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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Outside of GameStop and other activist driven stocks, risk markets seem to be struggling for direction. Maybe the Dow and EURUSD will draw direction from the growth forecasts, the FOMC rate decision and key earnings (like TSLA and AAPL). My analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/27/Dow-and-Dollar-Steel-for-FOMC-Top-Earnings-and-Growth-Fight-Against-Speculative-Control.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/SqdH9JM6Pu
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/USD are at opposite extremes with 69.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OeorJgLIJx
  • #DXY carving out a Head and Shoulders pattern suggests that the #USDollar is at risk of extended losses in the near term Clearing range support at 89.95 - 90.05 is needed to validate the pattern, with the measured move implying a push to fresh yearly lows is on the cards $USD https://t.co/fGAQwamrWU
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.02% 🇪🇺EUR: -0.02% 🇬🇧GBP: -0.04% 🇦🇺AUD: -0.14% 🇳🇿NZD: -0.16% 🇨🇦CAD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NjQp5LYv2X
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.12% France 40: -0.12% Germany 30: -0.22% Wall Street: -0.23% FTSE 100: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/dsYBCEfQwy
  • 🇯🇵 Coincident Index Final (NOV) Actual: 89.0 Expected: 89.1 Previous: 89.4 https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇯🇵 Leading Economic Index Final (NOV) Actual: 96.4 Expected: 96.6 Previous: 94.3 https://www.dailyfx.com/economic-calendar#2021-01-27
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/LY7nKcqZD7
  • Heads Up:🇯🇵 Coincident Index Final (NOV) due at 05:00 GMT (15min) Expected: 89.1 Previous: 89.4 https://www.dailyfx.com/economic-calendar#2021-01-27
  • Heads Up:🇯🇵 Leading Economic Index Final (NOV) due at 05:00 GMT (15min) Expected: 96.6 Previous: 94.3 https://www.dailyfx.com/economic-calendar#2021-01-27
AUS 200 Technical Analysis: Consolidation Replaces Rebound

AUS 200 Technical Analysis: Consolidation Replaces Rebound

Nathalie Huynh,

Talking Points:

  • AUS 200 Strategy: Stay still through mixed action. Stops trail support levels
  • December’s low of 4859.9 is back in focus, followed by 4763
  • Unchanged momentum is a hint for consolidation rather than downturn

AUS 200 touched down on 4859.9 support level with a sell-off at early Asia. Momentum has not changed course and a mild recovery in regional stocks today hint at possible consolidation ahead. Investors could stay put throughout these mixed actions, provided support holds.

Any break of December’s low and support level may trigger margin calls / stop loss - that accelerate the slide. Hence the bulls should closely watch this level for signs to get out altogether. Support level below that is 2-year low of 4763.

Momentum direction has not averted. There is still hope for the bulls and dip buyers, more so if prices hold above support throughout today.

AUS 200 Technical Analysis: Consolidation Replaces Rebound

Losing Money Trading Forex? This Might Be Why.

--- Written by Nathalie Huynh, Strategist for DailyFX.com

Contact and follow Nathalie on Twitter: @nathuynh

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

DISCLOSURES