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
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
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • ECB policymakers debated PEPP expansion of EUR 500-750bln. Policymakers expressed worries about deviation from capital key - ECB sources
  • Canadian PM Trudeau says updated COVID-19 modeling to be released Thursday, evidence shows virus may be slowing - BBG
  • Florida virus cases increase 2.4% versus prior 7-day average of 1.6% - BBG
  • GBP/USD is easing back Thursday after a week of gains as the June 30 deadline for the UK to ask for an extension of its Brexit transition period approaches. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/ymQqurP9Nw https://t.co/ozMH50KfbQ
  • Hey traders! With @ecb announcing 600bn increase in its PPE program. How is this impacting the markets? Get your market update for today from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/H8q5yz430P
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.84% 🇦🇺AUD: 0.54% 🇳🇿NZD: 0.47% 🇬🇧GBP: 0.18% 🇨🇦CAD: -0.01% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lRvWDOlu3j
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.28% US 500: 0.12% France 40: 0.06% Germany 30: -0.21% FTSE 100: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/d2SBu9DxXv
  • El #Ibex35 defiende los 7.600 puntos gracias al estímulo ilimitado del #BCE #trading https://t.co/14JmYVr4Q5
  • EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Jan 14 when EUR/JPY traded near 122.23. A contrarian view of crowd sentiment points to EUR/JPY strength. https://www.dailyfx.com/sentiment https://t.co/PIrps86vUZ
  • The Nasdaq 100 ($NDX) has its record intraday high. Now is the point where we have the milestone and we start considering conviction. And, that sharp ascending wedge puts a lot of pressure on bullish control https://t.co/VJlAKLD75I
ASX 200 Heading Lower after Breach of Support

ASX 200 Heading Lower after Breach of Support

2016-03-29 04:31:00
Nathalie Huynh,
Share:

Talking Points:

  • Strategy: Adjust stop loss if the index declines further
  • Downward momentum strengthened after previous support was broken
  • New support comes at 4918.4

The ASX 200 declined for the fifth straight session today after it broke through the 5074 support level. Strong downward momentum hints at further downside development. A new immediate support level comes at 4918.4.

Investors are waiting for large dividend payouts scheduled for this Friday, which may lead to lower prices ex-dividend. Investors in the Nikkei index already experienced such situation today.

Traders with short positions should keep watch of the previous support level - now turns into resistance - at 5074 to adjust their stop loss if need be. Those who look to sell upon a downtrend or for range trade may find opportunities if the index closes below 5074 level today. All signs point to lower moves for now.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

Losing Money Trading Forex? This Might Be Why.

ASX 200 Heading Lower after Breach of Support

Daily Chart - Created Using FXCM Marketscope

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

To receive Nathalie’s analysis directly via email, please SIGN UP HERE

Contact and follow Nathalie on Twitter: @nathuynh

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

DISCLOSURES

News & Analysis at your fingertips.