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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
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
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • OPEC technical meeting was told to expect US oil output to rise by 200kbpd this year - OPEC & Industry sources
  • 🇨🇦 New Housing Price Index YoY (MAY) Actual: 11.3% Previous: 9.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 82.84%, while traders in France 40 are at opposite extremes with 76.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/zkLXaQqTXf
  • Fed's Bullard says his dot plot reflects liftoff in late 2022
  • $USDCAD taking on a new life now, back above the longer-term trendline +370 from the failed breakout earlier this month https://t.co/2oP2ky434R https://t.co/BhnSTJFv2m
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/7nP2tv6q9a
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇪🇺EUR: -0.07% 🇨🇦CAD: -0.13% 🇬🇧GBP: -0.41% 🇦🇺AUD: -0.49% 🇳🇿NZD: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ChEmo0URYP
  • Heads Up:🇨🇦 New Housing Price Index YoY (MAY) due at 12:30 GMT (15min) Previous: 9.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/v6m2DLdhHa
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-18
GBP/USD Daily RSI Trade Setup

GBP/USD Daily RSI Trade Setup

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Daily RSI Trade Setup

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: “The GBPUSD has produced an RSI reversal setup. Price action since the 7/5 low may have completed a flat correction. The decline from last week’s high is impulsive and price remains below the early month high of 1.5303.” The RSI reversal setup is similar to the one that occurred in February. Resistance extends into 1.5182/95.

FOREX Trading Strategy: Resistance to sell into is 1.5180/95. I’ll leave stops above the July high of 1.5303.

LEVELS: 1.4893 1.4980 1.5037 1.5182/95 1.5220 1.5303

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

DISCLOSURES