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
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
Wall Street
Bullish
Gold
Bullish
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • 🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR), Actual: 5.5% Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR), Actual: 2.3% Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Change (000's) (MAR), Actual: 1k Expected: 25.0k Previous: -8.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR), Actual: 5% Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Change (000's) (MAR), Actual: 1K Expected: 25.0k Previous: -10.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.72%, while traders in US 500 are at opposite extremes with 71.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fRKIEW9Qe9
  • Heads Up:🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR) due at 07:55 GMT (15min), Actual: N/A Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇪🇺 EUR German Unemployment Change (000's) (MAR) due at 07:55 GMT (15min), Actual: N/A Expected: 25.0k Previous: -10.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.54% Silver: 0.77% Gold: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3CdfglYP4g
  • #Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the #coronavirus pandemic threatens to disrupt cross-continental $BTC mining operations. Get your market update from @ZabelinDimitri here: https://t.co/BoH24MVf4P https://t.co/yuEA4wdlS9
Technical Outlook: DXY, Gold/Silver, S&P 500, and More

Technical Outlook: DXY, Gold/Silver, S&P 500, and More

2017-01-27 12:05:00
Paul Robinson, Strategist
Share:

Paul holds webinars on Wednesday, Thursday, and Friday each week, for sign up details and a full schedule of all other live events, please see the Webinar Calendar.

In today’s webinar, we looked at a few interesting charts and set-ups as we head towards a busy week; BoJ, FOMC, BoE, and US NFPs are all on the calendar in successive days.

The US Dollar Index (DXY) continues to trade around very critical long-term support in the constructs of a shorter-term downtrend. It’s getting close to the point where the dollar needs to make up its mind. The series of lower lows and lower highs throughout the course of the month into support could lead to a strong move lower if support gives way in the 99s. We looked at how the overall dollar bias could impact EUR/USD, GBP/USD, USD/JPY and a few other majors.

Gold and silver have been weak, with silver pulling off the clearest level of resistance over the 17 mark. How the dollar responds at support next week will be key.

Crude oil we only touched on briefly, as it’s volatility from day-to-day doesn’t offer much in the way of signaling at the immediate moment. With that said, though, we still maintain that a top could be forming bigger picture, from both a charting standpoint and market positioning perspective.

The S&P 500 still has room to go on the upside after finally breaking out, looking to ~2320 as a potential target. The DAX is challenging key levels from 2015, while the CAC 40, though, isn’t acting so well, but still hanging onto trend support at the moment.

For full considerations, please see the video above.

Trading Guides and Forecasts

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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

DISCLOSURES

News & Analysis at your fingertips.