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. See our updated Privacy Policy here.

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
Bearish
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
Bullish
More View more
Real Time News
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/t3iB1ldumi
  • (Sentiment Weekly) Euro Price Outlook: EUR/USD, EUR/GBP at Risk Amid Rising Net-Long Bets * and a recording of this week's webinar embedded in the article link below $EURUSD $EURGBP #Euro https://www.dailyfx.com/forex/technical/article/special_report/2021/06/23/Euro-Price-Outlook-EURUSD-EURGBP-at-Risk-Amid-Rising-Net-Long-Bets.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/W4z9fL8Wjm
  • 🇯🇵 Coincident Index Final (APR) Actual: 95.3 Previous: 92.9 https://www.dailyfx.com/economic-calendar#2021-06-23
  • 🇯🇵 Leading Economic Index Final (APR) Actual: 103.8 Previous: 102.4 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇯🇵 Leading Economic Index Final (APR) due at 05:00 GMT (15min) Previous: 102.4 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇯🇵 Coincident Index Final (APR) due at 05:00 GMT (15min) Previous: 92.9 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/kvWx8RcIHg
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.44%, while traders in France 40 are at opposite extremes with 69.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HSO17xTWsv
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.11% 🇨🇦CAD: -0.14% 🇬🇧GBP: -0.14% 🇦🇺AUD: -0.16% 🇪🇺EUR: -0.19% 🇳🇿NZD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IyYIsOWLLh
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.20% US 500: 0.15% Germany 30: 0.04% FTSE 100: 0.02% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/IfEUBBcBjR
AUD/USD Dark Cloud Cover Delivers Dip To 0.9280 Floor

AUD/USD Dark Cloud Cover Delivers Dip To 0.9280 Floor

David de Ferranti, Currency Analyst

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Dark Cloud Cover Yields Correction To Key Support
  • Awaiting Break of Narrow Band to Offer Clearer Signals

AUD/USD is left at a critical juncture as the pair threatens a push below the 0.9280 floor, which follows the emergence of a Dark Cloud Cover pattern. A daily close below the barrier would open a run on the 0.9210 mark. Yet the juice left to squeeze appears somewhat limited. This leave awaiting a break of the pair’s narrow corridor preferred between 0.9210 and 0.9500 preferred.

AUD/USD: Range May Remain As Dark Cloud Cover Emerges

AUD/USD Dark Cloud Cover Delivers Dip To 0.9280 Floor

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

As noted in the last candlesticks report, the four hour chart offered an early warning of a correction. The Bearish Engulfing formation signaled the potential for a pullback near the 0.9370 barrier. An absence of bullish reversal signals casts some doubt over the potential for a recovery. Yet the downside may be limited given the proximity of current prices to the 0.9280 hurdle.

AUD/USD: Bearish Engulfing Pattern Warned Of An Intraday Correction

AUD/USD Dark Cloud Cover Delivers Dip To 0.9280 Floor

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