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
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 09:25 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-22
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/juZeQ5JaSQ
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/Oqnnk57ZxZ
  • Heads Up:🇬🇧 BoE Haldane Speech due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-22
  • Gold Price Rise May Struggle to Continue as the US Dollar Rebounds - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/10/22/Gold-Price-Rise-May-Struggle-to-Continue-as-the-US-Dollar-Rebounds.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/AxhHfg3xO6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.70%, while traders in EUR/USD are at opposite extremes with 72.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gysepTAwct
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/zdvmFNiqLD
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.27% Silver: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5KtqG4d8Ym
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.04% 🇪🇺EUR: -0.08% 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.15% 🇦🇺AUD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tTYWvu60SE
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.25% US 500: -0.35% Wall Street: -0.36% France 40: -0.40% Germany 30: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/cyYqs9hGYZ
Volume Figures Not Supporting Most Recent Leg Down in Euro

Volume Figures Not Supporting Most Recent Leg Down in Euro

2014-09-19 14:00:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • EUR falls to YTD lows, but volume diminishes
  • Volume picture remains supportive for USD/JPY
  • Glaring OBV divergence in USD/CHF a potential negative in the near-term

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

Daily Volume Chart: EUR/USD

Volume Figures Not Supporting Most Recent Leg Down in Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD fell to its lowest level in 14 months this week
  • Daily volume has been in a steady rise since July which bolsters the medium-term downtrend
  • However, daily volume over past week has been below average despite the new lows and is a possible sign of a fatigue in trend
  • On-Balance-Volume has also failed to surpass the early September lows and is another sign that a correction is looming
  • A move through 1.3010 on higher than normal volume is needed to confirm that a more serious counter-trend move is underway

Daily Volume Chart: USD/JPY

Volume Figures Not Supporting Most Recent Leg Down in Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY touched its highest level since 2008 this week
  • A steady rise in volume has accompanied the move higher since July
  • The steadyc rise in On-Balance-Volume is supportive
  • Price move under 106.80 on above average volume, however, would force a re-think of the broader positve bias

Daily Volume Chart: USD/CHF

Volume Figures Not Supporting Most Recent Leg Down in Euro

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/CHF traded to its highest level in over a year this week
  • Steady volume rise since May is supportive of broader trend
  • Divergence in daily OBV, however, suggests the exchange rate is becoming vulnerable to a correction in coming weeks
  • A daily close below .9295 on above average volume is needed to shift near-term bias lower

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