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
Subscribe
Please try again
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
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
Wall Street
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
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:https://t.co/Y1d4DXeKEE https://t.co/sD5elbDCWa
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.99%, while traders in France 40 are at opposite extremes with 75.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Xopq2F0ZEs
  • (Crypto Tech Special) Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) Analysis: Is Momentum Fading? #Bitcoin #BTC #Litecoin #LTC #Ethereum #ETH https://www.dailyfx.com/forex/technical/article/special_report/2021/04/15/Bitcoin-BTC-Litecoin-LTC-Ethereum-ETH-Analysis-Is-Momentum-Fading.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/RkduJG4S4C
  • The Dollar extended its slide this past session as Fed's Powell tried to soften the 'eventual taper' message. Ahead, we have US retail sales, more quarterly earnings (BLK, TSM, DAL), Turkish CB rate decision and China 1Q GDP. Targeted volatility ahead? https://www.dailyfx.com/forex/video/daily_news_report/2021/04/15/Dollar-Tumble-Continues-as-Powell-Deflects-Taper-Retail-Sales-Earnings-and-Crypto-Ahead.html https://t.co/NP6sWFeB7s
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.06% 🇳🇿NZD: 0.01% 🇨🇦CAD: -0.02% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.09% 🇦🇺AUD: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OKyitguR1H
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.13% FTSE 100: 0.13% US 500: 0.07% Germany 30: -0.08% France 40: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hKFGqiob3c
  • Heads Up:🇮🇩 Balance of Trade (MAR) due at 04:00 GMT (15min) Expected: $1.64B Previous: $2.01B https://www.dailyfx.com/economic-calendar#2021-04-15
  • The USD was flat against SGD, THB, IDR and PHP as falling Treasury yields offset potential gains from Emerging Market Stock declines. Ahead, all eyes are on Chinese GDP, US CPI, Powell and the MAS. Get your $USD market update from @ddubrovskyFX here:https://t.co/qwileJ3OUX https://t.co/E1CgQSp4xH
  • BOK's Lee: - Yields under close watch - Will be a "considerable time" before digital currency issuance - Growth potential may be much lower than it was before Covid - BBG
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.10% Oil - US Crude: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qKzhq3VVN3
Technical Weekly: AUD/USD Shows Signs of Struggle

Technical Weekly: AUD/USD Shows Signs of Struggle

Jamie Saettele, CMT, Sr. Technical Strategist
  • EUR/USD responds at a big level
  • AUD/USD signs of struggle at long term resistance
  • USD/JPY respecting big levels on both sides

--Subscribe to Jamie Saettele's distribution list in order to receive a free report to your inbox several times a week.

EUR/USD

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

“Watch for support near 1.0462-1.0539 (2015 lows).” Low this week was 1.0520, which is a few ticks under the December 2015 low. The ‘response’ at the level is promising in the context of a possible EUR/USD basing pattern but nothing more. Price action is muted to put it lightly and so are my opinions. As noted last week, “I think that EUR/USD is bottoming but am unsure if the low is in. A reversal on the first day, week, and month of the year is the best way for a market to reverse a major trend but upside from the low isn’t impressive (couldn’t even register an RSI above 70 on the daily for example).”

Check out the DailyFX Trading Guides and webinars for ideas and education.

GBP/USD

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

There is no change to the long term GBP/USD comments, which continues to consolidate above the 13 week average following a sharp reversal. “Cable has followed through on the weekly reversal and closed above the 13 week average. The high is at the November high and a long term parallel so it could take some time to work out the kinks before an extension higher. The long term cycle is the most intriguing of all. “Did the 96 month (8 year) cycle low count just nail a major GBP/USD low (cycle is in February but give this some wiggle room)?

AUD/USD

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

A key reversal (small range however) unfolded in Aussie. The prior week formed a doji. The view that an important bullish base has formed remains but the action of the last 2 weeks at resistance (.7700-.7835) warns of a pause in what has been the trend of 2017. Keep the RSI comments from last week in mind…”Weekly RSI has peaked at/near 60 on every bounce since after the 2011 peak. RSI at the 2 most recent lows (January 2016 and January 2017) are near 40, which is a positive. In other words, the momentum profile has improved which increases risk of an upside break.”

NZD/USD

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

Kiwi remains capped by the upper end of its 2016 range and a channel line. Peaks in NZD/USD since the summer have been anything but clean but that may be changing as Friday’s high was right at the December high. Clean reactions at clean levels is a plus. I lean towards the downside with focus on the 55 week average (maybe a bit below).

USD/JPY

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

USD/JPY range levels continue to play out. The high this week was the same price that was resistance in February 2016 (almost 1 year exactly…high last year was on 2/16…this week the high was on 2/15). I don’t consider the long upper wick on the weekly candle as a bearish characteristic because price is near the bottom of its range. A reversal bar implies reversal from a trend and in this case there is no trend to reverse. “The trendline / horizontal level above price and 110.67-111.90 range below price make for solid range barriers.”

USD/CAD

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

USD/CAD is still stuck although the inside week at support is promising for a low. Loonie remains above long term parallels. From a momentum perspective, RSI failed at 60 on the latest rally. This characteristic is associated with either a downtrend or sideways trend. Also, the rally from May 2016 is corrective so the bias is for impulsive weakness but I don’t like being bearish into support (parallels).

USD/CHF

Weekly

Technical Weekly: AUD/USD Shows Signs of Struggle

Chart Prepared by Jamie Saettele, CMT

See REAL TIME trader positioning

I’m still content to ‘think higher’ into late February/early March as Swissie has tended to top during that time period the last several years. “Broad upside potential is possible as long as price is above the 2011-2014 trendline. The trendline is near .9850 on log scale and just above .9700 on arithmetic (shown here). The topside of the wedge is worth knowing near 1.0450 (line off of 2012 and 2015 highs). Essentially, the wedge barriers are all I care about…all else is noise.”

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

DISCLOSURES