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
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
DAX Technical Analysis: Dripping Price Action Has Waterfall Potential

DAX Technical Analysis: Dripping Price Action Has Waterfall Potential

Paul Robinson, Strategist

DAX Technical Highlights:

  • DAX bearish channel could soon lead to swift downdraft
  • Feb 2016 trend-line not seen as much of a help
  • Continue watching the U.S. market (S&P 500)

Check out the newly released DailyFX Q2 Forecasts for the DAX, Euro, and other major markets, in addition to our Top Trading Opportunities for 2018 – DailyFX Trading Guides.

DAX bearish channel could soon lead to swift downdraft

Last week, we expressed our sentiment that meltdown risk for the DAX is rising. This week? The general bias is the same, with risk of a swoon still on the climb as the German benchmark finds little sponsorship within the confines of a bearish channel.

Since the initial drop off the record highs in January, the DAX has been bouncing its way lower, and in the process carving out ever so slightly lower-lows and lower-highs. At some point, given this poor price behavior and continued failure to mount a real recovery, longs may be ready to throw in the towel and sell in earnest.

Below lies the Feb 2016 trend-line, but given the bearish price sequence is unfolding just above it confidence is low that it will hold. The recent low and the trend-line are in near confluence, a strong push below the two thresholds could have the swoon we’re looking for well underway. In the event of aggressive selling, 11428 is first up as minor support, but there isn’t any major support until the 2011/16 trend-line down around 10600/700.

Rising volatility shaking your confidence? Check out this guide for 4 ideas on how to Build Confidence in Trading.

DAX Daily Chart (Bearish channel setting up for another swoon)

DAX daily price chart, bearish channel setting up for another swoon...

Continue watching the U.S. market (S&P 500)

The U.S. stock markets continue to weaken, as the S&P 500 flirts with leaving the 200-day MA behind. In the world of equity markets, especially in the U.S., the 200-day MA is considered a major threshold. As the saying goes, “bulls live above, bears below”, or something to that effect. Should we begin seeing pervasive selling in the S&P 500, an increasingly likely event, then look for global markets to decline with it.

Forex & CFD Trader Resources

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

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

You can follow Paul on Twitter at @PaulRobinsonFX

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