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
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
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
Bitcoin
Bullish
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.1031 S2: 1.1059 S1: 1.1076 P: 1.1087 R1: 1.1105 R2: 1.1116 R3: 1.1144
  • video of today's webinar posted and ready to go https://www.dailyfx.com/forex/market_alert/2020/01/23/eurusd-breaks-down-oil-tests-key-support-as-risk-off-hints-appear-js57.html
  • The S&P 500 has continued its march higher, hitting fresh record peaks. However, as highlighted previously, we see caution in chasing the market higher with rising risks of an overdone sell-off. Get your market update from @JMcQueenFX here:https://t.co/PRHIs463kh https://t.co/HkOmrovmMy
  • #Crypto update: $BTC -3.4% $BCH -7.5% $LTC -8% $XRP -5.4% $ETH -4.5%
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.30% Oil - US Crude: 0.28% Silver: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/65Tl7Mp42T
  • $AUD: A better than expected jobs report led by an increase in part-time workers has boosted the Australian Dollar, up 0.3% against the greenback. Get your market update from @JMcQueenFX here: https://t.co/RODLl10uFv https://t.co/FMZihY7W4K
  • Fed to hold open meeting on Volcker rule on January 30 #Fed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.29%, while traders in US 500 are at opposite extremes with 75.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Mx7yTCCBLD
  • https://t.co/oBoJmViok5 $AUDJPY $NZDJPY $SGDJPY $HKDJPY $USDJPY $TNX $SPY $TLT
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.45% Germany 30: 0.36% US 500: -0.07% Wall Street: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QJdYrLYDvn
British Pound Setting Up to Plunge in April

British Pound Setting Up to Plunge in April

2011-03-31 15:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

60 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Setting Up to Plunge in April

Prepared by Jamie Saettele

The sharp decline from 16400 is probably the beginning of larger wave D of the triangle that began at the 2009 low. The GBPUSD has retraced about half of the decline from 16400, reversing right at a former short term pivot low. A poke above this morning’s high but the larger trend is viewed as down against 16400 and Cable is setting up for a weak April. I’ll use the beginning of April as an opening range from which to structure a short position.

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

DISCLOSURES

News & Analysis at your fingertips.