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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX:
  • 🇮🇩 Interest Rate Decision Actual: 3.5% Expected: 3.5% Previous: 3.5%
  • 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:
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.02% Silver: 0.36% Gold: -0.14% View the performance of all markets via
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.65% 🇳🇿NZD: 0.58% 🇨🇦CAD: 0.39% 🇬🇧GBP: 0.13% 🇨🇭CHF: 0.03% 🇯🇵JPY: -0.30% View the performance of all markets via
  • Heads Up:🇮🇩 Interest Rate Decision due at 07:30 GMT (15min) Expected: 3.5% Previous: 3.5%
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.13% US 500: 0.08% Germany 30: -0.16% France 40: -0.19% FTSE 100: -0.20% View the performance of all markets via
  • 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:
  • (Commodities) Gold Prices Seesaw as US Dollar, Treasury Yields Diverge Before Netflix Earnings #Gold #XAUUSD #USD #Bonds
  • 🇬🇧 Claimant Count Change (MAR) Actual: 10.1K Previous: 86.6K
Webinar: Price Pattern Analysis for USD/JPY, EUR/USD, and Gold Prices

Webinar: Price Pattern Analysis for USD/JPY, EUR/USD, and Gold Prices

Jeremy Wagner, CEWA-M, Head of Education

The video above is a recording of a US Opening Bell webinar from October 30, 2017.

Looking for methods to improve your trading, check out this guide on Traits of Successful Traders guide.

In today’s US Opening Bell webinar, we discussed technical Elliott Wave patterns on several key markets for this week. Some of the key markets we analyzed (not in this order) include USD/JPY, EUR/USD, gold, DJIA, AUD/USD, NZD/USD, USD/CAD, and gold.

For the past five weeks, we have been long USD/JPY while pulling the stop loss higher. Though the technical picture is not the cleanest, USD/JPY has remained above technical support levels allowing us to pull the stop loss higher. Today, we want to move the stop loss further still up to 112.45.

EUR/USD plummeted below the key level of 1.1662 last week. This negates the bullish triangle pattern as a possibility, but does not negate the potential for a fourth wave flat correction. As discussed on the webinar, the price patterns are not displaying obvious impulses to the downside. As a result, EUR/USD may find support near 1.15 in a fourth wave.

Gold prices have received their relief rally we anticipated. It is possible that gold prices may continue higher, but the counter trend bounce is becoming mature. Once this relief rally exhausts, we will be looking for a resumption of the sell off to run down towards $1200.

Towards the end of the recording, we discussed methods I use when determining trend direction or potential wave count when the technical picture is not very clear. To understand this portion of the video, you will need to have a basic understanding of impulse waves and corrective waves. To help you toward understanding those patterns, grab these beginner and advanced EW guides.

These resources were shared on the webinar as well.

What is a zigzag?

3 Elliott Wave flat patterns and how to trade them.

---Written by Jeremy Wagner, CEWA-M

Discuss these markets with Jeremy in Monday’s US Opening Bell webinar.

Are you new to trading FX? We created this guide just for you.

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

To receive additional articles from Jeremy via email, join Jeremy’s distribution list.

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