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
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
Wall Street
Bearish
Gold
Bearish
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
More View more
Real Time News
  • South Korean Vice Finance Minister Kim Yong-Beom: South Korean stock market volatility may expand. Recent Won gains may be due to Chinese Yuan's rise -BBG
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:https://t.co/QQwAZTxZFg https://t.co/4zDmzLQZ3j
  • #EURUSD Selloff to Accelerate? Biden-Trump Race for Florida Tightens - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/09/23/EURUSD-Selloff-to-Accelerate-Biden-Trump-Race-for-Florida-Tightens.html
  • $AUDUSD has recorded 4 consecutive down-days for the first time since mid-June, with price collapsing below the 61.8% Fib to support at the June high (0.7064) The last time $AUDUSD recorded losses for five days in a row was during the #Coronavirus Crash in March $AUD https://t.co/RZZ5SGRMnJ
  • 🇳🇿 Balance of Trade (AUG) Actual: N$-353M Previous: N$447M https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇳🇿 Balance of Trade (AUG) due at 22:45 GMT (15min) Previous: N$282M https://www.dailyfx.com/economic-calendar#2020-09-23
  • Could #CrudeOil prices be readying to resume the former uptrend? Or will prices extend losses ahead? #WTI has lately been trading within a Symmetrical Triangle chart pattern Learn more about this formation here - https://www.dailyfx.com/education/technical-analysis-chart-patterns/triangle-pattern.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/g9UlHCePF1
  • Australian Dollar has broken parallel support and remains at risk for further losses within the broader June uptrend. Get your $AUDUSD technical analysis from @MBForex here:https://t.co/gTmlLX5t06 https://t.co/GfEixh5aoP
  • Update on #Cryptocurrencies #BITCOIN +0.27% #BITCOINCASH +0.49% #ETHEREUM +0.21% #RIPPLE +0.49% #LITECOIN +0.38%
  • The Nasdaq 100 just pulled back near an important area of big-picture support via the top of the decade-long channel it left behind back in July. Get your #Nasdaq technical analysis from @PaulRobinsonFX here:https://t.co/XhipuEMhyN https://t.co/BhSnsxU4IJ
Price & Time: Downside Break in the Euro Before Payrolls?

Price & Time: Downside Break in the Euro Before Payrolls?

2015-03-03 13:30:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • USD/JPY stalls at near key Gann angle line
  • AUD/USD recover sharply from the mid-channel
  • EUR/USD nearing year-to-date low

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

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Price & Time: Downside Break in the Euro Before Payrolls?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY traded at its highest level in three weeks this morning before stalling out around the 2x1 Gann angle line of the 2014 high
  • Our near-term trend bias is positive while above 118.40
  • A move through 120.85 is needed to signal the start of a more meaningful push higher
  • The next turn window is eyed around the end of the week
  • A close below 118.40 would turn us negative on USD/JPY

USD/JPY Strategy: Like holding only reduced longs above 118.40.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*118.40

119.50

119.80

120.00

*120.85

Price & Time Analysis: GBP/USD

Price & Time: Downside Break in the Euro Before Payrolls?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • GBP/USD failed last week at the 38% retracement of the September to January decline
  • Our near-term trend bias is negative while below 1.5550
  • A move below 1.5300 is needed to confirm that the broader downtrend is beginning to re-emerge
  • An important turn window is seen around the first part of next week
  • A close back over 1.5550 would turn us positive on the pound

GBP/USD Strategy: Looking to sell on strength against 1.5550.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

GBP/USD

*1.5300

1.5340

1.5370

1.5440

*1.5550

Focus Chart of the Day: EUR/USD

Price & Time: Downside Break in the Euro Before Payrolls?

EUR/USD has turned nicely lower from the cyclical turn window we highlighted last month (Read HERE). Late last week the single currency did record a new low close for the year which is a strong sign that the broader downtrend is indeed starting to reassert itself. Attention now is obviously on the year’s absolute low just under 1.1100. Gann often said that the most important time for a market is when it tests old highs and lows so we should learn a lot about the exchange rate in upcoming sessions. An easy break of the 1.1100 area would confirm the action seen late last week and set the stage for another meaningful extension lower in the euro in the weeks ahead. Likewise a failure to easily crack 1.1100 would be an interesting change in behavior. However, we would really need to see strength back over 1.1300 to signal that any sort of reversal is actually taking shape.

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