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
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
Wall Street
Bearish
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
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • #Gold Price Technical Outlook: $XAUUSD Soars to Nine-Year Highs - https://t.co/NS6YfghqIg https://t.co/WUqbvANriw
  • Heads Up:🇺🇸 Fed Bostic Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-09
  • RT @TheStalwart: Starting to look clear that where cases are surging, deaths are starting to go up. Here's the 7-day moving average of both…
  • US 8-Week Bills Draw 0.100% Primary Dealers Awarded: 68.4% Indirect Bidders Accepted: 26.7% Direct Bidders Accepted: 4.9% B/C Ratio: 2.96
  • $Gold snap back, testing support around prior res 1796-1800. prior eight-year-high up to the 1800 psych level https://t.co/LPyHLlQpk8 https://t.co/lEkGvK14kK
  • Arizona virus cases increase 3.7%, in line with prior 7-day average - BBG
  • Hey traders! Market risk appetite is highly concentrated. What are some other market highlights for today? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/YvQTLDBK7p
  • Update on #Cryptocurrencies #BITCOIN -1.27% #BITCOINCASH -2.20% #ETHEREUM -1.62% #RIPPLE +1.59% #LITECOIN -1.11%
  • $EURUSD continuing to catch resistance from the 1292 level, working on its sixth consecutive week. This week has, so far, brought on a higher-high, but can bulls continue to drive? $USD breakdown potential the key for whether or not EUR/USD can push up for a re-test 1500 https://t.co/6MeQmEpluO
  • Hey traders! Market risk appetite is highly concentrated. What are some other market highlights for today? Find out 👇 https://t.co/ebfF9W6nCU
EUR/USD Dojis Highlight Doubt By Bears At Critical Price Barrier

EUR/USD Dojis Highlight Doubt By Bears At Critical Price Barrier

2014-08-18 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Doji Indicates Bulls Lost Steam At Nearby Resistance
  • Break of Trading Band Needed To Offer Clearer Signals

The Australian Dollar is searching for direction above the 0.9280 mark with a Doji on the daily suggesting indecision amongst traders. A daily close above the former-range-bottom at 0.9330 would open a re-test of the recent highs near 0.9455.

AUD/USD: Bulls Lose Steam On Test of Nearby Resistance

EUR/USD Dojis Highlight Doubt By Bears At Critical Price Barrier

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

The four hour chart reveals a similar narrative to the daily. Choppy price action has seen several reversal signals emerge, yet few have found follow-through. Given the context afforded by the daily; a break of the 0.9280-0.9330 trading band would be required to offer a clearer technical basis.

AUD/USD: Reversal Signals See Little Follow-Through

EUR/USD Dojis Highlight Doubt By Bears At Critical Price Barrier

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.