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
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
GBP/USD
Bearish
USD/JPY
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
Gold
Bearish
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Breaking news

British Pound surges after UK exit poll shows Conservatives expected to win 368 seats out of 650

Real Time News
  • If you don't usually follow London/European markets, a good follow to get local insights during this UK election volatility is our own https://t.co/GhQS1Fuaxt
  • $USD $DXY | US Dollar Index plunges below the 97.00 handle to its lowest level since July as the British Pound rips higher on hopes that #Brexit 'paralysis' will be no longer https://t.co/k97BaRcPMK
  • #SP500 futures pointing noticeably higher heading into Friday's Asia Pacific trading session as sentiment-linked #AUD, #NZD soar, anti-risk #Yen lower after Trump signed a #TradeDeal and the UK exit poll crossed the wires. Risk-on tilt may follow ahead https://t.co/tBkofnYr1o
  • $GBPUSD is currently sporting its second biggest single-day rally since the UK voted for Brexit back in June 2016 https://t.co/6WU3Edud6L
  • RT @SamCoatesSky: Exit poll latest Approximate vote share: Conservative 46%, Labour 32%. The Conservative share might be greater than 1…
  • $EURUSD Daily Pivot Points: S3: 1.0966 S2: 1.1041 S1: 1.1085 R1: 1.116 R2: 1.119 R3: 1.1264 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Huge win for Boris Johnson, much larger majority than expected - GBPUSD rises sharply to 1.3477 (+2.3%) https://t.co/dbTSd6jGaY
  • My majors-based #GBP index (vs #EUR, #JPY, #AUD and #USD) is soaring to its highest since June 2016 (#Brexit Referendum) after the exit poll anticipated a 368 seat majority for the Conservatives. Actual results to follow ahead #UKGeneralElection - https://t.co/BtusF7Gjhm https://t.co/i2PAt0HQAE
  • $EURUSD appears to be running higher in wave 3 - notes from Monday's webinar https://www.dailyfx.com/forex/video/live_events/2019/12/09/gbpusd-eurusd-bullish-elliott-wave-patterns-JWweb-127.html https://t.co/KtdQpRRgIX
  • $GBP surges over 1.5% https://t.co/aC8TbI9Hjy
The Weekly Volume Report: Divergence Materializes on the Euro Chart

The Weekly Volume Report: Divergence Materializes on the Euro Chart

2014-09-12 15:00:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • OBV divergence potential positive for EUR
  • Overall volume picture remains supportive for USD/JPY
  • GBP/USD sees steady rise in turnover as Scotland vote looms

Get real time volume on your charts for free. Click HERE

Daily Volume Chart: EUR/USD

The Weekly Volume Report: Divergence Materializes on the Euro Chart

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD traded at its lowest level since July of last year this week
  • Daily volume has been in a steady rise since July which bolsters the medium-term downtrend
  • OBV, however, is sporting a minor divergence on the daily and is a potential reversal signal
  • However, dramatic increase in volume on a move through 1.3010 is needed to confirm that a more serious counter-trend move is underway

Daily Volume Chart: USD/JPY

The Weekly Volume Report: Divergence Materializes on the Euro Chart

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY touched its highest level in almost six years this week
  • A steady rise in volume has accompanied the move higher since July
  • The dramatic rise in On-Balance-Volume through the January highs is futher supportive
  • Volume decline over past few days as spot has reached new highs is a potential mear-term negative as exchange rate beginning to show signs of becoming overbought
  • Price move under 106.00on above average volume, however, would force a re-think of the broader positve bias

Daily Volume Chart: GBP/USD

The Weekly Volume Report: Divergence Materializes on the Euro Chart

Charts Created using Marketscope – Prepared by Kristian Kerr

  • GBP/USD fell to its lowest level since November of last year this week past week
  • Substantial volume rise over past few weeks bolsters decline
  • New yearly highs in OBV this week is also supportive of the downtrend
  • A daily close over 1.6305 on above average volume is needed to shift near-term bias higher

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

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

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.