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 Download
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • RT @Scutty: [RTRS] - DOW INDUSTRIALS FALL 1,190.95 POINTS; BIGGEST ONE-DAY POINT DROP IN HISTORY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in USD/CAD are at opposite extremes with 69.45%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3PsrWmF8lA
  • $AUDUSD trades to a fresh yearly low (0.6542) amid the rapid rise in the number of COVID-19 cases, and the exchange rate may continue to exhibit a bearish behavior. Get your AUD/USD market update from @DavidJSong here: https://t.co/XtsGTkXhYs https://t.co/j4hqput9E0
  • Event risks for tomorrow includes $EUR German Unemployment Change, $EUR German CPI (YoY) (FEB P), $CAD Gross Domestic Product (YoY) (DEC), USD Advance Goods Trade Balance (JAN), and USD PCE Core (YoY) (JAN) https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/FZ5drmWDeb
  • Reminds of this scene in Austin Powers https://t.co/tiDJVLM99F
  • Well, that was a terrible session for equity bulls. It is not good to be fully committed to a market view especially when traditional value methods call such stark attention to circumstances. As the saying goes "strong convictions, weekly held"
  • Ouch https://t.co/Ci8Txfpf98
  • US Equity Close: $DJI -1,196 (-4.44%) $SPX -138.5 (-4.44%) $NDX -414.3 (-4.61%) $RUT -56.5 (-3.64%) $VIX +10.1 (+36.47%)
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: US 500: 0.07% Wall Street: -0.03% Germany 30: -2.00% France 40: -2.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/OoZaNhSRFB
  • Fed's Evans says it is too early to respond with monetary policy to the coronavirus impact, but what about responding to the financial market's response to the coronavirus?
Australian Dollar 9530 and 9400 are Objectives if Lows Give

Australian Dollar 9530 and 9400 are Objectives if Lows Give

2011-09-30 15:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

300 Minute Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar 9530 and 9400 are Objectives if Lows Give

Prepared by Jamie Saettele, CMT

AUDUSD moves since the low (9620) are in 3 waves, which is suggestive of a triangle pattern or flat. In the case of a triangle, the recent range would tighten before price breaks to a new low. Bearish objectives remain the November 2010 low at 9534 and the 2009-2010 double top at 9400. This larger bearish count is valid against 9985. Resistance is 9810 and 9880. An outside possibility is that the decline from 9985 composes a truncated 5th wave (which would mean a low is in place). Trading gets tricky towards the end of patterns and I prefer that the market show stronger evidence that a low is in before adopting an outright bullish bias. It is worth noting that price is resting on the trendline that extends off of the 2008 and 2010 lows.

Trend Strength (M,W,D) – 1, (2), (1)

Latest Video

Monthly Forecast

Weekly Forecast

COT

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market.  Send requests to receive his reports via email to jsaettele@dailyfx.com and follow hom on Twitter @JamieSaettele.

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

DISCLOSURES

News & Analysis at your fingertips.