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
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
GBP/USD
Bearish
USD/JPY
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
Gold
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
Oil - US Crude
Bearish
Bitcoin
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
More View more
Real Time News
  • "The price of #gold has been on an absolute tear this year seeing that spot prices have climbed over 15% through October.Get your insights from Sprott US Holdings CEO, Rick Rule and @RichDvorakFX on $gld: https://t.co/aqrIM5lIJK $XAUUSD https://t.co/miqq3MhOLX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.57%, while traders in France 40 are at opposite extremes with 86.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/pHazfq5yrZ
  • What is the likelihood that Fed Chairman Powell's testimony before Congress tomorrow and Thursday will provide something more tangible to risk/growth than the President's policy speech?
  • $EURUSD trading lower after Trump comments that EU trade barriers may be even worse than China https://t.co/Yiya5wY6Fa
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: US 500: 0.36% Wall Street: 0.19% Germany 30: -0.08% France 40: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fjmmXldQXX
  • #Gold Price Outlook: $XAUUSD Plunges into Critical Support- $GLD Levels - https://t.co/nnCZ3Y53mX https://t.co/rZioXSPVJC
  • US Treasury Yields Update: 2-Year: 1.660% 3-Year: 1.734% 5-Year: 1.734% 7-Year: 1.843% 10-Year: 1.928% 30-Year: 2.410% $TNX
  • RT @LiveSquawk: US Pres. Trump: To ‘Substantially’ Raise Tariffs On Chinese Imports If No Deal Is Reached With China
  • RT @CNET: This asteroid could be the most valuable thing in our entire Solar System. It's valued at $700 quintillion -- that's many billion…
  • Fed's Harker: - We are about neutral in monetary policy right now $DXY
GBP/USD Classical Technical Report 05.26

GBP/USD Classical Technical Report 05.26

2011-05-26 05:40:00
Joel Kruger, Technical Strategist
Share:
GBPUSD_Classical_body_gbp2.png, GBP/USD Classical Technical Report 05.26

GBP/USD: The market is starting to give way, with the price settling back below the 50-Day SMA to warn of additional declines over the coming sessions. Look for deeper setbacks below 1.6000, with current rallies now expected to be well capped ahead of 1.6500. Ultimately, only back above 1.6520 gives reason for concern.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.