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EUR/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.

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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision
2021-03-08 16:00:00
Oil - US Crude
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of clients are net long.
of clients are net short.
Long Short

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Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack
2021-03-08 06:00:00
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations
2021-03-06 16:00:00
Wall Street
Bullish
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of clients are net long.
of clients are net short.
Long Short

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries
2021-03-08 15:00:00
Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?
2021-03-07 12:00:00
Gold
Mixed
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of clients are net long.
of clients are net short.
Long Short

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Gold, Silver, Dollar, AUD/USD, USD/CAD and Bitcoin Technical Levels
2021-03-08 16:00:00
Gold Price Forecast: Searching for a Bottom - Levels for XAU/USD
2021-03-08 13:24:00
GBP/USD
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
Gold, Silver, Dollar, AUD/USD, USD/CAD and Bitcoin Technical Levels
2021-03-08 16:00:00
USD/JPY
Mixed
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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
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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
Gold, Silver, Dollar, AUD/USD, USD/CAD and Bitcoin Technical Levels
2021-03-08 16:00:00
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Real Time News
  • US equities end the day mixed, as market participants continue to rotate $DOW 31801.91 +0.97% $SPX 3821.22 -0.54% $NDX 12299.0 -2.92% $RTY 2202.99 +0.49% $VIX 26.24 +6.41%
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.01% US 500: -0.01% France 40: -0.28% Germany 30: -0.29% FTSE 100: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LqhrKYMQFh
  • US Dollar strength continues, as USD/CHF surpasses 0.935 $USDCHF https://t.co/5RDZfc5tCp
  • The US Dollar set a fresh three-month-high on the back of a strong headline number in the Non-farm Payrolls report. Get your $USD technical analysis from @JStanleyFX here:https://t.co/ErM0N51RWP https://t.co/yzc3gfko6c
  • EUR/USD extends its recent decline, now trading 1.185 $EURUSD https://t.co/0P2HpTBq0R
  • USD/JPY strengthening during trade, adding to an impressive run for the Dollar/Yen pair in 2021 https://t.co/xHRuS8D2i0
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: -0.21% Oil - US Crude: -0.21% Gold: -1.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4hoyPt34ex
  • The latest CFTC positioning data for the week ending March 2nd saw speculators continue to unwind their US Dollar net shorts. Get your market update from @JMcQueenFX here:https://t.co/S3Kx4OBphE https://t.co/fejOV0AXYv
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Germany 30 are at opposite extremes with 80.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/klgOuNPYtk
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.45% US 500: 0.20% France 40: -0.10% Germany 30: -0.25% FTSE 100: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/umSIPmSxrY
GBP/USD Near Term Trade Plan is Clear

GBP/USD Near Term Trade Plan is Clear

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Near Term Trade Plan is Clear

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: The reversal is well underway. Expect a reaction off of 1.5221 but there is potential several weeks out for 1.5400-1.5600 (38.2%-50% of decline). Estimated near term support is 1.4962-1.5003 if we get there but defense at 1.5070 has been impressive.

FOREX Trading Strategy: Bullish against 1.4830. Upside levels of interest begin at 1.5320-1.5408. Minor resistance is at 1.5221. Support is 1.4962-1.5003. This chart more or less highlights how I’m operating. Pay attention to London hours, especially on a news reaction into 1.5000.

LEVELS: 1.4830 1.4900 1.5003 1.5221 1.5320 1.5415

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

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