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
  • 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
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
Price & Time: USD/JPY Fails Again

Price & Time: USD/JPY Fails Again

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • USD/JPY reverses from key long-term resistance
  • EUR/USD rebounds from key Gann level
  • AUD/USD testing important resistance

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

Looking for real time Forex analysis throughout the day? Try DailyFX on Demand.

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

PT_JAN_13_body_Picture_3.png, Price & Time: USD/JPY Fails Again

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD traded to its lowest level in over a month late last week before finding support just ahead of the 1.3540 3rd square root relationship of the 2013 high
  • Our near-term trend bias remains lower in the Euro while below the 2013 closing high at 1.3800
  • The 50% retracement of the November to December advance at 1.3590 is interim support, but only weakness under 1.3540 confirms the start of another leg lower in the rate
  • The middle of the week is a minor cycle turn window
  • Only over 1.3800 shifts our near-term trend bias back to positive

EUR/USD Strategy: Favor the short side while below 1.3800


Support 2

Support 1


Resistance 1

Resistance 2







Price & Time Analysis: AUD/USD

PT_JAN_13_body_Picture_2.png, Price & Time: USD/JPY Fails Again

Charts Created using Marketscope – Prepared by Kristian Kerr

  • AUD/USD tested the 9th square root realtionship of the 4Q13 high at .8860 again last week before reversing sharply higher
  • Our near-term trend bias is higher while above .8860
  • A variety of Fibonacci and Gann price relationships converge between .9040 and .9060 and strength over the latter is needed to expose the next key zone of resistance at .9160
  • A medium-term cycle turn window is seen on Tuesday and Wednesday
  • Interim support is seen at .8960, but only weakness under .8860 on a daily closing basis will turn us negative on the Aussie

AUD/USD Strategy: Like the long side while over .8860.


Support 2

Support 1


Resistance 1

Resistance 2







Focus Chart of the Day: USD/JPY

PT_JAN_13_body_Picture_1.png, Price & Time: USD/JPY Fails Again

The reversal in USD/JPY we have been writing about over the past couple of weeks has finally begun to take shape following Friday’s second failure at critical long-term retracement resistance near 105.35/55. Initial weakness on Friday stalled again at a Gann angle line related to the 2011 low with the exchange rate closing right on this level to end the week. The new week, however, has seen this support level easily give way leading to a fairly quick drop to test the second square root relationship of the year-to-date high around 103.35. This level is an important near-term pivot with clear weakness below (daily close) needed to signal that a more ominous decline is unfolding. Interim resistance is now seen at 104.40 and 104.85. Time cycle analysis suggests the second half of next week is the next turn window of importance.

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

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

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 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.