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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
News
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
2021-02-24 09:41:00
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
News
Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders
2021-02-25 04:30:00
Crude Oil Prices Explode Higher - Are Gains Sustainable?
2021-02-24 17:10:00
Wall Street
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
News
Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up
2021-02-24 22:30:00
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
2021-02-24 17:00:00
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
News
Gold Price Outlook: Gold Recovery First Test at Trend Resistance
2021-02-24 20:00:00
Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices
2021-02-24 06:00:00
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
News
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open
2021-02-24 15:05:00
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
News
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ
2021-02-23 22:35:00
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in Wall Street are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WWeIIheTYs
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.09% 🇨🇦CAD: 0.08% 🇦🇺AUD: 0.03% 🇯🇵JPY: -0.05% 🇳🇿NZD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/FLxOjdw4th
  • 🇯🇵 Leading Economic Index Final (DEC) Actual: 95.3 Expected: 94.9 Previous: 96.1 https://www.dailyfx.com/economic-calendar#2021-02-25
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.58% France 40: 0.54% FTSE 100: 0.39% Wall Street: 0.34% US 500: 0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TDT69DjXeV
  • S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine. https://www.dailyfx.com/forex/market_alert/2021/02/25/SP-500-Rally-May-Lift-Hang-Seng-ASX-200-on-Dovish-Fed-3rd-US-Vaccine.html https://t.co/w22gDJEcXa
  • 🇯🇵 Coincident Index Final (DEC) Actual: 88.3 Expected: 87.8 Previous: 89.0 https://www.dailyfx.com/economic-calendar#2021-02-25
  • RT @FxWestwater: Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/02/25/Crude-Oil-Price-Forecast-Demand-and-Supply-Drivers-Firing-on-All-Cylinders.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/5…
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/YKS41u2Ptg
  • Risk appetite has spread heading into Thursday trade with more than just the SPX taking the lede. GameStop ($GME) is back in the top performance depth chart. What does this mean for trends ahead? My analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/02/25/GameStop-Commands-the-Speculative-Headlines-as-SP-500-and-Yen-Crosses-Rally.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/54seZPSCN0
  • Heads Up:🇯🇵 Coincident Index Final (DEC) due at 05:00 GMT (15min) Expected: 87.8 Previous: 89.0 https://www.dailyfx.com/economic-calendar#2021-02-25
AUDUSD Takes a Dive but Trend is Sideways For Now

AUDUSD Takes a Dive but Trend is Sideways For Now

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Takes a Dive but Trend is Sideways For Now

Prepared by Jamie Saettele, CMT

I want to be bearish but at the moment my bearishness is driven more by fear of missing a move than sound reasoning. So yes, the RBA cut by 50 and the AUDUSD fell for an hour and then did nothing for the rest of the day. If the AUDUSD can fall a bit more to complete 5 waves down from 10473 then I’d turn bearish on a pullback. RSI slipping below 30 (240 minute chart) would be even better. RSI has scaled to a bull market since 4/8 (support has come in before 30 and the indicator has exceeded 70…notice the bearish RSI action prior to 4/8).

Bottom Line (next 5 days) – ?

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

DISCLOSURES

Related Articles

AUDUSD Elliott Wave Forecasts a Bounce Towards 76 to 78 Cents
AUDUSD Elliott Wave Forecasts a Bounce Towards 76 to 78 Cents
2018-08-02 02:12:00
AUD/USD 2018 Forecast Includes a Smooth Start and Rough Finish
AUD/USD 2018 Forecast Includes a Smooth Start and Rough Finish
2017-12-28 23:39:00
AUD/USD Technical Forecast: Searching for a Bottom
AUD/USD Technical Forecast: Searching for a Bottom
2017-11-14 23:36:00
AUD/USD Technical Forecast: Sideways to Higher Trading
AUD/USD Technical Forecast: Sideways to Higher Trading
2017-10-16 20:42:00
Advertisement

Rates

AUD/USD
Bullish