Vulnerable for the Rest of February…at Minimum

Jamie Saettele, CMT, Sr. Technical Strategist

FXCM Expo Videos

Innovative Techniques with Traditional Technical Indicators

Trading with the Elliott Wave Principle

Seeing the Forest from the Trees: An Analysis of Global Markets

Afternoon Technicals (all charts)

Other TA (crosses, COT, etc.)

Morning Notes:

EURUSD – Is breaking higher and an extension of the rally that began in January remains favored towards Fibonacci objectives near 13600. This level intersects channels in early March (late next week). Risk on any longs should be kept to 13170 (Monday low). A drop below would shift focus to 13115.

US_Dollar_is_Vulnerable_for_the_Rest_of_February_at_Minimum_body_eurusd.png, US Dollar is Vulnerable for the Rest of February…at Minimum

Prepared by Jamie Saettele, CMT

GBPUSD – With the EURUSD breaking higher, consider the possibility that a low is in place for the GBPUSD as per the below count. Remember, the drop into 15644 may have completed wave B within the A-B-C rally from the January low. Objectives in the coming weeks are above 16000.

US_Dollar_is_Vulnerable_for_the_Rest_of_February_at_Minimum_body_gbpusd.png, US Dollar is Vulnerable for the Rest of February…at Minimum

Prepared by Jamie Saettele, CMT

AUDUSD – The turn higher in the AUDUSD increases confidence in the 4th wave interpretation. 10650/70 is near term support and 10745 interim resistance.

US_Dollar_is_Vulnerable_for_the_Rest_of_February_at_Minimum_body_audusd.png, US Dollar is Vulnerable for the Rest of February…at Minimum

Prepared by Jamie Saettele, CMT

NZDUSD – The situation is similar to that of the AUDUSD in that sideways trade since 2/8 is viewed as corrective. The invalidation level for bulls is the 2/1 low at 8212. Look higher into month end. 8315 is support and 8385 is interim resistance.

US_Dollar_is_Vulnerable_for_the_Rest_of_February_at_Minimum_body_nzdusd.png, US Dollar is Vulnerable for the Rest of February…at Minimum

Prepared by Jamie Saettele, CMT

USDJPY – From last night – “Daily RSI is above 80, which has occurred just 9 times in the last 20 years. The tendency after a reading of 80 or greater is for consolidation/weakness before the uptrend resumes. The average move 3 days after a reading above 80 is -39 pips. The average move after 10 days is +155 pips. Going on levels, the upside is favored for the rest of the week above 7935 (Monday low). A drop below would trigger weakness towards 7865/95. The next upside level of interest isn’t until the July 2011 high of 8147.” I like longs between 7960/85 with a stop under 7935 for the rest of the week.

US_Dollar_is_Vulnerable_for_the_Rest_of_February_at_Minimum_body_usdjpy.png, US Dollar is Vulnerable for the Rest of February…at Minimum

Prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

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.

DISCLOSURES