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.

Free Trading Guides
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
More View more
Real Time News
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: 0.19% Oil - US Crude: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FnkOcMGqdx
  • $EURUSD Daily Pivot Points: S3: 1.0957 S2: 1.0999 S1: 1.1026 R1: 1.1069 R2: 1.1084 R3: 1.1126 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RBNZ's Hawkesby says the OCR should be kept at a low level for some time $NZDUSD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.36%, while traders in France 40 are at opposite extremes with 83.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/K83nKB5PJq
  • Precious Metals Update: #Gold 1471.74 (+0.23%), #Aluminum 1755.00 (+0.80%), and #Copper 5849.00 (+0.64%) [delayed]
  • Event risks for the remainder of the week includes ECB's Financial Stability Review, $CAD Consumer Confidence, #USD FOMC Meeting Minutes, $JPY CPI reading, and ECB President Lagarde will speak in Frankfurt Check out our economic calendar to stay current on the latest releases https://t.co/8Jl5Va6CiQ
  • 🇺🇸 USD Net Long-term TIC Flows (SEP), Actual: $49.5b Expected: N/A Previous: -$41.2b https://www.dailyfx.com/economic-calendar#2019-11-18
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: France 40: 0.19% Germany 30: 0.09% Wall Street: -0.01% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Gz8GGSIMZU
  • #Bitcoin’s price outlook has weakened further after the coin broke beneath its 50-day moving average. Get your $btc market update from @PeterHanksFX here: https://t.co/MkXqsmNVEj https://t.co/3jo7t27leS
  • RT @FactSet: 113 $SPX companies have cited the term "tariff" during earnings calls for Q3, which is 13% below the number for Q2 (130) over…
Dollar & Yen Technical Analysis – Charts for Next Week

Dollar & Yen Technical Analysis – Charts for Next Week

2019-11-08 12:30:00
Paul Robinson, Currency Strategist

The Euro looks like it is headed lower after breaking a near-term trend-line and price support at 11072. It will likely be a bumpy road lower, but with time the October low, then gap-fill from the April 2017 French election and 200-day MA combo are reasonable targets in the week ahead. Selling rallies is the preferred approach. For more, check out this in-depth technical piece on EUR/USD written this morning.

EUR/USD Daily Chart (looks headed lower)

Dollar & Yen Technical Analysis – Charts for Next Week

EUR/USD Chart by TradingView

AUD/USD hit its head on resistance via a trend-lime from last year. The turn down has the channel off the low in focus, a break of the lower parallel could have the pair trading at the bottoms from August-October in the 6700/6670 region.

AUD/USD Daily Chart (could soon pick up downside momentum)

Dollar & Yen Technical Analysis – Charts for Next Week

AUD/USD Chart by TradingView

GBP/JPY is maintaining the rally last month by building a symmetrical triangle. This leaves it poised to continue higher towards the 14400 level, but the pattern will need to break first and at least put price above 14075. There is still risk of a roll-over which leads to a pullback to the 200-day or worse.

GBP/JPY Daily Chart (symmetrical triangle)

Dollar & Yen Technical Analysis – Charts for Next Week

GBP/JPY Chart by TradingView

NZD/JPY is up against a pretty serious level of resistance around the 6950-area. It’s a fairly exact level as even though it spans a decade, the highs and lows associated with the level are fairly precise even on the daily time-frame. This level is also in confluence with the trend-line off the March peak. A break below recent support at 6896, out of the recent trading range, should have NZD/JPY rolling downhill towards the trend-line off the August low.

NZD/JPY Daily Chart (major resistance, looking lower below 6896)

Dollar & Yen Technical Analysis – Charts for Next Week

NZD/JPY 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.


News & Analysis at your fingertips.