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
EUR/USD
Bearish
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
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
More View more
Real Time News
  • AUD/USD price action attempts to advance but struggles to maintain a bid more broadly. Get your $AUDUSD market update from @RichDvorakFX here: https://t.co/6zZz0cP2os https://t.co/WU5Hc2Jos2
  • 🇰🇷 Consumer Confidence (OCT) Actual: 91.6 Previous: 79.4 https://www.dailyfx.com/economic-calendar#2020-10-27
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.44% 🇯🇵JPY: 0.40% 🇨🇦CAD: 0.20% 🇦🇺AUD: 0.08% 🇨🇭CHF: -0.10% 🇪🇺EUR: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GTC0ZxZF92
  • Heads Up:🇰🇷 Consumer Confidence (OCT) due at 21:00 GMT (15min) Previous: 79.4 https://www.dailyfx.com/economic-calendar#2020-10-27
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.26% Oil - US Crude: -1.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XIGKv3ba3L
  • We've gotten here: as of today, it is one week until the #PresidentialElection2020. BUT the situation is incredibly fluid with Covid-19. With this in mind, do you think the election process itself - distribution, counting, etc - will be prolonged?
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.81%, while traders in EUR/USD are at opposite extremes with 70.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rFFh3X4MVR
  • Are #stocks readying for a major turn? It’s still too early to say, and the S&P 500 is grasping on to a bullish continuation pattern that remains. Get your S&P500 technical analysis from @JStanleyFX here:https://t.co/Ipm3PAzX1B https://t.co/RW6rnseGTf
  • Microsoft Earnings: Revenue: $37.15B vs $35.75B exp EPS: $1.82 vs $1.55 est $MSFT shares creep just 0.3% higher in after-hours trading
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.04% US 500: 0.03% FTSE 100: -0.26% Germany 30: -0.46% France 40: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/BB0qWcl7fS
AUD/USD Shift In Sentiment Signaled By Doji Near 2014 High

AUD/USD Shift In Sentiment Signaled By Doji Near 2014 High

2014-06-24 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Doji in intraday trade signals hesitation near 2014 high
  • Range between 0.9210 and 0.9440 remains in force

AUD/USD traders remain hesitant to push the pair higher as the currency travels shy of its range top at 0.9440. A Bullish Engulfing pattern highlights that the bears may have loosened their grip on prices, which afforded the Aussie a recovery. A daily close above 0.9440 would signal enough conviction amongst traders to lead the pair higher and would open up the next definitive level at 0.9540.

AUD/USD: At A Critical Juncture Near Range-Top

AUD/USD Shift In Sentiment Signaled By Doji Near 2014 High

Daily Chart - Created Using FXCM Marketscope 2.0

Examining intraday price action; a Doji candlestick on the four hour chart, gives further evidence of indecision amongst traders. However, at this stage a key reversal pattern is absent, which casts doubt over the potential for a further correction. An intraday dip would likely be met by buying support at the 0.9375 mark.

AUD/USD: Doji Suggests Indecision Near Key Technical Level

AUD/USD Shift In Sentiment Signaled By Doji Near 2014 High

4 Hour Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES