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.

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
Bullish
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
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
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/155l4SQU6P
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/vkLRsG8KEn
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:https://t.co/JoaUMTv80S https://t.co/Hl4I8Gl7Ez
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/6lPNDoWZAw
  • The gold price rebound keeps XAU/USD within the confines of the August downtrend. From a trading standpoint. Get your $XAUUSD market update from @MBForex here:https://t.co/B3Jct6mIBD https://t.co/gHAtO2jcrp
  • Gold recovered from a steep sell-off this morning to finish the day just lightly lower $XAU $USD https://t.co/lkcyL8gts9
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.01% 🇯🇵JPY: -0.25% 🇳🇿NZD: -0.55% 🇦🇺AUD: -0.64% 🇨🇦CAD: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UVTYrLMwRS
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.54% Gold: -0.87% Silver: -1.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3BoduI6beG
  • Earnings season is underway and key tech leaders are set to report next week. Get your #Dowjones market update from @PeterHanksFX here:https://t.co/vAesS48lgG https://t.co/es8tChHx3y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cFre7YkQsc
Webinar: USD Ready to Fly or Die - NFP Price Action Setups

Webinar: USD Ready to Fly or Die - NFP Price Action Setups

James Stanley, Strategist

To receive James Stanley’s Analysis directly via email, please sign up here.

Talking Points:

- This is an archive of today’s price action webinar hosted in the Live Trading Room of DailyFX.

- If you’re looking for trading ideas, check out our Trading Guides. And if you want something more short-term in nature, check out our SSI indicator.

- Tomorrow brings the monthly Non-Farm Payrolls report out of the U.S. at 8:30 AM ET, and as usual the potential for volatility is extremely elevated. Please address risk management before considering trading in such an environment if you’re unfamiliar with such market conditions.

- We started off by looking at the interesting technical setup in the US Dollar after the currency spent most of May rallying after a tumultuous down-trend in the three months prior. One of the key motivators of that recent rally was bullish commentary from Fed members that gave the appearance of higher probabilities of a rate hike in June or July. Tomorrow brings us the final NFP report before that June FOMC decision begins in two weeks.

- USD is holding higher-low support, but recent price action has been tip-toeing deeper and deeper into the nearby support zone around the Fibonacci level at 11,960, forming a bull flag formation.

- EUR/USD is showing bearish price action with resistance at the 1.1212 Fibonacci retracement level. For a deeper illustration of that setup, please check out our article, USD Moves to Support Ahead of Heavy Data.

- GBP/USD put in an aggressive reversal on the back of a recent batch of Brexit poll results. A recent bout of support may be showing top-side continuation potential. The big level to watch in the pair is the confluent Fibonacci zone around 1.4371, as we outlined in our most recent GBP/USD Technical Article, Brexit Fears Pummel the Pound.

- USD/CAD appears to be regaining its bullish footing as we’ve seen a series of higher-highs and higher-lows mesh well with a series of Fibonacci support/resistance values. We outlined the setup in USD/CAD two weeks ago, and the same technical levels still apply.

- AUD/USD is a pair that we’ve mentioned a couple times over the past week as the confluent Fibonacci zone of support from .7183-.7203 has capped the declines in the pair. As we mentioned earlier in the week, a potential resistance zone in the .7300 area could be attractive for resumption plays; but this already took place throughout this week. As we near NFP, this may actually be a reversal candidate considering proximity to well-tested support.

- We also discussed USD/JPY, as it looks increasingly likely that the down-trend may be coming back in the pair. Yen strength has been all the rage since Shinzo Abe cancelled the planned tax hike for Japan yesterday, and despite the fact that he said a ‘comprehensive, bold economic stimulus package’ was coming this fall, investors have continued to sell out of the Nikkei as the Yen has continued to strengthen. The level of 109.10 is interesting as potential resistance. We had outlined this setup a couple of weeks ago in the article, EUR/USD, USD/JPY: Which Will Break First.

--- Written by James Stanley, Analyst for DailyFX.com

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

Contact and follow James on Twitter: @JStanleyFX

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

DISCLOSURES