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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
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
Mixed
USD/JPY
Mixed
More View more
Breaking news

New Zealand Dollar on the move as home prices may be considered in RBNZ's remit

Real Time News
  • BoJ Governor Kuroda says no shift seen in Fed's policy stance - BBG
  • The New Zealand Dollar surged 0.6% against the greenback after its Finance Minister Grant Robertson raised concerns over rising house prices to the central bank, proposing the RBNZ to consider adding house prices as a factor when making monetary decisions https://t.co/C1poEj06Kr
  • I wonder if any other central banks would follow the lead of the RBNZ on pressure to factor in housing prices in monetary policy. Go way out on a limb and perhaps even consider capital market asset inflation...probably not https://t.co/Cke07Or35H
  • EUR/CHF IG Client Sentiment: Our data shows traders are now net-long EUR/CHF for the first time since Nov 16, 2020 08:00 GMT when EUR/CHF traded near 1.08. A contrarian view of crowd sentiment points to EUR/CHF weakness. https://www.dailyfx.com/sentiment https://t.co/WJ7ZCwf3Ak
  • NZD soaring on this as such an addition to the RBNZ's remit lowers the need to ease policy, given the current backdrop of rampant house prices https://t.co/2fx0VTUOZh
  • BoJ Governor Kuroda: Won't hesitate to add easing if needed BoJ measures are having a positive impact Nervousness in financial markets has eased somewhat - BBG $JPY #BoJ
  • 7 out of 11 S&P 500 sectors ended higher, with 73.1% of the index’s constituents closing in the green on Monday. Cyclical energy (+7.09%) , financials (+1.88%) and industrials (1.64%) were among the best performers, whereas real estate (-0.34%), healthcare (-0.30%) were lagging. https://t.co/bDpvRqEX4u
  • #ASX200 looking poised to extend its recent run higher as RSI climbs back into overbought territory Key resistance levels falling at the 50% (6674) and 61.8% (6755) Fibonacci's $XJO $ASX https://t.co/E7VADxCJ1o https://t.co/T3ICLoE9du
  • Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP Levels to Watch - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/11/24/Euro-Price-Action-Setups-EURUSD-EURJPY-EURGBP-Levels-to-Watch.html $EUR $EURUSD $EURJPY $EURGBP https://t.co/qxHSS90Rnd
  • BoJ Governor Kuroda: Japan's economy has picked up, still in severe state - BBG $JPY
US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

2015-05-15 14:55:00
David Rodriguez, Head of Product
Share:

- US Dollar takes out critical volume-based support versus the Euro and British Pound

- Greenback nonetheless continues to hold key levels versus Japanese Yen

- See more information on DailyFX on the Real Volume and Transactions indicators

Receive the Weekly Volume at Price report via PDF via David’s e-mail distribution list.

The US Dollar has broken below critical support versus the Euro and British Pound but continues to hold versus the Yen. Here are the levels to watch next.

EURUSD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez

The Euro has traded above critical resistance near the $1.1350 mark, and a hold above resistance-turned-support leaves momentum in place for testing further key levels from $1.15-1.16.

GBPUSD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The British Pound has traded above key resistance starting at the $1.5650, and said level now marks support. Further volume-based resistance starts at $1.59 and extends through $1.6150.

USDJPY

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The US Dollar continues to trade above critical support versus the Japanese yen, marked by a substantial build in volume in the ¥118-119 range. A near-term break below remains unlikely.

AUDUSD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The Australian Dollar trades at potentially significant volume-based resistance at about the $0.8100 mark. A previous price ceiling now acts as support near $0.7800, while a move above $0.81 targets further highs.

GBPJPY

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

An impressive rally in the Sterling leaves it significantly above meaningful resistance versus the Yen. Price targets remain at post-financial-crisis highs near ¥190, while support starts at ¥186.

EURJPY

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The Euro continues to trade below substantial volume-based resistance versus the Japanese Yen near the ¥137 mark which extends through ¥139. Our bias remains somewhat bearish as long it holds below.

USDCHF

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The US Dollar has broken below important volume-based support versus the Swiss Franc at SFr0.9350, and targets are now seen at volume-based support starting at SFr0.9050.

USDCAD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The US Dollar trades just above notable volume-based support versus the Canadian Dollar at C$1.2000, but a break below leaves little in the way of comparable support until C$1.16.

NZDUSD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The New Zealand Dollar recently broke below key volume-based support at $0.7500, and the previous price floor now acts as important resistance. Further breakdown targets multi-year lows near $0.7170.

AUDJPY

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The AUD/JPY trades above key volume-based levels in the ¥93.50-95.50 range, and a sustained move above leaves little in the way of major resistance.

EURAUD

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The EUR/AUD failed to break above key resistance starting near $1.4400, and a continued hold below leaves focus on minor support near $1.4100.

EURGBP

Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)

Length of bar indicates the sum of Buy and Sell volume.

US Dollar Breaks Critical Support versus Euro - Here are Levels to Watch

The Euro/Sterling trades within meaningful price/volume congestion in the £0.7200-0.7400, and the lack of comparable support leaves focus on key lows near 0.7100 and the multi-year trough of 0.7010.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Receive the Weekly Volume at Price report via PDF via David’s e-mail distribution list.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES