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. See our updated Privacy Policy here.



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
Wall Street
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
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth 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:
FTSE 100 Technical Outlook Improves, Big Resistance Again Targeted

FTSE 100 Technical Outlook Improves, Big Resistance Again Targeted

Paul Robinson, Strategist

FTSE 100 Technical Highlights:

  • FTSE trying to power higher again after yesterday’s burst
  • Jan high at 6903 the next level, but the area around 7k the big level to watch

The FTSE 100 popped hard yesterday, rising sharply towards the January high at 6903. Should the market get to that point soon it might not be a difficult level to cross, but the area just beyond there might.

There lies multiple lows from 2019 in the vicinity of 7004 up to 7150, making it a very important spot of resistance. At that juncture we would get to see what the market is really made of, as a rise above could clear a path towards the pre-corona collapse high at 7689.

Should the FTSE struggle to trade higher, the trend-line from late October will be viewed first up as support. It isn’t the strongest trend-line given it has the bare minimum to make up a trend-line (two connecting points). But nevertheless it could act as support. From there, the low at 6397 will be important to watch.

Looking at the general tone in risk trends, probability currently favors seeing higher levels. But continue to keep an eye on other major stock markets, the U.S., Germany, Japan, for cues as to changes that may be happening on the macro-front.

From a tactical standpoint, running with a long bias unless mentioned support levels break.

FTSE Daily Chart (looking higher, test of 7k+ could be in order)

FTSE daily chart

FTSE Charts by TradingView

Resources for Forex Traders

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

You can follow Paul on Twitter at @PaulRobinsonFX

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