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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
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
Wall Street
More View more
Real Time News
  • Strong quarter from Nike - Revenue: $10.59B vs $9.11B exp - EPS: $0.95 vs $0.47 exp - However, Nike noted continued Y/Y declines in physical retail traffic - $NKE shares jump more than 8% in after-hours
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.59% Germany 30: 0.39% France 40: 0.38% US 500: 0.00% Wall Street: 0.00% View the performance of all markets via
  • Australian Dollar has broken parallel support and remains at risk for further losses within the broader June uptrend. Get your $AUDUSD technical analysis from @MBForex here:
  • Based on today's chart of the #Nasdaq, do you think we are seeing the beginning of a recovery or just a temporary pause before a deeper decline?
  • archived video of today's webinar posted and ready to go. 1. Equity pullback/reversal potential 2. USD strength shows up in September 3. Which pairs might be most attractive to pick on for USD strength themes
  • UK PM Boris Johnson: -No easy way to tackle coronavirus pandemic -Too many have failed to follow guidelines -Must do all we can to avoid second lockdown -There are unquestionably difficult months to come $GBP $UKX
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.17% Gold: -0.33% Silver: -1.08% View the performance of all markets via
  • $AUDUSD is another Dollar-based pair that is threatening a bigger technical breakdown than perhaps the market is ready to commit to. Overlay is the $SPX
  • After a stern sell-off in July and August, USD/CAD has started to show hues of reversal so far in September. Get your $USDCAD technical analysis from @JStanleyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.45%, while traders in NZD/USD are at opposite extremes with 69.56%. See the summary chart below and full details and charts on DailyFX:
ASX 200 Technical Analysis: 2017 High Looms Tantalisingly Near

ASX 200 Technical Analysis: 2017 High Looms Tantalisingly Near

2017-10-24 03:00:00
David Cottle, Analyst

Talking Points:

  • The ASX 200 has finally left its long, narrow 2017 range behind
  • Indeed it has left it quite a long way behind in a very short time
  • Now the year’s highs are tantalisingly close

Just getting started in the ASX 200 trading world? Our beginners’ guide is here to help

Last week the ASX 200 managed a feat many market watchers were beginning to think they might never see.

The index managed at last to break above the narrow, 160-point ‘super range’ which had bounded its endeavours on a daily-closing basis since May. Indeed, a remarkable run higher since October 5 has seen the Sydney stock benchmark homing back in on its 2017 peak. That’s May 9’s 5961, now a mere 60 points distant.

ASX 200 Technical Analysis: 2017 High Looms Tantalisingly Near

Can it get there? Well the momentum is clearly still with the bulls and there’s no obvious reason why not. However, they have yet to conclusively deal with a resistance area from early May which guards the way there. They are trying it seems, and with some resolve, but a weekly close above these levels would go a long way toward making their case.

ASX 200 Technical Analysis: 2017 High Looms Tantalisingly Near

Of course, some pause for breath would probably be a good idea after such a breathless run higher. If that pause doesn’t take the index too far below this area, which comes in between 5883 and 5898 then it’s probable that the momentum still remains to the upside.

However, complacency might be dangerous. If we zoom out to the weekly chart for a little perspective we can clearly see some danger that the ASX could form a nasty double top if it can’t push on decisively from current levels. What’s more it might form it in an area which has been very unfamiliar to the index on a long-term basis since way back in 2008.

ASX 200 Technical Analysis: 2017 High Looms Tantalisingly Near

This chart surely bears watching. The ASX has put in a magnificent upside performance lately – as have many of its global peers. But the bulls still have work to do here.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

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