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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
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
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
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Goldman Sachs offers new bitcoin derivatives to Wall Street investors - BBG $GS #BTC #Bitcoin
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 86.53%, while traders in France 40 are at opposite extremes with 76.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qnPkCiqG50
  • President Biden's team likely to proceed with Trump's China investment ban - BBG
  • EUR/USD Technical Analysis: Euro Weakness Forms Lower Highs -via @IG_US @IGSquawk Link to Analysis: https://t.co/k91Se31MO9 $EURUSD #Forex #Trading https://t.co/8aT0ipLThX
  • Fed's Mester: The Fed will talk on tapering but we are not at that point yet
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.41% Germany 30: 0.21% France 40: 0.17% US 500: 0.12% FTSE 100: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fKJfeYKMZy
  • Ethereum briefly traded above $3,600 before retreating slightly. $ETH continues to outperform Bitcoin on a relative basis. $ETH #BTC #Bitcoin https://t.co/imuBwDYGEN
  • Fed's Mester: -Outlook is bright with some remaining risks -Virus still poses a risk to the outlook -Financial stability risks are moderate but will watch -Policy to remain accommodative for some time $SPX $NDX $DJI
  • SEC Chair Gensler: -SEC to release report on trading frenzy by summer -Asking SEC staff for more clarity on swaps -SEC to provide greater clarity around crypto custody -Congress should set a regulatory framework for crypto markets
  • Dogecoin dropped roughly 17% after reaching an all-time high yesterday. Next up for Doge – Elon Musk’s SNL debut on May 8th. Get your market update from @RichardSnowFX here:https://t.co/6fGEahgeoQ https://t.co/V5pglrSUxI
USDOLLAR Daily RSI Sequence Serves as a Warning

USDOLLAR Daily RSI Sequence Serves as a Warning

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Daily RSI Sequence Serves as a Warning

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“A double top target remains at 10623 and today’s (5/5) reversal at the breakdown level from that pattern is viewed in a bearish light. The 1/15 low at 10584 is also of interest for support.”

“The low for the move is thus far 11634. It’s interesting to note that USDOLLAR has made turns in the middle of the month each month so far in 2015. With that in mind, this rally may have legs for at least 11900s before coming under significant pressure. Watch 11740 or so for support.”

-The USDOLLAR may yet reach 11900 as the turn down the last day is immaterial. However, note that RSI has stalled near 50 after advancing from below 30. This sequence often precedes weakness (just as RSI dips into 50 from above 70 precede strength).

For more analysis and trade setups, visit SB Trade Desk

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

DISCLOSURES