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
Wall Street
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
  • US to order 100 million more doses of Pfizer and Moderna vaccines to fight supply shortages - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.32%. See the summary chart below and full details and charts on DailyFX:
  • Mircosoft Earnings 2Q Revenues: $43.08 B, EST. $40.20 B EPS: $2.03 act. vs $1.64 est. $MSFT 246.46 +7.19%
  • So among those joining the fight against the short sellers, is there a hierarchy of virtue such as those buying shares seen as true believers versus those buying up OTM calls as more moral support?
  • Bitcoin Breakdown: Has Everyone Went to Gamestop? #Bitcoin
  • 🇰🇷 Consumer Confidence (JAN) Actual: 95.4 Expected: 93.6 Previous: 89.8
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: France 40: 0.07% Germany 30: 0.02% Wall Street: -0.00% US 500: -0.01% FTSE 100: -0.10% View the performance of all markets via
  • Sterling stronger, approaching a new post-Brexit high against the Dollar $GBP $USD
  • Heads Up:🇰🇷 Consumer Confidence (JAN) due at 21:00 GMT (15min) Expected: 93.6 Previous: 89.8
  • US Dollar weaker as investors embrace risk-on sentiment ahead of mega-cap tech earnings $USD $DXY $NDX
The NZD/USD Retraces to Support

The NZD/USD Retraces to Support

Walker England, Forex Trading Instructor

Market Condition: NZD/USD Bullish Retracement

Target 1: 50% Retracement .6801

Target 2: 100% Retracement .6883

Invalidation: Breakout Under Support at .6719

NZDUSD 4Hour Chart

The NZD/USD Retraces to Support

(Created using Marketscope 2.0 Charts)

The NZD/USD has fallen as much as 116 pips today to test a line of rising trendline support. This line, as depicted above, has been formed by connecting the November 18 low at .6248 with the December 9 low at .6571. By extrapolating this line, we can see the NZD/USD testing support near today’s low of .6719. If prices bounce from this point, it can allow trend traders an opportunity to enter into the market on a retracement. Potential bullish targets include .6801, which represents a 50% retracement from the December 2015 high at .6883.

In the event that prices fall through support, the trendline drawn above would be considered invalidated. This would suggest that price is set to retrace further, or even develop a new bearish trend. In this scenario, any existing bullish positions should be concluded and trend traders may begin to consider bearish opportunities when trading the NZD/USD

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

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