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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Mixed
USD/JPY
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
Bearish
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
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.88% 🇨🇭CHF: 0.09% 🇪🇺EUR: 0.08% 🇦🇺AUD: -0.12% 🇨🇦CAD: -0.22% 🇬🇧GBP: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eJUkRasjLO
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: -2.79% Wall Street: -2.96% France 40: -3.99% Germany 30: -3.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/nK6SjSf2hy
  • Dow Jones Falls to its Lowest Price in 2020, Will DJIA Test Monthly Support? More details in the link below: https://www.dailyfx.com/forex/technical/article/special_report/2020/02/24/Dow-Jones-Falls-to-its-Lowest-Price-in-2020-Will-DJIA-Test-of-Monthly-Support-MK.html?CHID=9&QPID=917714 https://t.co/oey1c3t6LD
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 03, 2020 when Germany 30 traded near 12,999.10. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/kuP6G13JFT
  • France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 03, 2019 when France 40 traded near 5,464.40. A contrarian view of crowd sentiment points to France 40 weakness. https://www.dailyfx.com/sentiment https://t.co/WGVZYX1IKX
  • Current US Treasury Yield Curve inversion https://t.co/UMfyVhuk4a
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 1.81% Silver: 1.23% Oil - US Crude: -3.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qhKj0AqwkV
  • RT @LiveSquawk: WHO’s Tedros: Increase In #Coronavirus Cases Outside China Is ‘Concerning’ - Virus Has Pandemic Potential, But Is Not A Pa…
  • White House preparing to request emergency spending package from congress to finance Coronavirus response, according to Washington Post
  • $GBPUSD is under modest pressure this morning and looks to make a test for the 1.2900 handle. Get your GBP/USD market update from @JMcQueenFX here: https://t.co/8Ryx7yVmbr https://t.co/TKlBFO3dHm
EURUSD: Adding More to Short Position

EURUSD: Adding More to Short Position

2011-10-18 01:35:00
Ilya Spivak, Sr. Currency Strategist
Share:

Strategy: Short at 1.4328, Targeting 1.3000

Floating Profit / Loss: +559 pips

We initially sold EURUSD at 1.4328 and revised our soft target to the 1.30 figure after the trade’s second objective was met. Prices have now produced a Bearish Engulfing candlestick pattern below critical resistance at the 1.39 figure, hinting the correction played out over the past two weeks is over and the larger down trend ready to resume. We will grow the short position here by the same size as the first increase in our exposure at 1/5 of the original trade. Near-term support lines up at 1.3582, the 23.6% Fibonacci extension level. As before, a stop-loss will be activated on a daily close above 1.3975.

EURUSD_Adding_More_to_Short_Position_body_Picture_5.png, EURUSD: Adding More to Short Position

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.