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
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
  • Although the Fed hawkish bias has caused some reflationary position unwinding and anxiety about the outlook for commodities, the fundamental picture for oil has not changed and remains bullish. Get your market update from @DColmanFX here:
  • A short-term ascending channel is under threat after Bitcoin’s first attempt to break through a stubborn resistance zone failed. Get your market update from @nickcawley1 here:
  • Is the Eurozone entering into a second debt crisis? Find out here:
  • And the Monday Asia trading session has officially begun. A pair to have on your watch list to kick off early trade: $AUDUSD post head-and-shoulders' neckline (and 200-DMA) breakdown
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more:
  • I know it is a cognitive bias, but it seems that every time I take a day off, there are significant market moves. Dow's tumbled into a 5th straight session Friday with 10-day correlation to Nasdaq most extreme negative in 4 years
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST (12:30GMT) on DailyFX!! - lots to discuss on the back of last week's #Fed Fireworks!
  • 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:
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
Price & Time: Important Next Few Days for the Euro

Price & Time: Important Next Few Days for the Euro

Kristian Kerr, Sr. Currency Strategist

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

To receive other reports from this author via e-mail, sign up to Kristian’s e-mail distribution list via this link.

Foreign Exchange Price & Time at a Glance:


PT_Euros_body_Picture_4.png, Price & Time: Important Next Few Days for the Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY has continued to find strong resistance near the 7th square root progression of the June low in the 101.60 area
  • While over 99.05 our near-term trend bias will remain higher, but a clear break of 101.60 is needed soon to maintain the immediate upside tack in the rate
  • Near-term focused cycle studies point to Tuesday and the end of the week as potential minor turn windows
  • Immediate support is seen at the 99.65 6th square root progression of the June low
  • However, only weakness below 99.05 would undermine the near-term positive tone in the pair and turn us negative

Strategy: Like the long side on a clear break of 101.60.


Support 2

Support 1


Resistance 1

Resistance 2








PT_Euros_body_Picture_3.png, Price & Time: Important Next Few Days for the Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • GBP/USD pierced the 50% retracement of the June to July decline near 1.5280 on Monday to trade to its highest level in over three weeks
  • While over 1.5175 our near-term trend bias will remain higher in Cable
  • Gann resistance at 1.5325 looks like a key pivot and a close above this level is required to set up a further push towards a Fibonacci price cluster in the 1.5390 area
  • Short-term oriented time cycle studies suggest today and the end of the week are possible minor turn widnows
  • More immediate support is seen at 1.5250, but only weakness back under 1.5175 would turn us negative on Cable

Strategy: Like holding reduced long positions while over 1.5175.


Support 2

Support 1


Resistance 1

Resistance 2








PT_Euros_body_Picture_2.png, Price & Time: Important Next Few Days for the Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • XAU/USD is testing key resistance at the 4th square root progression of the year-to-date low in the 1316 area
  • A close above this level is required to set up a more meaningful advance towards 1348 and shift the trend bias to positive
  • However, some caution is advised here as the next 48 hours are a well defined cycle turn window in the metal where the broader downtrend could try to re-assert
  • The 1283 remains near-term support
  • However, weakness below 1248 is needed to signal a broader downside resumption

Strategy: Very wary of a downside resumption over the next two days. Don’t like the long side until after this cycle turn window is surpassed.


Support 2

Support 1


Resistance 1

Resistance 2







Focus Chart of the Day: EUR/USD

PT_Euros_body_Picture_1.png, Price & Time: Important Next Few Days for the Euro

The second half of this week looks important from a cyclical perspective for the equity markets with a top of some sort now looking possible during this timeframe. However, the Euro also has some interesting timing over the course of the next few days as several short-term Fibonacci time relationships and longer-term Pi time relationships converge over the next 48 hours. In addition, Thursday marks the anniversary of the 2012 low in EUR/USD. In Gann, anniversary dates of past significant highs and lows are often important cyclical inflection points. Given the low last July was multi-year low that led to aggressive strength over several quarters it qualifies in our book as “significant” and could influence price action later this week. There is also some potentially important timing late next week which we will update on as we approach it.

--- Written by Kristian Kerr, Senior Currency Strategist for

Looking for a way to pinpoint sentiment extremes in Euro in real time? Try the Speculative Sentiment Index.

To contact Kristian, e-mail Follow me on Twitter @KKerrFX

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