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
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
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
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
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/J6gdbuoij7
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/UbtbJog492
  • ICYMI: Japanese Government nominated Seiji Adachi to replace BoJ dovish dissenter Harada - Adachi also favours reflationary economic policy $JPY https://t.co/0coydAoDWJ
  • US 3-month and 10-year yield inverts for the first time since October 2019
  • Hang Seng during SARS outbreak, alongside previous virus outbreaks https://t.co/9gtJ0Xa2fN
  • RT @tracyalloway: Whatever you think of the severity of the coronavirus, it seems clear that this will be having an economic impact on Chin…
  • 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 67.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/H4A6AAz9KO
  • 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/iX2cdaoGjL
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.20% Oil - US Crude: -0.39% Silver: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OKRmD7YH9U
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.01% 🇪🇺EUR: 0.01% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.12% 🇳🇿NZD: -0.22% 🇬🇧GBP: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2W1O93FuRv
Australian Dollar / US Dollar 05-18

Australian Dollar / US Dollar 05-18

2010-05-18 15:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

 DT518audusd

I am of the mind that the commodity currencies are about to take the lead from the European currencies as it pertains to bearing the brunt of dollar strength. Stay focused on the potential double top with the November 2009 high at 9400. The AUDUSD has plunged below its year + channel and 13 week SMA and the next level of interest on the downside is the February low at 8575 (below there confirms the double top). If 8575 is broken, then the objective would be 7700, which is the July 2009 low as well as where the decline from 8571 would equal the 9411-8571 decline (double top measuring technique). Price ideally stays below 9030 but I am not tightening risk yet for fear of being whipsawed prior to the expected plunge. 8840/85 is potential resistance.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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

DISCLOSURES

News & Analysis at your fingertips.