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EUR/USD
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.

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Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap
2021-02-26 07:30:00
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.

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Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
2021-02-27 08:00:00
Oil Price Approaches 2020 High Even as RSI Divergence Takes Shape
2021-02-25 20:30:00
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-02-27 11:00:00
Dow Jones Falls on Rising Yields, ASX 200, Nikkei 225 Tumble
2021-02-26 01:30:00
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
2021-02-26 17:30:00
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
British Pound (GBP) Latest: GBP/USD Correction From Extremes
2021-02-26 09:00:00
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
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GBPUSD Supported by April Highs (former resistance)

GBPUSD Supported by April Highs (former resistance)

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Supported by April Highs (former resistance)

Prepared by Jamie Saettele, CMT

I touched on the similarities between 2011 and 2012 yesterday, noting that “if the pattern breaks, then the GBPUSD would head higher towards the trendline that extends off of the 2009 and 2011 highs above 16500. Supports are 16150 and 16060/80.” The trend is up and dips should be bought. This is a good place to do just that as price is holding support from late April highs (16150-16170). Failure to hold 16150 would shift focus to 16080.

Ideas: long, stop 16040, target 16500

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

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