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
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
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
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Last week, Gold rallied to an over seven and a half-year high then retreated after. Will today’s US non-Manufacturing ISM numbers (15:00UK) push the yellow metal even higher? #Gold, #USeconomy, #USD https://t.co/MnX3ozkrUu
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here: https://t.co/xewSeUoDaT https://t.co/WBZiTNxKIY
  • 💶 Retail Sales YoY (MAY) Actual: -5.1% Expected: -7.5% Previous: -19.6% https://www.dailyfx.com/economic-calendar#2020-07-06
  • Heads Up:💶 Retail Sales YoY (MAY) due at 09:00 GMT (15min) Expected: -7.5% Previous: -19.6% https://www.dailyfx.com/economic-calendar#2020-07-06
  • 🇬🇧 Construction PMI (JUN) Actual: 55.3 Expected: 47 Previous: 28.9 https://www.dailyfx.com/economic-calendar#2020-07-06
  • Missed today's Cross-Market Weekly Outlook webinar? See the recording here - https://t.co/lnB12vU3A4 #markets #outlook #Fed
  • BoJ likely to keep maintain stance that economy will recover gradually later this year from COVID-19
  • Heads Up:🇬🇧 Construction PMI (JUN) due at 08:30 GMT (15min) Expected: 47 Previous: 28.9 https://www.dailyfx.com/economic-calendar#2020-07-06
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/3eRiyhBW8i
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 71.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8FDsfH3v3q
AUD/USD Searching For Direction With Cues From Candlesticks Lacking

AUD/USD Searching For Direction With Cues From Candlesticks Lacking

2014-07-14 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

The Australian Dollar continues to consolidate within the 0.9320 to 0.9440 range with little in the way of clear candlestick signals to suggest a directional bias. While a long upper wick above 0.9440 on one of the daily candles suggests hesitation from the bulls it is insufficient to suggest a bearish reversal.

AUD/USD: Bulls Lose Steam Near Key Resistance

AUD/USD Searching For Direction With Cues From Candlesticks Lacking

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

Taking a look at a shorter timeframe; a Bullish Engulfing pattern on the four hour chart is hinting at a push higher the Aussie over the session ahead. However, some skepticism may be warranted given the context afforded by the daily and the close proximity to 0.9440.

AUD/USD: Bullish Pattern Hints At Aussie Strength In Session Ahead

AUD/USD Searching For Direction With Cues From Candlesticks Lacking

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

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

News & Analysis at your fingertips.