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.

Free Trading Guides
EUR/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
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
Bullish
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
Bitcoin
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 JPY Nikkei Japan PMI Manufacturing (NOV P) due at 00:30 GMT (15min), Actual: N/A Expected: N/A Previous: 48.4 https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT), Actual: 0.4% Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY National Consumer Price Index (YoY) (OCT), Actual: 0.2% Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT), Actual: 0.7% Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • The $CAD may fall if local CPI and retail sales data adds fuel Bank of Canada easing bets. Where do AUD/CAD, NZD/CAD and GBP/CAD stand ahead of the Canadian data? Get your market update from @ddubrovskyFX here:https://t.co/oIDWTbIFu9 https://t.co/rEAbfmoYa7
  • Heads Up:🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • RT @KyleR_IG: * CBA AUSTRALIA NOV. FLAS COMPOSITE PMI 49.5 VS 50 IN OCT * CBA AUSTRALIA NOV. FLASH SERVICES PMI 49.5 VS 50.1 IN OCT * CBA A…
  • #Gold: For the bull-flag to get into motion the top-side parallel of the pattern will need to be crossed, something that may have to wait until early next year. Get your $XAUUSD technical analysis from @PaulRobinsonFX here:https://t.co/MYNsQmAPXJ $gld https://t.co/xObRO4DIdh
Price & Time: Range Low in the Euro?

Price & Time: Range Low in the Euro?

2014-05-27 12:00:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • Just a squeeze or something more in USD/JPY?
  • USD/CAD turns down from key Gann level
  • EUR/USD still flirting with 200-day moving average

New to Currency Trading? Learn More HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Price & Time: Range Low in the Euro?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY has rebounded aggressively over the past few days from just above the year-to-date low at 100.75
  • Our near-term trend bias is lower in exchange rate while below 102.80
  • A daily close under 101.35 is needed to signal an important downside resumption
  • An important cycle turn window is eyed around the end of the month/start of June
  • Traction over Gann resistance at 102.80 would shift the near-term trend bias to positive in USD/JPY

USD/JPY Strategy: Like the short side while below 102.80.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*100.75

*101.35

101.90

102.15

*102.80

Price & Time Analysis: USD/CAD

Price & Time: Range Low in the Euro?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/CAD has come under steady downside pressure over the past few days after failing last week to close over the 1st square root relationship of the year’s low at 1.0915
  • Our near-term trend bias is lower in Funds while under 1.0915
  • The 1.0790 area is a key downside pivot with weakness below this level needed to signal that a more important decline is underway
  • A minor cycle turn window is eyed mid-week
  • A daily close over 1.0915 would shift focus higher

USD/CAD Strategy: Like the short side while below 1.0915.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/CAD

1.0740

*1.0790

1.0840

1.0855

*1.0915

Focus Chart of the Day: EUR/USD

Price & Time: Range Low in the Euro?

EUR/USD has been in a steady downtrend since peaking at the 11th square root relationship of the 2013 low near 1.4000 earlier this month. Friday’s close below the 1.3640 3rd square root relationship of the year-to-date high keeps our focus lower in the exchange rate, but caution is required heading into next week as a variety of short and medium-term cycles will be converging around this time and at least a minor reversal looks possible (probably before the ECB meets). The bottom of the 1-year standard deviation channel comes into play around 1.3560 while the 4th square root relationship of the year’s high is at 1.3620 making this an ideal zone for a potential turnaround. A move back through the Gann and Fibonacci resistance at 1.3755 would warn that the rate has bottomed ahead of schedule.

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

News & Analysis at your fingertips.