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.

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
EUR/USD
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
Oil - US Crude
Bullish
Wall Street
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
Gold
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
Bullish
USD/JPY
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
More View more
Real Time News
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.77% Silver: 0.39% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4rXyUYBYzw
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.36% 🇯🇵JPY: 0.31% 🇪🇺EUR: 0.05% 🇨🇦CAD: -0.11% 🇨🇭CHF: -0.14% 🇬🇧GBP: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZ5R3mMJhS
  • - 77% of adults say they are okay financially in June vs 72% in early April - Rate of layoffs is much higher among low-income families - 31% of workers do all work from home vs 41% in early April
  • Hey traders! Wrap up your week with a market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/DFZwD0vG3I
  • Federal Reserve U.S. Household Survey: - Actions from government seemed to have eased the financial strain on families - 33% laid off from March to July have returned to work for the same employer - 19% working parents expect to work less if students don't return to school
  • 🇷🇺 Unemployment Rate (AUG) Actual: 6.4% Expected: 6.2% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.01% FTSE 100: -0.03% France 40: -0.03% Wall Street: -0.09% US 500: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/H6M34f4ZTZ
  • Madrid to go back on lockdown, which will affect 850k people $EUR
  • US Treasury Yields: 2-Year: 0.131% 3-Year: 0.154% 5-Year: 0.269% 7-Year: 0.463% 10-Year: 0.684% 30-Year: 1.439% $TNX
  • Heads Up:🇷🇺 Unemployment Rate (AUG) due at 16:00 GMT (15min) Expected: 6.2% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2020-09-18
GBP/USD Rally Rejected at Long Term Slope Resistance

GBP/USD Rally Rejected at Long Term Slope Resistance

2015-05-05 21:10:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

GBP/USD Rally Rejected at Long Term Slope Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The sharp turn higher (and weekly reversal) is promising for longer term bottoming prospects, especially in light of the mentioned divergence.”

-GBPUSD is made good on its divergence and RSI poked above 70 for the first time since the top last July. The rejection at long term slope resistance could lead to a test of support near 1.4950 as part of a larger bottoming process.

View additional analysis and receive trade ideas

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

DISCLOSURES