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
Oil - US Crude
Mixed
Wall Street
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
GBP/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
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
More View more
Real Time News
  • 🇨🇦 Markit Manufacturing PMI Actual: 40.6 Previous: 33 https://www.dailyfx.com/economic-calendar#2020-06-01
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.27% FTSE 100: 1.11% France 40: 1.10% Wall Street: -0.13% US 500: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SSvDzENQ1m
  • Heads Up:🇺🇸 Markit Manufacturing PMI Final due at 13:45 GMT (15min) Expected: 39.8 Previous: 36.1 https://www.dailyfx.com/economic-calendar#2020-06-01
  • RT @C_Barraud: 🇨🇳 🇺🇸 #China Halts Some U.S. #Farm Imports, Threatening #Trade Deal - Bloomberg https://t.co/0nh9FVhg22
  • Heads Up:🇨🇦 Markit Manufacturing PMI due at 13:30 GMT (15min) Previous: 33 https://www.dailyfx.com/economic-calendar#2020-06-01
  • #FTSE remains a bit of a sluggish mess of price action since the March low, but even as such it is heading higher within a structure that can give traders a guide to lean on when making decisions.Get your FTSE technical analysis from @PaulRobinsonFX here: https://t.co/aKMcUaKJGd https://t.co/3uCGoAPhxg
  • Gilead Sciences Phase 3 trial - Remdesivr generally well-tolerated in both 5-10 day working treatment groups - Odds of improvement in clinical status with 10day course were trending toward by not reaching statistical significance
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.59%, while traders in US 500 are at opposite extremes with 75.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ebB7GRBgFs
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the month! https://t.co/chKtG7waxH
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.09% 🇨🇦CAD: 0.50% 🇳🇿NZD: 0.48% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/bVCqFfLZYU
Price & Time: Make Or Break For AUD/USD

Price & Time: Make Or Break For AUD/USD

2014-11-19 13:15:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • EUR/USD stalls just shy of key Gann pivot
  • USD/CAD rebounds off key support zone
  • AUD/USD nearing key long-term retracement

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: Make Or Break For AUD/USD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD failed Monday near the 2nd square root relationship of the year’s low at 1.2580
  • Our near-term trend bias is negative in the exchange rate while below 1.2580
  • A close under 1.2440 is now needed to confirm a resumption of the broader decline
  • A very minor turn window is eyed today
  • A close over 1.2580 would turn us positive on EUR/USD

EUR/USD Strategy: Like the short side while below 1.2580.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

1.2355

*1.2440

1.2535

1.2535

*1.2580

Price & Time Analysis: USD/CAD

Price & Time: Make Or Break For AUD/USD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/CAD found support on Tuesday from just above the 2nd square root relationship of the year’s high at 1.1250
  • Our near-term trend bias is higher in USD/CAD while above 1.1250
  • A move through 1.1355 is needed to trigger a more important leg higher in the exchange rate
  • A minor turn window is eyed today
  • A close under 1.1250 would turn us negative on USD/CAD

USD/CAD Strategy: Like the long side whilst over 1.1250.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/CAD

*1.1250

1.1305

1.1340

*1.1355

1.1420

Focus Chart of the Day: AUD/USD

Price & Time: Make Or Break For AUD/USD

AUD/USD has come under steady pressure since filling the November 3rd gap earlier this week. The break of a key downside pivot at .8695 this morning has prompted an aggressive mover lower which raises the possibility that the broader downtrend is trying to reassert itself. However, cyclical analysis suggests that time might be running out for the bears as another turn window is eyed on Thursday/Friday. AUD/USD needs to break below the key long-term retracement level at .8545 (50% retracement of 2008-2011 advance) before the end of the week to invalidate this potential positive cyclicality and confirm a resumption of the broader decline. Failure to gain traction under .8545 will warn that the November (upside) corrective process is not yet quite finished.

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