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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
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
News
S&P 500 and Dollar Forecast Leads Global Markets with Elections Expectations
2020-10-31 03:45:00
Euro Technical Outlook: EUR/USD Breakdown Aims For Multi-month Lows
2020-10-31 03:00:00
Oil - US Crude
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
News
Crude Oil Volatility to Surge on FOMC Decision, US Presidential Election?
2020-10-31 06:00:00
Crude Oil Forecast: WTI Crude Oil Sinks to Fresh Four-Month-Lows
2020-10-29 18:30:00
Wall Street
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
News
Trump Vs. Biden on Economies and Markets
2020-10-30 05:00:00
How Will the Election Affect the Stock Market? Dow Jones Forecast
2020-10-29 21:30:00
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
News
Gold Price Forecast - The Calm Before the US Election Storm
2020-10-31 18:00:00
Gold Technical Forecast: Election Raises Volatility Risk, But Support Holds
2020-10-30 20:00:00
GBP/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
News
GBP/USD Weekly Forecast: US Election the Main Risk, BoE to Boost QE
2020-10-30 16:00:00
Brexit Talks Continue, FTSE Makes a Fresh 6-Month Low, GBP/USD Stable
2020-10-30 08:17:00
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
News
USDJPY Pressing Down on Support as US Election, Covid Lockdowns Fuel Risk Aversion
2020-10-29 09:35:00
Japanese Yen Outlook: USD/JPY Dives into Key Technical Support Pivot
2020-10-28 17:04:00
More View more
Real Time News
  • The market’s preferred ‘fear indicator’ shows a persistent uncertainty around the near future. What can our current conditions and history tell us what to expect from the #VIX through the final two months of the year?https://t.co/jlhcFhH4sI https://t.co/zIrEjxqymJ
  • #Stock market performance is considered an important predictor of the economic outlook. What else can it be used to project? https://t.co/ViTMl19TW3 #Elections2020 https://t.co/methLCaBho
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/b9XwwYS9uJ https://t.co/8OIZVJnaD6
  • A #Euro reversal off technical downtrend resistance now risks a larger correction in price. Here are the levels that matter on the $EURUSD weekly chart. Get your #currencies update from @MBForex here: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/10/31/Euro-Technical-Outlook-EURUSD-Breakdown-Aims-For-Multi-month-Lows.html?QPID=30472&CHID=9 https://t.co/iVhmCXi9EG
  • We are days away from the US Presidential election and the markets are caught in the vortex. A contested outcome would raise serious volatility for the markets whereas a decisive outcome seems to support bullish $SPX and Dollar views from the market rank. https://www.dailyfx.com/forex/video/daily_news_report/2020/10/31/SP-500-and-Dollar-Forecast-Leads-Global-Markets-with-Elections-Expectations-.html https://t.co/JnJbyu6TRT
  • The future implications of the #Elections2020 may influence $AUDUSD following the #RBA and #Fed rate decisions as Congress struggles to pass another round of fiscal stimulus. Get your #currencies update from @DavidJSong here: https://t.co/soPu0Wefz2 https://t.co/UWsERr2AYh
  • Gold prices declined in the aftermath of bearish technical cues, but a key zone of support was reinforced. $XAUUSD volatility risk is elevated ahead of the #Elections2020. Get your #metals update from @ddubrovskyFX here: https://t.co/gWOxdqk8OL https://t.co/gBMgF0YNjH
  • USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90. Get your #currencies update from @JMcQueenFX here: https://t.co/fndMQJLul8 https://t.co/elz5gNAKrB
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here: https://t.co/kpBYVz31Bd https://t.co/7EzMPg9Kqg
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/DjMdgL5x19
Forex Analysis: AUD/USD Classic Technical Report 11.29.2012

Forex Analysis: AUD/USD Classic Technical Report 11.29.2012

2012-11-29 10:38:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are retesting the top of a Descending Triangle chart pattern established from late July (1.0490), a barrier reinforced by the underside of a Rising Wedge chart pattern completed on November 14 (1.0507). A break higher targets 1.0578. Initial support lines up at 1.0367, the 23.6% Fibonacci expansion, with a drop below that exposing the 1.0136-81 area. We continue to hold short.

Forex_Analysis_AUDUSD_Classic_Technical_Report_11.29.2012_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 11.29.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

Related Articles

Gold Price Forecast: XAU/USD Pre-Election Breakdown to Monthly Lows
Gold Price Forecast: XAU/USD Pre-Election Breakdown to Monthly Lows
2020-10-29 17:00:00
Nasdaq 100 Technical Outlook in for a Big Test in Days, Weeks Ahead
Nasdaq 100 Technical Outlook in for a Big Test in Days, Weeks Ahead
2020-10-29 11:30:00
USD Technical Analysis: AUD/USD, EUR/USD, GBP/USD Key Levels to Watch
USD Technical Analysis: AUD/USD, EUR/USD, GBP/USD Key Levels to Watch
2020-10-29 04:00:00
Japanese Yen Outlook: USD/JPY Dives into Key Technical Support Pivot
Japanese Yen Outlook: USD/JPY Dives into Key Technical Support Pivot
2020-10-28 17:04:00
Advertisement

Rates

AUD/USD
Mixed