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
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
Wall Street
Bullish
Gold
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
Mixed
More View more
Real Time News
  • RT @IGTV: Looking ahead to next week, @JMcQueenFX looks at $NZDCAD and $NZDJPY ahead of next week’s rate decision from the Reserve Bank of…
  • Canadian #Dollar Outlook: $USDCAD Responds to Major Trend Support - https://t.co/4fMIS32WYJ https://t.co/qbC1xYLo6W
  • GBP/USD is close to recovering all of the COVID-19 sell-off seen in March and will need new drivers to push further higher. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/ZTGGMm0vYx https://t.co/RkdBbIUUXT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.31% 🇨🇭CHF: -0.46% 🇨🇦CAD: -0.54% 🇪🇺EUR: -0.79% 🇦🇺AUD: -0.84% 🇳🇿NZD: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/e0bdKqxsfz
  • Secretary Pompeo says actions on Hong Kong send clear message - BBG
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% France 40: 0.08% FTSE 100: 0.06% US 500: -0.05% Wall Street: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fho9Xdiw4A
  • $Gold pullback has finally started. Given aggression on the bid this week, could be end of week profit taking after a really big run to fresh all time highs. Picking off support potential going to be a challenge, but a couple of relatively nearby spots of prior res $GC $GLD https://t.co/c76XHAuzHd https://t.co/GKYJ9qKyS7
  • Fed's Rosengren says Main Street program inherently more complex to put in motion - BBG
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -1.16% Gold: -1.34% Silver: -4.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8S8pnf2A6e
  • The Dollar's rally has offered up some EURUSD range in its well-defined 1.19-1.17 zone, but $GBPUSD has a break within its range shift that could carry more weight into next week https://t.co/jzJTfzcN1n
Price & Time: USD/JPY Struggles Higher

Price & Time: USD/JPY Struggles Higher

2015-07-21 12:30:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

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: USD/JPY Struggles Higher

ChartPrepared by Kristian Kerr

  • EUR/USD fell to its lowest level in almost three months this morning
  • Our near-term trend bias is lower in the euro while below 1.0980
  • A daily close below the May low around 1.0820 is needed to kick off a more serious decline
  • A very minor turn window is eyed today
  • A close back over 1.0980 would turn us positive on EUR/USD

EUR/USD Strategy: Like the short side while below 1.0980.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

1.0785

*1.0820

1.0850

1.0885

*1.0980

Price & Time Analysis: NZD/USD

Price & Time: USD/JPY Struggles Higher

ChartPrepared by Kristian Kerr

  • NZD/USD found support late last week at .6500 and has rallied steadily over the past few days
  • Our near-term trend bias is lower in the Kiwi while below .6730
  • A move back under .6500 is needed to re-instill some downside momentum into the exchange rate
  • A minor turn window is eyed later this week
  • A daily close above .6730 would turn us positive on the Bird

NZD/USD Strategy: Like the short side while below .6730

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

NZD/USD

*.6500

.6555

.6610

.6635

*.6730

Focus Chart of the Day: USD/JPY

Price & Time: USD/JPY Struggles Higher

USD/JPY has traded steadily higher since breaking above a trendline connecting the June highs last week. While the move up in price has been impressive over the past few days, volume has lagged severely and fallen to levels well below recent averages (which were already low to begin with). This is a bit of a concern and certainly raises the possibility that some sort of secondary high is playing out in in the exchange rate. The 124.40 mid-June high and the 78.6% retracement of the June – July decline at 124.70 are key levels to monitor over the next few sessions. Interestingly volume at price (not shown) also suggests the 124.70 area is signficant. Traction above here (ideally with stronger volume) is needed to alleviate some of our concern. A failure around current levels followed by a break of support around 123.00 would turn things negative.

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

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.