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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
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
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • 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:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
Price & Time: EUR/USD - Subtle Change In Behavior?

Price & Time: EUR/USD - Subtle Change In Behavior?

2015-10-06 14:30:00
Kristian Kerr, Sr. Currency Strategist

Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time

Talking Points

  • EUR/USD fails at Gann resistance
  • Cycles turn positive later in the week

Unfamiliar with Gann Square Root Relationships? Learn more about them HERE

EUR/USD: Subtle Change In Behavior?

Price & Time: EUR/USD - Subtle Change In Behavior?

I haven’t written about EUR/USD in almost a month because I am still not sure what is going on. The timing surrounding the August high in EUR/USD was potentially significant as it occurred 161 calendar days from the March low, 89 calendar days from the May low, 35 (one day off 34) calendar days from the July low and 13 calendar days from the August low. The big dilemma for me is whether that spike high in August marked the end of the corrective phase for the euro or not.

Subsequent price action since then suggests there is a decent chance it may have as EUR/USD has failed twice now against the 1x2 Gann angle of the August closing high (red line on chart). The first time on a closing basis in mid-September and the second time on an intraday basis last week (which was also the 4th square root relationship of the August high). These two failures at resistance indicate a subtle change in behavior has occurred. Focus for me now is on a Gann pivot around 1.1070 with traction below there needed to confirm that a more serious decline is indeed underway.

Some caution is warranted heading into the end of the week as a convergence of short-term cyclical relationships point to a potential counter-trend rally or at least an attempt at one. However, only a daily close above the 1x2 Gann angle line (today around 1.1300) would neutralize the budding negative view.

--- Written by Kristian Kerr, Senior Currency Strategist for

To contact Kristian, e-mail Follow me on Twitter @KKerrFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.