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.

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
Mixed
Oil - US Crude
Bearish
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
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
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
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.27% 🇳🇿NZD: -0.28% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uDoBCy0PfZ
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.34% France 40: 0.18% US 500: 0.07% Wall Street: -0.02% FTSE 100: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sjo06l6WZa
  • $EURUSD traders are in for a busy week with a raft of important economic releases, the latest ECB policy meeting and President-elect Joe Biden’s inauguration all hitting the market in a matter of a few days. Get your $EURUSD update from @nickcawley1 here: https://t.co/mOOzNnfwLL https://t.co/DEVMWKiZ0l
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: 0.39% Oil - US Crude: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UiZvDLCvUl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 68.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Od7eL4ih4L
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.38% Gold: 0.30% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wQaxDJ4OL5
  • 2021 has been a marginally positive year for the Indian Rupee (INR) following similar trends exhibited by other Emerging Market (EM) currencies. Get your $IRN update from @WVenketas here: https://t.co/ZVYvhWwtqc https://t.co/v9Or9Wbr00
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% France 40: 0.09% US 500: -0.01% Wall Street: -0.12% FTSE 100: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/G1sovXmpL4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 69.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wV5vwmmXEJ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/YgOdg2ric6
Weekly Price & Time: Gold Trades at Multi-Month High

Weekly Price & Time: Gold Trades at Multi-Month High

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • EUR/USD threatening an important break, key resistance level is near
  • USD/JPY fails at important Gann level, bigger correction looming?
  • GOLD records 7-month high - where to next?

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

Weekly Foreign Exchange Price & Time at a Glance:

Weekly Price & Time Analysis: EUR/USD

WPT_Mar_14_body_Picture_3.png, Weekly Price & Time: Gold Trades at Multi-Month High

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD recorded a new multi-year high this week. But so far has been unable to surpass key resistance at 1.3970
  • Our longer-term trend bias is positive while above 1.3640
  • The 50% retracement near 1.3970 is key resistance and needs to be convincingly overcome to signal the ‘all clear’ for a more important run higher
  • A cycle turn window is seen late next week

Weekly EUR/USD Strategy: Looking to buy on weakness.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

*1.3640

1.3830

1.3920

*1.3955/70

1.4000

Weekly Price & Time Analysis: USD/JPY

WPT_Mar_14_body_Picture_2.png, Weekly Price & Time: Gold Trades at Multi-Month High

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY has come under aggressive downside pressure following last week’s failure at the 3rdsquare root relationshipof the year’s low at 103.75
  • Our broader bias is negative in the rate while below 104.40
  • The year’s low near 100.75 is critical support with a move below having very ominous implications for the exchange rate
  • A cycle turn window is seen next week
  • A weekly close back over 104.40 would turn us positive again on USD/JPY

Weekly USD/JPY Strategy: We like tactical short positions in USD/JPY while below 104.40 on a weekly close basis.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*101.35

102.35

103.20

103.75

*104.40

Weekly Price & Time Analysis: GOLD

WPT_Mar_14_body_Picture_1.png, Weekly Price & Time: Gold Trades at Multi-Month High

Charts Created using Marketscope – Prepared by Kristian Kerr

  • XAU/USD touched its highest level in 7-months on Friday
  • Our broader trend bias remains positive in the metal while above 1348
  • The 1395 level is key resistance with traction above needed to trigger gurther gains
  • Early next week is an important cycle turn window for the metal
  • A daily close under 1348 would turn us negative on Gold

Weekly XAU/USD Strategy: Like being long while over 1348

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

XAU/USD

1320

*1348

1382

*1395

1424

Unfamiliar with Gann Square Root Relationships? Learn more about them HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

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 instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES