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
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.

Data provided by
GBP/USD
Mixed
USD/JPY
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.

Data provided by
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
Bullish
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
Mixed
More View more
Real Time News
  • 🇪🇺 EUR German IFO Expectations (FEB), Actual: 93.4 Expected: 92.1 Previous: 92.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • 🇪🇺 EUR German IFO Current Assessment (FEB), Actual: 98.9 Expected: 98.6 Previous: 99.2 https://www.dailyfx.com/economic-calendar#2020-02-24
  • 🇪🇺 EUR German IFO Business Climate (FEB), Actual: 96.1 Expected: 95.3 Previous: 96.0 https://www.dailyfx.com/economic-calendar#2020-02-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.78%, while traders in US 500 are at opposite extremes with 68.80%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/LVxJXK0YNh
  • Heads Up:🇪🇺 EUR German IFO Current Assessment (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 98.6 Previous: 99.1 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Heads Up:🇪🇺 EUR German IFO Expectations (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 92.1 Previous: 92.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Heads Up:🇪🇺 EUR German IFO Business Climate (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 95.3 Previous: 95.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: 2.37% Silver: 1.79% Oil - US Crude: -3.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qGErDKxU6q
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.08% 🇨🇭CHF: -0.19% 🇬🇧GBP: -0.23% 🇨🇦CAD: -0.44% 🇦🇺AUD: -0.52% 🇳🇿NZD: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UZkhKdEaS4
  • RT @TimBukOne: @ShaunMurison_IG Update: Now with latest real-time price added - lowest levels since 2003 using inflation adjusted, constant…
GBP/USD Friday Doji at Range Highs Portends Weakness

GBP/USD Friday Doji at Range Highs Portends Weakness

2013-10-21 19:38:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

eliottWaves_gbp-usd_1_body_gbpusd.png, GBP/USD Friday Doji at Range Highs Portends Weakness

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-GBPUSD saw its 2nd largest 1 day rally of the year on 10/17, behind only 9/18. The market remains below the October high and the 10/1 close at 1.6195 is estimated resistance before the high.

-Exceeding the 10/1 high (1.6259-which is pips from the 1/2 close of 1.6252) still faces the January high (first trading day of the year in fact) at 1.6380.

Trading Strategy: GBPUSD has yet to confirm the EURUSD high. This market may very well remain within a range. With a high in place on 10/1, I am turning bearish for a return to the near term range lows and maybe more.

LEVELS: 1.6055 1.6096 1.6125 | 1.6195 1.6259 1.6300/10

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

DISCLOSURES

News & Analysis at your fingertips.