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. See our updated Privacy Policy here.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
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
More View more
Real Time News
  • 🇧🇷 Business Confidence (JUN) Actual: 61.7 Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 74.94%, while traders in France 40 are at opposite extremes with 78.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/mAeMikv4Fm
  • Heads Up:🇧🇷 Business Confidence (JUN) due at 17:00 GMT (15min) Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
  • Has Bitcoin Bottomed? PTJ Makes Crypto Bull Case (Again) https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/06/14/has-bitcoin-btc-btcusd-bottomed-ptj-makes-bull-case.html #BTC https://t.co/5AVns1VChh
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.34% Silver: 0.10% Gold: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Pd49xggkDe
  • Gold prices put in a major breakout last month, and so far buyers have been able to hold the bullish trend. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/NGRTSfceOW https://t.co/WeYD451eCw
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.23% 🇨🇦CAD: 0.17% 🇪🇺EUR: 0.14% 🇬🇧GBP: 0.03% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/18JsQysBpm
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.10% France 40: -0.12% FTSE 100: -0.15% US 500: -0.21% Wall Street: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/11CO324Vg7
  • May consumer inflation expectations for the medium term climb to 4% from 3.4% in April.Get your market update from @DColmanFX here:https://t.co/Dsa5Sxn0fU https://t.co/oGStoYQ8qq
  • Heads Up:🇧🇷 Business Confidence (JUN) due at 16:00 GMT (15min) Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
Price & Time: EUR/USD Double Top or About to Breakout?

Price & Time: EUR/USD Double Top or About to Breakout?

Kristian Kerr, Sr. Currency Strategist

Talking Points

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: EUR/USD Double Top or About to Breakout?

ChartPrepared by Kristian Kerr

  • USD/JPY continues to consolidate above the 50% retracement of the May – June advance at 122.40
  • Our near-term trend bias is lower in the exchange rate while below 124.40
  • Weakness under 122.40 is needed to set off a more important move lower in USD/JPY
  • Minor turn windows are seen today and Wednesday
  • A close over 124.40 would turn us positive on the exchange rate

USD/JPY Strategy: Like the short side while below 124.40.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

121.70

*122.40

123.30

123.55

*124.40

Price & Time Analysis: GBP/USD

Price & Time: EUR/USD Double Top or About to Breakout?

ChartPrepared by Kristian Kerr

  • GBP/USD traded at a new 7-month high last week before stalling out near the 50% retracement of the 2014 high and this year’s low
  • Our near-term trend bias is higher in Cable while above 1.5675
  • A close over 1.5875 is needed to expose a Fibonacci/Gann cluster between 1.5990 and 1.6020
  • A minor turn window is seen around the middle of the week
  • A daily close below 1.5675 would turn us negative on the pound

GBP/USD Strategy: Like the long side while over 1.5675

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

GBP/USD

*1.5675

1.5830

1.5910

*1.5875

1.5990

Focus Chart of the Day: EUR/USD

Price & Time: EUR/USD Double Top or About to Breakout?

EUR/USD recorded a new month-to-date high late last weekand actually came within a few pips of testing the quarter-to-date closing high at 1.1442 before stalling out. Is the euro undergoing a double top backtest before turning lower or is it about to break out and extend the multi-month advance? The next 24-28 hours should prove key in determining which path the euro will take as near-term cyclical analysis suggests we have reached an inflection point of sorts. If the broader downtrend is going to re-assert itself here then EUR/USD shouldn’t really rally past last week’s 1.1435 high. Traction above this level would be a strong sign that multi-month correction in the single currency is nowhere near finished. A failure, on the other hand, at or around current levels followed by a break of median-line channel support at 1.1230 over the next few sessions would confirm a change in behavior and re-focus attention lower in the single currency.

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