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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.94%, while traders in EUR/USD are at opposite extremes with 71.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wSWdSw9NMi
  • WTI crude oil price action has been quite volatile today around Iran nuclear deal talks. The commodity is currently down -1.2% on the session after falling as much as -4.3% from intraday highs. #OOTT $CL_F $USO https://t.co/IPeHsxVYO8
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: -0.14% FTSE 100: -0.17% Wall Street: -0.21% Germany 30: -0.22% France 40: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ak6BIkvMw
  • Biden administration delays revamp of Trump's blacklist for China investments -BBG $USDCNH $SHCOMP
  • $EURUSD breakout stalled (so far) around the same spot that caught the feb top fib from the same study that caught the low in march (at the 38.2) https://t.co/ikWed0YfwE https://t.co/OfvmSW2V4S
  • The USD/CAD breakdown has stalled into lateral technical support at 1.2048/61 and the focus is on a reaction off this mark. Get your $USDCAD @MBForex here:https://t.co/LMTzDyI1df https://t.co/hD74PjjJHk
  • US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/18/us-dollar-outlook-dxy-index-hammered-as-treasury-yields-ebb.html $USD $DXY #Trading https://t.co/2zVfDWI5Y7
  • AUD/USD attempts to retrace the decline following the update to the US Consumer Price Index (CPI) as it bounces back from the 50-Day SMA (0.7715). Get your $AUDUSD market update from @DavidJSong here:https://t.co/EIQ7utBH9A https://t.co/RcWf6JgYX5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.64%, while traders in EUR/USD are at opposite extremes with 70.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EhQn4EqJYE
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.06% Gold: -0.03% Oil - US Crude: -1.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ALjM4GEwOj
EURUSD Friday Dip Buying for Test of the Highs

EURUSD Friday Dip Buying for Test of the Highs

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.)

-EURUSD-has slowly dropped into former 4th wave support. 13014 is additional support if needed and near term bullish risk is 12990. A print above 13139 could complete the rally from 12824. Longs were taken this morning at 13040 (released via Twitter @JamieSaettele).

-AUDCHF-intraday action remains constructive and I’m looking to increase long exposure below 9558 (previously 9540). I am long and risk has been moved up from 9435 to 9489.

-EURJPY-is similar to the EURUSD in that the drop from the top is probably a small 4th wave. The implications are for a print above 10414 before a sharp reversal. 10450/80 (April low and Fibonacci) is resistance.

-AUDUSD and NZDUSD – remain constructive against 10270 and 8108. I am bullish (longs were taken last night in NZDUSD at 8197).

-AUDNZD-“is approaching resistance from 12687-12717 (JS Thrust day close from 9/13 and 38.2% retracement of decline from 13277). Shorts into that level may result in a return to the former 4th wave at 12487”. It’s possible of course that a top is in place at 12673. Friday action is usually lacking in this pair with the Pacific markets the first to close for the week…I’ll wait till Sunday.

EURUSD – 60 Minute Bars

EURUSD_Friday_Dip_Buying_for_Test_of_the_Highs_body_eurusd.png, EURUSD Friday Dip Buying for Test of the Highs

Prepared by Jamie Saettele, CMT

AUDCHF – 60 Minute Bars

EURUSD_Friday_Dip_Buying_for_Test_of_the_Highs_body_audchf.png, EURUSD Friday Dip Buying for Test of the Highs

Prepared by Jamie Saettele, CMT

EURJPY – 60 Minute Bars

EURUSD_Friday_Dip_Buying_for_Test_of_the_Highs_body_eurjpy.png, EURUSD Friday Dip Buying for Test of the Highs

Prepared by Jamie Saettele, CMT

AUDNZD – 240 Minute Bars

EURUSD_Friday_Dip_Buying_for_Test_of_the_Highs_body_audnzd.png, EURUSD Friday Dip Buying for Test of the Highs

Prepared by Jamie Saettele, CMT

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

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

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