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.

Free Trading Guides
EUR/USD
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
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
Bearish
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
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.61% 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.13% 🇪🇺EUR: 0.05% 🇯🇵JPY: -0.09% 🇨🇭CHF: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/s3MLiKuPZs
  • Heads Up:🇨🇦 CAD Consumer Price Index (YoY) (DEC) due at 13:30 GMT (15min), Actual: N/A Expected: 2.3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-01-22
  • Heads Up:🇨🇦 CAD Consumer Price Index n.s.a. (MoM) (DEC) due at 13:30 GMT (15min), Actual: N/A Expected: 0.0% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-01-22
  • Heads Up:🇨🇦 CAD New Housing Price Index (YoY) (DEC) due at 13:30 GMT (15min), Actual: N/A Expected: N/A Previous: 0.0% https://www.dailyfx.com/economic-calendar#2020-01-22
  • Potentially important move higher here in $GBPUSD, perhaps prompted by positive CBI business optimism data. Here's what I wrote earlier about the significance of such a trendline break https://www.dailyfx.com/forex/market_alert/2020/01/22/British-Pound-GBP-Latest-GBPUSD-Testing-Resistance.html?CHID=9&QPID=917711 https://t.co/QAJeoUIOhB
  • Tune in to @PeterHanksFX 's #webinar at 9:00 AM ET/2:00 PM GMT as he discusses top levels to watch on #DAX, #DOW & more. Register here: https://t.co/Rwbt9avERj https://t.co/LAfrVxEqoy
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/gu80CkWwDS
  • Join @CVecchioFX's #webinar at 8:45 AM ET/ 1:45 PM GMT for live data coverage on the #BoC rate decision. Register here: https://t.co/3JEIoXOOLn https://t.co/L3mybTlACk
  • $GBPUSD Cable right back to 3117 https://t.co/l6K8QP871u
  • 6-3 Unchanged..... Vlieghe to join doves.... BoE to wait for hard data post GE. Also, fiscal stimulus will be coming https://t.co/ZNmq5hxhtM
Euro Dragonfly Doji

Euro Dragonfly Doji

2011-03-16 15:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Candles

TopHeadline_1_body_eurusd.png, Euro Dragonfly Doji

Prepared by Jamie Saettele

The EURUSD is holding above its support line that dates to January. Yesterday’s candle was a dragonfly doji, which is bearish. Also, 3 wave movements are countertrend and EURUSD rallies from 11875 and 12873 are each in 3 waves. Both 3 wave movements are divided in Fibonacci proportion (the rally from 11875 consists of 2 equal legs while the rally from 12873 is divided by .618). A trendline extended off of the November 2009 and November 2010 highs held last week as well. Weakness below 13743 is needed in order to indicate an intra month reversal and give bears some breathing room. COT positioning warns of a reversal.

Click here to see outlooks for the rest of the USD majors.

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

DISCLOSURES

News & Analysis at your fingertips.