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
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
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
Bullish
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
Bearish
More View more
Real Time News
  • Alberta Premier Kenny says concerned about report that the incoming Biden administration may repeal presidential permit for Keystone XL border crossing next week https://t.co/dz8tKfMHHh
  • $CAD soft early on as President-Elect Joe Biden is reportedly planning to cancel the Keystone XL pipeline permit via executive action on his 1st day in office
  • Wall Street Futures Update: Dow Jones (-0.11%) S&P 500 (-0.233%) Nasdaq 100 (-0.299%) [delayed] -BBG
  • This week ahead, around 9% of the S&P 500 companies will release their results, including BoA, Goldman Sachs, Netflix, P&G, Morgan Stanley, IBM and Intel. So far in the earnings season, 85% of the S&P 500 companies have beaten forecasts. Read more: https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/01/17/Dow-Nasdaq-SP-500-Outlook-Earnings-May-Bring-Positive-Surprises.html
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/5rPIUGEiim
  • The S&P 500 continues to trend higher within the confines of an upward channel, and as long as it stays above the lower parallel of the pattern then it remains positioned for higher prices. Get your market update from @PaulRobinsonFX here: https://t.co/UTMZe8jhEF https://t.co/gAzO9hufEi
  • China 4Q GDP is expected to register an annualized growth rate of 6.1%, marking a robust recovery from the Covid-19 pandemic. Look ahead, China’s economic growth may accelerate further to 8-9% in 2021 partly due to a lower base in 2020. https://t.co/RO7s7Mqj2p
  • 5 out of 9 Dow Jones sectors ended lower, with 90% of the index’s constituents closed in the red. Energy (-3.56%), industrials (-1.18%) and consumer staples (-0.41%) were among the worst performers, whereas communication services (+0.15%) and healthcare (+0.10%) outperformed. https://t.co/FiiOpNACyU
  • The Dollar’s first major counteroffensive since September takes the index more than 1.6% off the monthly low. Here are the levels that matter on the DXY technical chart. Get your market update from @MBForex here: https://t.co/hVshzMbc31 https://t.co/7oZkhDSray
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/nMRAwGEjfb
AUD/USD .8800 Area is Important For Near Term Traders

AUD/USD .8800 Area is Important For Near Term Traders

2014-01-23 02:17:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD .8800 Area is Important For Near Term Traders

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-The AUDUSD measured level from the latest break is .8554 but be aware of possible trendline support (downward sloping) at .8712 this week.

-This market made a massive outside week last week. The week actually engulfs the prior 4 weeks. It’s impossible to know whether the move constitutes exhaustion or the beginning of the next leg down but it’s often best to respect trend.

LEVELS: .8577 .8625 .8712 | .8795 .8837 .8887

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES