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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/jGgo0gCRAn
  • 🇬🇧 Retail Sales YoY (MAY) Actual: 24.6% Expected: 29% Previous: 42.4% https://www.dailyfx.com/economic-calendar#2021-06-18
  • 🇬🇧 Retail Sales ex Fuel YoY (MAY) Actual: 21.7% Expected: 27.3% Previous: 37.7% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Heads Up:🇬🇧 Retail Sales ex Fuel YoY (MAY) due at 06:00 GMT (15min) Expected: 27.3% Previous: 37.7% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Heads Up:🇬🇧 Retail Sales YoY (MAY) due at 06:00 GMT (15min) Expected: 29% Previous: 42.4% https://www.dailyfx.com/economic-calendar#2021-06-18
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/PJi30TbrBq https://t.co/KtYb33lXQH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.50%, while traders in France 40 are at opposite extremes with 79.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yzouzuw7pv
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjsLNT https://t.co/UsVsiVoFaH
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.09% 🇨🇭CHF: 0.06% 🇯🇵JPY: 0.03% 🇬🇧GBP: -0.01% 🇦🇺AUD: -0.01% 🇳🇿NZD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MkjGzIzcYo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% US 500: 0.07% Wall Street: 0.04% Germany 30: -0.04% FTSE 100: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/u4krd4Zc6i
Bitcoin May Reverse Higher As Sentiment Shifts

Bitcoin May Reverse Higher As Sentiment Shifts

Abdullah AlAmoudi,
Bitcoin Sentiment Suggest Price May Reverse Higher

Majority of Bitcoin Traders Remain Net-Long

Bitcoin: Retail trader data shows 82.9% of traders are net-long with the ratio of traders long to short at 4.85 to 1. The number of traders net-long is 1.5% lower than yesterday and 2.6% lower from last week, while the number of traders net-short is 1.4% lower than yesterday and 0.9% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Bitcoin Shifts to Bullish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Abdullah AlAmoudi, DailyFX Research

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

DISCLOSURES