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
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
  • 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:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
Price & Time: Too Much "Hope" in USD/JPY?

Price & Time: Too Much "Hope" in USD/JPY?

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • EUR/USD respecting key Fibonacci retracement
  • Gold reverses sharply during important cycle turn window
  • USD/JPY looks vulnerable to a reversal next week

New to Currency Trading? Learn More HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD remains in a tight range below the 78.6% retracement of the March/April near 1.3900
  • Our near-term trend bias is higher in the Euro while over 1.3730
  • A move through 1.3900 is needed to trigger a new leg higher
  • Today and the middle of next week are important potential turn windows in the rate
  • A daily close under 1.3730 would turn us negative on the Euro

EUR/USD Strategy: Like the long side while 1.3730 holds.


Support 2

Support 1


Resistance 1

Resistance 2







Price & Time Analysis: GOLD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • XAU/USD reversed sharply last week off 1270 during a key Fibonacci turn window
  • Our near-term trend bias is lower in Gold while below 1306
  • A daily close under 1270 would confirm a resumption of the recent decline
  • A medium-term cycle turn window is eyed Friday/early next week
  • A move through 1306 will turn us positive on the metal

XAU/USD Strategy: Square here, may look to go long on a move through 1306.


Support 2

Support 1


Resistance 1

Resistance 2







Focus Chart of the Day: USD/JPY

USD/JPY found support at the beginning of the month near the 4th square root relationship of the year’s high in the 101.35 area. The recovery that has followed has been steady but has made little real upside progress as the exchange rate remains in the middle of its 3-month range. Interestingly despite this lack of progress on the upside, sentiment towards the Yen has fallen dramatically with the Daily Sentiment Index (DSI) touching just 13% bulls on Monday. Usually such extremes in sentiment are witnessed after powerful trends not minor recoveries like we have seen in USD/JPY over the past few weeks. Such conviction suggests to us that USD/JPY is vulnerable to a downside break in May. The first half of next week looks significant from a cyclical perspective and a high in USD/JPY is favored around this time.

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

--- 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.