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
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Gold prices put in a major breakout last month, and so far buyers have been able to hold the bullish trend. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/NGRTSfceOW https://t.co/WeYD451eCw
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.23% 🇨🇦CAD: 0.17% 🇪🇺EUR: 0.14% 🇬🇧GBP: 0.03% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/18JsQysBpm
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.10% France 40: -0.12% FTSE 100: -0.15% US 500: -0.21% Wall Street: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/11CO324Vg7
  • May consumer inflation expectations for the medium term climb to 4% from 3.4% in April.Get your market update from @DColmanFX here:https://t.co/Dsa5Sxn0fU https://t.co/oGStoYQ8qq
  • Heads Up:🇧🇷 Business Confidence (JUN) due at 16:00 GMT (15min) Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
  • Technical Levels: #Dollar, #Sterling, #Loonie, #Gold, #Bitcoin, #Oil and more! (Webinar Archive) - https://t.co/0ztuS6u8z7
  • Poll: With volatility deflating across the financial system, left to wonder what phase of the market cycle we are in currently. What stage do you think we are in right now? (https://www.dailyfx.com/forex/fundamental/article/special_report/2019/02/05/Market-cycle-phases.html)
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.28% 🇦🇺AUD: 0.20% 🇨🇦CAD: 0.19% 🇬🇧GBP: 0.01% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rKGivnA7az
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.37% France 40: 0.32% Germany 30: 0.09% US 500: -0.19% Wall Street: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QYj0laANXU
  • ECB's Villeroy says stimulus will be at least as prolonged as Fed's
Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

Paul Robinson, Strategist

Gold is barely hanging onto an important trend-line, but if silver is any indication it won’t likely hold. Crude oil has positioning headwinds, price action beginning to show weakness. The DAX is rangebound, while the U.S. finally looks vulnerable.

Highlights:

  • Gold hanging onto 1-yr trend-line, but silver may be showing it won’t hold
  • WTI and Brent crude oil contracts may soon make good on lower-highs; positioning headwinds remain
  • The DAX is caught between levels, but leans bearish; S&P 500 acting as if it wants to weaken

Join Paul for Forex technical analysis on Wednesdays & Fridays, and for the entire DailyFX line-up see the Webinar Calendar for details.

Gold is clinging onto a one-year trend-line after a rejection from just under 1300. It’s been sitting there for a couple of days, and while it may bounce a bit from here, if silver is any indication then this key trend-line won’t last much longer. It’s support until it isn’t, so we’re not there yet with a full-on bearish bias. The 200-day is not far below, but not seen as major support should a confirmed trend-line break occur. It will be difficult to become bullish gold until a breakout into the 1300s takes shape.

Silver continues to decline from the symmetrical triangle and July trend-line break. The next level of support lies around 16.14, but if gold starts rolling downhill it is not expected to hold and selling could intensify.

Gold:Daily

Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

Silver: Daily

Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

US crude oil could be in the process of rolling over after failing to make a new high the other day. Large speculators are extremely long and suggest buying power to continue pushing the commodity higher could be running out. On a break below 57, next up is a slope around 56, then solid support around 55. If it continues to hold, despite positioning headwinds, we’ll have to respect that it may want to make another push higher. But rallies are seen as likely to be difficult to maintain until a correction in market positioning occurs.

UK crude oil is testing the bottom of a multi-month channel and should it break, 61.11 and mid-59s become the focus. Brent is postured more poorly than WTI and looks likely to lead any selling we may see.

What characteristics do winning traders possess? Find out today in ‘Traits of Successful Traders’

UK Oil: Daily

Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

The DAX is still stuck in a volatile range. We are waiting for a breakdown below the low 12800s or above 13200. It appears, given its inability to bounce, that a downside break is the more probable scenario at this time. The FTSE 100 is positioned in a weak manner, but has strong support down just under 7300. Staying way for now. The S&P 500 is trading at a series of top-side trend-lines at which we are also seeing volatile price action take shape at. The overall behavior the past few days suggests we could be in for some selling. If so, targeting near 2600 for starters. It’s the final weeks of the year, not looking for the market to melt at this juncture.

S&P 500: Daily

Technical Analysis for Gold, Silver, Oil, DAX, S&P 500, and More

For full technical considerations, please see the video above…

---Written by Paul Robinson, Market Analyst

To receive Paul’s analysis directly via email – SIGN UP HERE

You can follow Paul on Twitter at @PaulRobinsonFX.

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

DISCLOSURES