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
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
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
  • RT @IGSouthAfrica: #BudgetSpeech Will the National Budget be able to appease @MoodysInvSvc and avert a ratings downgrade?
  • RT @IGSouthAfrica: #BudgetSpeech should Finance Minister @tito_mboweni raise corporate taxes to help improve collections?
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.81%, while traders in USD/CAD are at opposite extremes with 69.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cyNyQRYdHh
  • RT @IGSouthAfrica: #BudgetSpeech Should Finance Minister Tito Mboweni increase the VAT rate from 15% to 16%?
  • RT @IGSouthAfrica: #BudgetSpeech Does the recent drop in the oil price provide room for Finance Minister Tito Mboweni to increase fuel levi…
  • Get your stock market basics right - what is the stock market and how does stock trading work? Find out here: https://t.co/JfAJLAtlsY https://t.co/5menLb2arG
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: 0.85% Silver: 0.64% Oil - US Crude: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gTURjN4iVb
  • NZD/USD Technical Analysis: Kiwi Dollar Rebound in the Works? - https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2020/02/26/NZDUSD-Technical-Analysis-Kiwi-Dollar-Rebound-in-the-Works.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #NZDUSD #technicalanalysis https://t.co/4MOCgzUL6a
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.02% 🇨🇦CAD: -0.04% 🇳🇿NZD: -0.19% 🇯🇵JPY: -0.23% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/L74roUof0I
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.66% Wall Street: 0.57% France 40: -0.63% Germany 30: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2HqH7X9r30
British Pound Channel Demands Respect-15950 Remains Favored

British Pound Channel Demands Respect-15950 Remains Favored

2011-10-14 16:07:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

300 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Channel Demands Respect-15950 Remains Favored

Prepared by Jamie Saettele, CMT

The GBPUSD is rallying within a steep channel. Focus remains higher towards the 50% retracement of the decline from 16618 and 100% extension of the rally from the low (where the rally would consist of 2 equal legs) at 15958. Look higher.

Trend Strength (M,W,D) – (1), (1), 0

Latest Video

Monthly Forecast

Weekly Forecast

COT

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

DISCLOSURES

News & Analysis at your fingertips.