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
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.07% 🇳🇿NZD: 0.03% 🇨🇦CAD: 0.01% 🇪🇺EUR: -0.02% 🇬🇧GBP: -0.03% 🇨🇭CHF: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/A5TMlQSzQP
  • RT @BrendanFaganFx: Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment $AUD $USD #Australia Link: https://t.co/k…
  • $USDSGD broke under the key 1.3375 - 1.3389 inflection zone over the last 24 hours Took out the 50-day SMA as well, awaiting confirmation This may open the door to revisiting January lows, especially if US yields continue to lose upside momentum #Singapore #SGD https://t.co/pIXS201NhI
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.84%, while traders in France 40 are at opposite extremes with 75.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7WRQzbHU0c
  • $AUDUSD is dropping following the March employment report, which showed a decrease in full-time jobs. The RBA highlighted the pandemic's outsized impact on full-time employment in the Feb monetary policy statement. Full-time change: -20.8k Part-time change: +91.5k https://t.co/rlgjmjb9kP
  • Nasdaq 100 Retreats as Coinbase Falls, May Cast a Shadow on Hang Seng and ASX 200 https://www.dailyfx.com/forex/market_alert/2021/04/15/Nasdaq-100-Retreats-as-Coinbase-Falls-May-Cast-a-Shadow-on-Hang-Seng-and-ASX-200-.html https://t.co/ZvcDnwXQ4e
  • PBOC Conducts 150 billion Yuan of 1-year MLF at 2.95% - rolls over earlier MLF, TMLF with 150 billion Yuan MLF operations - BBG $USDCNH
  • 🇦🇺 Full Time Employment Chg (MAR) Actual: -20.8K Previous: 89.1K https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇦🇺 Unemployment Rate (MAR) Actual: 5.6% Expected: 5.7% Previous: 5.8% https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇦🇺 Employment Change (MAR) Actual: 70.7K Expected: 35K Previous: 88.7K https://www.dailyfx.com/economic-calendar#2021-04-15
Ethereum, Ripple & Litecoin Charts Suggest More Pain Ahead

Ethereum, Ripple & Litecoin Charts Suggest More Pain Ahead

Paul Robinson, Strategist

Cryptocurrencies, outside of Bitcoin, have failed to garner much attention from buyers, and while the same can be said of sellers, the digestion of losses over the past month is likely to lead to more losses soon. Ethereum, Ripple, and Litecoin are all carving out a similar bear-flag pattern that should lead to another purge of speculative excesses.

See how positioning changes on the IG Client Sentiment page can help identify price direction in cryptocurrencies and other major markets.

Ethereum selling to lead to April low at 358 and worse

Weak price action in ETH/USD has it set up to make another leg lower soon. It could continue to drift ever-so-slightly higher, but the developing bear-flag implies risk is skewed more heavily towards the downside. The April low at 358 and worse will be targeted once momentum finds its way back in the crypto sector on breaks of 417 and 405.

Check out this guide to learn more about how to trade Bitcoin and other cryptocurrencies.

ETH/USD Daily Chart

ETH/USD daily chart with weak price action

Ripple may soon move apex of H2 ’17 wedge at 25 cents

Ripple started to grow legs in the middle of the month, but that optimism was quashed as quickly as it was built. This has a break of 42 cents as a likely catalyst for selling pressure to once again emerge. The May 2017 peak just beneath 40 cents may help keep XRP/USD afloat temporarily, but we’re still looking for a full reversal of the rally out of the H2 2017 wedge, taking price down to the apex of the pattern at around 25 cents.

XRP/USD Daily Chart

XRP/USD daily chart, still look for full erasing of late-2017 rally

Litecoin could go sub-50 in the not-too-distant future

Litecoin has a nicely developing bear-flag, and with a break of the underside trend-line of the pattern it should be set to see selling begin to pick up again. Once under 70 (considered only a minor form of support), there isn’t anything meaningful until just a shade under 50. There were a few inflection points there from last year, which may give it support. But from here to there leaves a lot of room for selling to dominate.

LTC/USD Daily Chart

LTC/USD daily chart, bear-flag

Helpful Resources for Cryptocurrency Traders

Whether you’re a new or experienced cryptocurrency trader, we have several resources to help you;Introduction to bitcoin trading guide, indicator for tracking trader sentiment, and a weekly webinar discussing the latest developments.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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

DISCLOSURES