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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.42%, while traders in France 40 are at opposite extremes with 78.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oVnfHgqKie
  • Key levels worth watching for gold price action $XAUUSD $GLD $GC_F https://t.co/J3jKDK23PW
  • Uninspiring close for the major US stock indices https://t.co/xF0x9v2AyH
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.00% Wall Street: -0.00% Germany 30: -0.09% France 40: -0.09% FTSE 100: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/07Dfr57x2u
  • A rebound off confluence support has USD/CAD eyeing near-term downtrend resistance just higher. Get your $USDCAD market update from @MBForex here:https://t.co/fPTwHd65rl https://t.co/jUzX00FnKe
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/08/04/US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-USD-CAD-USDCAD.html https://t.co/vRuwBes7bH
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: 0.03% Silver: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UeR1femBvZ
  • US Treasury Secretary Yellen: - We have seen significant price increases in recent months - Expects to see elevated inflation rates for some time - Inflation will recede in not too distant future and fall to levels in line with price stability by the end of the year $USD #Gold
  • @RichDvorakFX inverse H&S pattern in the context of the bull flag puts emphasis on bullish breakout potential...need >4430 for bullish confirmation imo
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.38%, while traders in France 40 are at opposite extremes with 78.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/x6BPnBF4lP
EUR/SEK Seen Accelerating on Break Back Above 8.95

EUR/SEK Seen Accelerating on Break Back Above 8.95

Joel Kruger, Technical Strategist

Eur/SekThe market remains very well supported and we look for another bounce out from the range lows and fresh upside extension back towards key multi-week resistance by 9.35 over the coming days. A sustained break above 9.35 should accelerate gains and mark a material bullish shift in the overall structure. Ultimately, only a weekly close below 8.90 would give reason for concern. Look to buy dips towards 8.90.

Usd/SekThe market looks to be in the process of a major structural shift, with the latest multi-day consolidation broken to confirm the formation of a higher low and next major upside extension beyond 7.00. Recent setbacks have been well supported by previous resistance at 6.30 to further confirm constructive outlook and expose a retest of the critical November 2010 highs by 7.07 further up.

Usd/Nok The market looks to be in the process of a major structural shift, with the latest multi-day consolidation broken to confirm the formation of a higher low and next major upside extension beyond 6.00. Recent setbacks have been well supported by previous resistance at 5.40 to further confirm constructive outlook and expose a sustained break of the 6.00 handle over the coming days. Back above 6.00 opens next key resistance zone by 6.25 area.

Eur/NokWe believe are finally starting to see the formation of a potential base in the cross following the latest sharp bounce out from some very solid support in the 7.50 area. From here, look for an acceleration of gains through the multi-week range highs by 7.95, with further acceleration expected on a break above 8.00. Only back below 7.60 concerns.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES