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
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
More View more
Real Time News
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
  • 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:
  • 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:
  • 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:
  • 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:
Charts of Interest – EUR/USD, USD/CAD, GBP/NZD, Gold Price & More

Charts of Interest – EUR/USD, USD/CAD, GBP/NZD, Gold Price & More

Paul Robinson, Strategist

With USD back on the offensive, EUR/USD is testing a big level of support while USD/CAD looks to try and make good on a bull-flag breakout. GBP/NZD is up against resistance, but pulling back to a higher time-frame there is a big-picture pattern that could soon have this choppy pair trending. Gold’s gradual pullback is beginning to attract selling interest, moving towards a pivotal point.

Technical Highlights:

  • EUR/USD testing 11500-area, big support
  • USD/CAD broke out of a bull-flag
  • GBP/NZD at resistance, top of triangle
  • Gold price pullback gaining downside momentum

To check out our intermediate-term fundamental and technical outlook on major markets and currencies, see the DailyFX Trading Forecasts.

EUR/USD testing 11500-area, big support

The euro is currently testing the area around 11500, with it having longer-term implications than just the bottom of the once-wedge back to late-May. A hold keeps EUR/USD afloat for now and somewhat constructive, but a break will be viewed as having potential to confirm the recent rally as only a corrective bounce amid the trend since the top earlier this year.

EUR/USD Daily Chart (11500 support)

eur/usd daily chart with 11500 support

To see what’s been driving the Euro, check out the Quarterly Report

USD/CAD broke out of a bull-flag

USD/CAD broke out of a bull-flag yesterday, a set-up we looked at a few weeks back. The final test of the pattern came right at the 2012 slope, a persistently important angle. The breakout has focus on top-side levels beyond 13400. A slight pullback or consolidation here would be ideal, but as long as price doesn’t close back inside the flag then the bias is for higher prices.

USD/CAD Daily Chart (Bull-flag breakout)

usd/cad daily chart, bull-flag breakout

GBP/NZD at resistance, top of triangle

GBP/NZD hasn’t been favored this year as choppy price action has dominated. However, for the same reason we’ve been avoiding it may be the reason why we are about to start paying attention. It is currently reversing off a top-side trend-line from late-November, which also makes up the top-side line of a broad triangle formation under construction for the past nine months. We need a confirmed breakout, but it’s close enough to the apex to put this one on the radar.

GBP/NZD Weekly Chart (Triangle)

gbp/nzd weekly chart, triangle

See what’s driving GBP in the Quarterly Pound Report

Gold price pullback gaining downside momentum

Yesterday, when we looked at gold we were discussing the gradual decline and how this could be a constructive situation, but also noted that it could spawn into more aggressive selling. So far, the latter is unfolding and if the dollar continues to press higher (watch euro 11500), gold may succumb to further selling and follow the way of its sibling, silver. A break below 1183 would add weight to this notion…

Gold Daily Chart (1183 support)

gold daily chart, at risk of gaining downside momentum

To find out what’s been driving gold, check out the Quarterly Gold Report

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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