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
GBP/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
USD/JPY
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
Gold
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
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Get your market update from @DavidCottleFX here:https://t.co/Qon7QUO80c https://t.co/rCOG78QQ2M
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your market update from @IlyaSpivak here: https://t.co/4lHhHsby56 $XAUUSD https://t.co/JmZxckVHdS
  • Cable (GBP/USD) remains just off its seven-month high print around 1.3165 as traders start to move to the side lines ahead of next Thursday’s General Election vote. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/CpCh13J9ZH #Brexit https://t.co/PIh6WUqbsK
  • (Weekly Technical Outlook) GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD Outlook as UK Election Looms $GBPUSD $EURGBP $GBPJPY #UKelection2019 - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/12/07/GBPUSD-EURGBP-GBPJPY-GBPCAD-Outlook-as-UK-Election-Looms.html?CHID=9&QPID=917702 https://t.co/iuILHYczJ7
  • Why do you require consistency in trading and why does it matter? Find out: https://t.co/WlEFlluGfZ #tradingstyle https://t.co/TkMtJQKatx
  • By issuing debt denominated in $USD, China is making a long-term bet that it will be cheaper to pay back its loans over time in the US Dollar; it believes the value of the US Dollar will fall. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/xV9urXXf48
  • What are some risk trading management techniques? Find out: https://t.co/RShdlDz9RA #tradingstyle https://t.co/M3ASPIHAep
  • #Dow Jones stages impressive recovery on a firm NFP report. #FTSE 100 eyes UK general election. Get your equities technical analysis from @JMcQueenFX here: https://t.co/o28UcG6N3l https://t.co/SwGAaFCFND
  • Why do you require consistency in trading and why does it matter? Find out: https://t.co/f4y1FOOZnM #tradingstyle https://t.co/x5HgYopWc5
  • The USD may rise if the FOMC re-affirms its data-dependent approach and cools 2020 rate cut bets. US retail sales and CPI data may also give the Fed impetus to hold rates. Get your $USD market update from @ZabelinDimitri here: https://t.co/XnDITaDOox https://t.co/A480uVMqF2
Price & Time: King Dollar

Price & Time: King Dollar

2014-09-30 12:15:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • Euro falls to a 2-year low
  • AUD/USD test closing low of the year
  • USD/CHF continues to power higher

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

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

Price & Time: King Dollar

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD has fallen to its lowest level in two years this morning
  • Our near-term trend bias is lower while below 1.2705
  • A close under 1.2585 is needed to confirm that a more important leg lower in underway
  • A turn window of some important is eyed later next week
  • A close over 1.2705 would turn us positive on the euro

USD/JPY Strategy: Like holding reduced long short positions while below 1.2705.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

1.2500

*1.2585

1.2595

1.2650

*1.2705

Price & Time Analysis: AUD/USD

Price & Time: King Dollar

Charts Created using Marketscope – Prepared by Kristian Kerr

  • AUD/USD fell to its lowest level since early January on Monday before finding support near the year’s closing low in the .8680 area
  • Our near-term trend bias is lower in the Aussie while below .8815
  • A close under .8680 is needed to set off the next important leg lower in the pair
  • A minor turn window is eyed later next week
  • A close over .8815 area would turn us positive on the Aussie

AUD/USD Strategy: Like the short side while below .8815

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

AUD/USD

.8655

.8680

.8725

.8755

*.8815

Focus Chart of the Day: USD/CHF

Price & Time: King Dollar

Timing methods, sentiment and even extreme overbought conditions have served of little use over the past few weeks in USD/CHF as the exchange rate has continued to power higher despite these caution flags. We believe that at some point these conditions will lead to some sort of snapback, but it is now a guess as to when. There is some timing over the next few days, but if recent reactions by other USD pairs are a guide the market will pay little attention to this cyclical resistance. Interesting price resistance is eyed between .9600 and .9625 as this marks a convergence of the 78.6% retracement of the 2013-2014 decline and the 10th square root relationship of the year’s low, but only a clear failure price action wise would warrant going counter trend. Over .9625 exposes Fibonacci resistance near .9700.

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

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.

--- 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.