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
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
Bearish
Gold
Mixed
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
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.27% Silver: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5KtqG4d8Ym
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.04% 🇪🇺EUR: -0.08% 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.15% 🇦🇺AUD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tTYWvu60SE
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.25% US 500: -0.35% Wall Street: -0.36% France 40: -0.40% Germany 30: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/cyYqs9hGYZ
  • 🇫🇷 Business Confidence (OCT) Actual: 93 Expected: 96 Previous: 96 https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heads Up:🇫🇷 Business Confidence (OCT) due at 06:45 GMT (15min) Expected: 96 Previous: 96 https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇩🇪 GfK Consumer Confidence (NOV) Actual: -3.1 Expected: -2.8 Previous: -1.7 https://www.dailyfx.com/economic-calendar#2020-10-22
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out:https://t.co/y3cckNW22W https://t.co/DWXPd1Fa8E
  • 🇳🇴 Unemployment Rate (AUG) Actual: 5.3% Expected: 5.1% Previous: 5.2% https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇩🇪 GfK Consumer Confidence (NOV) Actual: -3.1 Expected: -2.8 Previous: -1.6 https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heads Up:🇳🇴 Unemployment Rate (AUG) due at 06:00 GMT (15min) Expected: 5.1% Previous: 5.2% https://www.dailyfx.com/economic-calendar#2020-10-22
EURUSD, EURAUD, Gold Price Charts & More

EURUSD, EURAUD, Gold Price Charts & More

2019-09-17 11:45:00
Paul Robinson, Strategist
Share:

The Euro isn’t particularly healthy, and the technical landscape remains a significant headwind for the single currency. EURAUD has an appealing set-up we’ve been looking at since last week, more upside looks to be in store in the near future. Gold price is sitting on minor support below major resistance, chart pattern suggests support might break soon.

Technical Highlights:

  • EURUSD outlook remains weak within confines of channel
  • EURAUD has an attractive long set-up unfolding
  • Gold is sitting on support that might not last much longer

For forecasts and educational guides, check them out on the DailyFX Trading Guides page.

EURUSD outlook remains weak within confines of channel

The Euro can’t get out of its way as the general trend remains pointed lower for the single currency. EURUSD turned down off of the June channel line on Friday and saw some good follow-through yesterday. There is solid support below at 10927, but generally pressure is set to remain as long as price stays below the upper channel line.

EURUSD Daily Chart (stuck pointed down in channel)

EURUSD, EURAUD, Gold Price Charts & More

EURUSD Chart by Tradingview

EURAUD has an attractive long set-up unfolding

EURAUD posted a very powerful reversal candle last week on the ECB. The turnabout came at confluent support by way of a trend-line from December and the 200-day MA. This is a set-up we noted on Friday, but needed to see a retracement, first. We got that into yesterday and today EURAUD is looking to carve out a higher-low as well. As long as today’s rally holds, the new line in the same falls under today’s low at 16015. Stay above and a rally looks like the most probable outcome.

EURAUD Daily Chart (higher low after rejection at support)

EURUSD, EURAUD, Gold Price Charts & More

EURAUD Chart by Tradingview

Gold is sitting on support that might not last much longer

Gold is sitting perched just below major long-term resistance that formed during the 2011/12 topping process, extending from 1522 up to 1575. The near-term price action is carving out a head-and-shoulders pattern on the upward channel line from late-May. A clean break below 1484 should have gold rolling downhill towards the 1450/30s area. The key is waiting for an actual break before getting aggressive with a short bias.

Gold Daily Chart (H&S may soon trigger, watch 1484)

EURUSD, EURAUD, Gold Price Charts & More

Gold Price Chart by Tradingview

Resources for Forex & CFD 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.

DISCLOSURES