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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • Want to make trading decisions with confidence? Download you free guide to avoid hesitations in your trading decisions.https://t.co/00I3lH90OD #DailyFXGuides https://t.co/PxMMjweLAz
  • Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/GBP Key Levels - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2021/01/28/Euro-Technical-Analysis-EURUSD-EURJPY-EURGBP-Key-Levels.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $EUR $EURUSD $EURGBP $EURJPY https://t.co/7whQ6jRyAo
  • 🇫🇮 Unemployment Rate (DEC) Actual: 7.8% Previous: 6.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇫🇮 Unemployment Rate (DEC) due at 06:00 GMT (15min) Previous: 6.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • We are facing an existential question Thursday: is the enthusiasm for speculative favorites like GameStop the baseline for markets or the nascent $SPX drop ($VIX charge)? And, what can data like US 4Q GDP influence? My outlook for Thursday: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/28/SP-500-Breaks-Lower-as-VIX-Soars-Will-Tesla-and-Apple-Overshadow-Gamestop.html https://t.co/ppzpUfDuGx
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 68.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/un4cXxQsln
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/j1x2s8OmBt
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.07% 🇬🇧GBP: -0.10% 🇪🇺EUR: -0.13% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.29% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2cAp4ZgzJr
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.20% US 500: -0.40% France 40: -0.60% Germany 30: -0.62% FTSE 100: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/snDymKUOcZ
  • AMC (6.75bln mkt cap) turned over 1.25 billion shares this past session for a 300% gain. Meanwhile Apple (2.4 tln mkt cap) only did 140 mln shares on an earnings day for a -0.8% loss
EUR/USD Dojis Denote Deliberation Amongst The Bulls Near 1.3800

EUR/USD Dojis Denote Deliberation Amongst The Bulls Near 1.3800

David de Ferranti, Currency Analyst

Talking Points

  • EUR/USD Technical Strategy: Pending Short
  • Recovery may be limited with bullish reversal signal missing
  • Evening Starformation on the weekly offers ominous warning

EUR/USD’s recent bull-run has been capped at the critical 1.3800 handle for the time-being. While the pair has staged a remarkable recovery over the past two trading sessions, traders should be wary of the potential for the rally to stall, given that prices remain in a short-term downtrend on the daily, and a bullish signal is notably lacking.

EUR/USD: Bounce May Be Limited With Downtrend Intact

EURUSD-Dojis-Denote-Deliberation-Amongst-The-Bulls-Near-1.3800_body_Picture_3.png, EUR/USD Dojis Denote Deliberation Amongst The Bulls Near 1.3800

Daily Chart - Created Using FXCM Marketscope 2.0

As noted in yesterday’s candlesticks report, the bulls’ run was likely to be met by selling pressure around the 1.3800 handle. With several Long-Legged Dojis having formed near the critical resistance level, the potential for an upside breakout is put in doubt. However, we’re yet to see a bearish reversal signal emerge, this leaves the pair at a critical juncture in the session ahead.

EUR/USD: Sellers Keep Gains Capped At 1.3800/5

EURUSD-Dojis-Denote-Deliberation-Amongst-The-Bulls-Near-1.3800_body_Picture_2.png, EUR/USD Dojis Denote Deliberation Amongst The Bulls Near 1.3800

4 Hour Chart - Created Using FXCM Marketscope 2.0

Finally, taking a look at some broader context provided the weekly chart; the Evening Star formation that has emerged shy of the key 1.4000 is a notable warning signal of further declines ahead. The pattern has received confirmation from a successive down week which raises the likelihood of an eventual correction towards the 1.3480 support level.

EUR/USD: Evening Star Receives Confirmation

EURUSD-Dojis-Denote-Deliberation-Amongst-The-Bulls-Near-1.3800_body_Picture_1.png, EUR/USD Dojis Denote Deliberation Amongst The Bulls Near 1.3800

Weekly Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Market Analyst, FXCM

Follow David on Twitter: @Davidde

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

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

DISCLOSURES