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
Mixed
Oil - US Crude
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
Wall Street
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
Gold
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/4EAFqWrdyJ
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/F7lTmxFe7i
  • (Sentiment Weekly) British Pound Analysis: GBP/USD and GBP/JPY May Rise as Short Bets Increase #Sterling #GBP $GBPUSD $GBPJPY https://www.dailyfx.com/forex/technical/article/special_report/2021/04/21/British-Pound-Analysis-GBPUSD-and-GBPJPY-May-Rise-as-Short-Bets-Increase.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Xz3xYGCyjb
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/VZiZezFL67
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.24%, while traders in Wall Street are at opposite extremes with 66.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Z2PiY9qEVf
  • Gold Prices Extend Higher Amid Viral Resurgence, Falling Yields https://www.dailyfx.com/forex/market_alert/2021/04/21/Gold-Prices-Extend-Higher-amid-Viral-Resurgence-Falling-Yields.html https://t.co/fGtgLCJ9G8
  • RT @KyleR_IG: Ahead of the @bankofcanada meeting tonight, it's a good time to take a look market expectations of future monetary policy: th…
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.04% 🇯🇵JPY: 0.04% 🇳🇿NZD: -0.03% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.09% 🇦🇺AUD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UWD6X6dMES
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.18% France 40: 0.03% FTSE 100: 0.01% Wall Street: -0.09% US 500: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JqJd78u8OX
  • #AUDJPY could be poised to break lower as price challenges the hypotenuse of an Ascending Triangle These patterns tend to resolve to the upside however, with price breaking back below its short-term moving averages, a downside break may be on the cards $AUD $JPY https://t.co/WfTZNGo7MB
USD at Resistance: EUR/USD, AUD/USD Price Action Setups

USD at Resistance: EUR/USD, AUD/USD Price Action Setups

James Stanley, Senior Strategist

- If you’re looking for trading ideas, check out our Trading Guides. And if you’re looking for ideas that are more short-term in nature, please check out our Speculative Sentiment Index (SSI) Indicator.

- USD Staging a Comeback: The U.S. Dollar is re-approaching a key level at 101.53, and this is the same level that the Greenback had bounced off of last Wednesday. This is the 50% retracement of the January bearish move; and should price action pose a sustained break-above this level, the potential for bullish continuation will be more attractive. But until that break takes place, traders will likely want to remain nimble around USD without too much of a concerted bias.

- EUR/USD ran down to a key level of support with this most recent gust of USD-strength. The 61.8% Fibonacci retracement of the bullish January move resides at 1.0527. At 1.0515 we have the yearly open, and at 1.0500 we have a major psychological level. For those looking to fade USD-strength, this could be a very interesting setup to work with in the near-term.

- On the long side of the Dollar – AUD/USD has been working with a long-term batch of resistance around the .7700-handle. This zone of resistance has capped gains in Aussie for almost a full year, and with price action finding sellers around this zone, the possibility of the longer-term range could become increasingly more attractive.

- We then moved over to look at USD/JPY, which hasn’t shown much excitement over the past week; and this could be indication that the ‘rate hike jitters’ haven’t yet enveloped FX markets. Nonetheless, the longer-term setup still remains as bullish, and should price action further confirm this bullish nature with another higher-low above 112.50, the longer-term setup could become attractive again.

--- 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