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.



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
Oil - US Crude
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
  • We are days away from the US Presidential election and the markets are caught in the vortex. A contested outcome would raise serious volatility for the markets whereas a decisive outcome seems to support bullish $SPX and Dollar views from the market rank.
  • The future implications of the #Elections2020 may influence $AUDUSD following the #RBA and #Fed rate decisions as Congress struggles to pass another round of fiscal stimulus. Get your #currencies update from @DavidJSong here:
  • Gold prices declined in the aftermath of bearish technical cues, but a key zone of support was reinforced. $XAUUSD volatility risk is elevated ahead of the #Elections2020. Get your #metals update from @ddubrovskyFX here:
  • USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90. Get your #currencies update from @JMcQueenFX here:
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • The British Pound, Australian Dollar and US Dollar may all experienced heightened periods of volatility as geopolitical risks in North America, Asia and Europe rattle global financial markets. Get your $GBPUSD market update from @ZabelinDimitri here:
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:
  • #Gold prices declined following bearish technical cues, but a key zone of support was reinforced over the past 48 hours. #XAUUSD volatility risk is elevated ahead of the #USElection -
Commodity Currencies Break-Targets Below

Commodity Currencies Break-Targets Below

2012-03-22 13:31:00
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:


USDOLLAR – The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is once again threatening the resistance line that extends off of the October and December highs. A break above would signal completion of the consolidation since August (nearly 8 months) and a significant breakout.

Commodity_Currencies_Break-Targets_Below__body_usdollar.png, Commodity Currencies Break-Targets Below

Prepared by Jamie Saettele, CMT

AUDUSD – Has broken to monthly lows and focus is on channel support near 10325 today (at about 10305 tomorrow). 10203, the 100% extension of the 10856-10422 decline, is a more aggressive target. Resistance today is 10385-10415.

Commodity_Currencies_Break-Targets_Below__body_audusd.png, Commodity Currencies Break-Targets Below

Prepared by Jamie Saettele, CMT

NZDUSD – Is on the verge of breaking to monthly lows which would shift focus to channel support at 7980 today and the 100% extension of the 8471-8061 decline at 7878 (which intersects with channel support late next week).

Commodity_Currencies_Break-Targets_Below__body_nzdusd.png, Commodity Currencies Break-Targets Below

Prepared by Jamie Saettele, CMT

USDJPYThe drop below 8300 suggests that a 5 wave decline is complete from 8001 (2/28 low). Expect a corrective decline to unfold over the next few weeks towards 8160-8200 (50%-61.8% retracement).

Commodity_Currencies_Break-Targets_Below__body_usdjpy.png, Commodity Currencies Break-Targets Below

Prepared by Jamie Saettele, CMT

To contact Jamie e-mail 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

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.