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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.92%, while traders in AUD/JPY are at opposite extremes with 79.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kuL82lTV5z
  • Gold prices have been steadily increasing as the tug of war between rising global inflation and rising Treasury yields continue. Get your market update from @WVenketas here:https://t.co/sa8G3qf4ro https://t.co/SIcAe26lrU
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.97% Oil - US Crude: 0.80% Gold: 0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dGoE8KO5rs
  • $AUDJPY yday's bearish engulf confirmed upon completion I liked 85 support but triggering long in front of a bearish engulf on the daily can be a very bad idea now pair is taking out that 85 level, continuing to pull back https://t.co/bBw7d6q0L8 https://t.co/i9tgERuT6y
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.32% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.00% 🇨🇦CAD: -0.09% 🇳🇿NZD: -0.24% 🇬🇧GBP: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Jlbh0ZRXmb
  • - EU has told the UK that British legal texts can't be basis for talks - EU preparing response if UK triggers article 16 of NI protocol
  • EU considers terminating Brexit trade if UK rift deepens
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.05% Germany 30: -0.08% France 40: -0.09% FTSE 100: -0.12% US 500: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/S161NtD3GO
  • RT @LiveSquawk: Fed’s Powell: Service Side Of Economy Expected To Return To Normality As Delta Variant Fades - Very Possible US Will Be At…
  • RT @FinancialJuice: PUNCHBOWL'S SHERMAN: HOUSE REP. SPEAKER PELOSI STATED LAWMAKERS ARE ON PATH TO AGREEMENT ON RECONCILIATION BILL.
GBP/USD 20 Day Average Figures to See Action in March

GBP/USD 20 Day Average Figures to See Action in March

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD 20 Day Average Figures to See Action in March

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: “The GBPUSD opened lower Sunday night but the open proved to be the low! That alone is constructive but the level that produced the low (15071) is in ‘no man’s land’. The longer term trend is probably down towards the 2009 low at 13500 but a rally back to 15320 or even 15400 would fit within the confines of a normal corrective advance. I’m unsure of that rally comes from here or from 14950 (channel and pivot from July 2010).” The 20 day average has been respected since mid-January. The average along with the 5x5 trendline (blue) may be of interest in March.

FOREX Trading Strategy: Enough evidence to go long now with a stop under Sunday’s low. Target is 15400. Consider GBPAUD as well.

LEVELS: 14885 14947 15070 15270 15320 15415

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

DISCLOSURES