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
Bullish
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
Bullish
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.97%, while traders in France 40 are at opposite extremes with 81.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0sDY8wMAgW
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.11% 🇳🇿NZD: -0.02% 🇪🇺EUR: -0.08% 🇦🇺AUD: -0.15% 🇨🇭CHF: -0.16% 🇨🇦CAD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7VqFugM1Ph
  • Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises https://www.dailyfx.com/forex/market_alert/2021/04/12/Gold-Prices-Fall-as-Strong-PPI-Readings-Boost-Yields-USD-Rises-.html https://t.co/mSIBb6aELR
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: -0.02% Germany 30: -0.16% Wall Street: -0.27% US 500: -0.28% FTSE 100: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uBj1IaEu4W
  • Wall Street Futures Update: Dow Jones (-0.27%) S&P 500 (-0.28%) Nasdaq 100 (-0.27%) [delayed] -BBG
  • (#ASEAN Fundy) US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP #USD #Bonds #Fed #China #MAS $USDSGD https://www.dailyfx.com/forex/fundamental/article/special_report/2021/04/12/US-Dollar-Outlook-Bond-Yields-Powell-and-CPI-in-Focus-USDSGD-Eyeing-MAS-Chinese-GDP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5PYoYUgggs
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/TIZQzitE1j
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3xWt8YB351
  • The opening range for April raises the scope for a further decline in the US Dollar Index (DXY) as the monthly high (93.34) lines up with the first day of the month. Get your market update from @DavidJSong here: https://t.co/3iHUdOz7Oy https://t.co/ZmsEtSOICA
  • New Zealand Dollar Forecast: NZD/USD, NZD/JPY Key Levels with RBNZ on Tap - https://www.dailyfx.com/forex/market_alert/2021/04/12/New-Zealand-Dollar-Forecast-NZDUSD-NZDJPY-Key-Levels-with-RBNZ-on-Tap.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $NZD $NZDUSD $NZDJPY https://t.co/tziU8yPkpm
EUR/USD, Crude Oil & More – Charts for Next Week

EUR/USD, Crude Oil & More – Charts for Next Week

Paul Robinson, Strategist

The Euro has been stuck in a downtrend since coming off the high created in 2018. The question is, will the trend continue, or could it be on the verge of reversing? The thinking on this end, is that the most explosive move could come if the sequence of failed rallies can soon end, giving way to a short squeeze.

But, the tendency for rallies to turn into selling opportunities is one we must continue to respect until there is more evidence a broader reversal is underway. With that said, watch the September 2018 trend-line that is in confluence with the 200-day MA. It's solid resistance.

A forceful turn down from there could quickly tilt the board in favor of shorts. A break on through will not be enough to say the trend has changed, but it would be a start to possibly seeing the trend change.

EUR/USD Daily Chart (end trend? Watch resistance)

EUR/USD, Crude Oil & More – Charts for Next Week

EUR/USD Chart by TradingView

Crude oil is working on a channel/bear-flag that could end up resolving to the downside soon, in-line with the forceful move down after the Saudi attack in September. Price is currently on the lower trend-line, a break and failure to rally thereafter will be viewed as the cue to look for the 50 level and finally the 2016 trend-line to get tested.

Crude oil Chart (watch lower parallel for trigger)

EUR/USD, Crude Oil & More – Charts for Next Week

WTI Oil Chart by TradingView

For the full set of technical details and charts, check out the video above…

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, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---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