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.

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
Oil - US Crude
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
More View more
Real Time News
  • Heads Up:🇰🇷 GDP Growth Rate QoQ Adv (Q2) due at 23:00 GMT (15min) Expected: 0.7% Previous: 1.7% https://www.dailyfx.com/economic-calendar#2021-07-26
  • Heads Up:🇰🇷 GDP Growth Rate YoY Adv (Q2) due at 23:00 GMT (15min) Expected: 6% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-07-26
  • (Weekly Technical) Australian Dollar Outlook Still Biased Lower: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD #AUD $AUDUSD $AUDJPY $AUDNZD $AUDCAD https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2021/07/25/Australian-Dollar-Outlook-Still-Biased-Lower-AUDUSD-AUDJPY-AUDNZD-AUDCAD.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/FlpHFIrQFp
  • 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: https://t.co/KDjIjLdTSk https://t.co/XcuZbWNuie
  • The Mexican peso starts the week with a neutral bias despite broad-based U.S. dollar weakness reflected in the DXY Index. Get your market update from @DColmanFX here:https://t.co/pOu7SbQuKi https://t.co/Cmg92SZy5E
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.54% 🇨🇭CHF: 0.42% 🇳🇿NZD: 0.34% 🇦🇺AUD: 0.20% 🇯🇵JPY: 0.15% 🇨🇦CAD: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/M3bqkD3vWQ
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.28% Silver: 0.10% Gold: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YQB5eGCIgP
  • RT @BrendanFaganFx: S&P 500 Outlook: Strong Tesla Earnings Kick of Event-Laden Week $SPX $SPY $ES_F $TSLA #Bitcoin Link: https://t.co/gx…
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/DLeMnNiHEh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.89%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qBsgvA96zQ
Early Week Weakness in Commodity Bloc FX

Early Week Weakness in Commodity Bloc FX

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.)

Markets are quiet which is not new but relative weakness in the AUD has piqued my interest. An AUDCAD weekly key reversal last week may be a ‘tell’ that the AUDUSD path is lower as well. AUDCAD key reversals are in red on the first chart below. RSI failure before 70 and a potential head and shoulders top are also bearish. The sharpest (largest price change in shortest amount of time) tend to occur at turns. Since the AUDUSD has been trading sideways (triangle) since the 2011 top, trading turns is even more attractive. I am currently short from Friday (10520 entry) with a 10590 stop, which was just missed on Friday. A drop below 10435 would increase confidence in the short side.

The EUR is strong today as the EURAUD is the top performer on the day. I exited the EURAUD long Friday at breakeven (11635). If you stayed with it (original stop was 11600) then good for you and 12100+ is in play on a move above 11775. Near term support comes in at 11710/20.

AUDCAD – Weekly Bars

Early_Week_Weakness_in_Commodity_Bloc_FX__body_audcad.png, Early Week Weakness in Commodity Bloc FX

Prepared by Jamie Saettele, CMT

AUDUSD – Daily Bars

Early_Week_Weakness_in_Commodity_Bloc_FX__body_audusd.png, Early Week Weakness in Commodity Bloc FX

Prepared by Jamie Saettele, CMT

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.

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

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

DISCLOSURES