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. See our updated Privacy Policy here.

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
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
Oil - US Crude
Bullish
Wall Street
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
Gold
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
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
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
More View more
Real Time News
  • The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY.Get your market update from @FxWestwater here:https://t.co/e2kHTtBHW3 https://t.co/ck8GTIJyrW
  • RT @FxWestwater: New Zealand Dollar Forecast: Upbeat GDP Revives $NZDUSD After #FOMC Drop Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/06/16/New-Zealand-Dollar-Forecast-Upbeat-GDP-Revives-NZDUSD-After-FOMC-Drop.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/MyHdd…
  • My post-FOMC trading video is live on the DailyFX Youtube page. The article to support it will be up shortly after. Does the Dollar's break have run? https://t.co/mCV2jn2gU9
  • $NZDUSD trying to reverse some losses from the #Fed after New Zealand Q1 GDP data overshot expectations Y/Y growth at 2.4% versus 0.9% anticipated Best print since Q3 2019 #NewZealand #NZD #RBNZ https://t.co/Wk52QFYG48 https://t.co/OAyGqHhDXt
  • 🇳🇿 GDP Growth Rate QoQ (Q1) Actual: 1.6% Expected: 0.5% Previous: -1% https://www.dailyfx.com/economic-calendar#2021-06-16
  • 🇳🇿 GDP Growth Rate YoY (Q1) Actual: 2.4% Expected: 0.9% Previous: -0.8% https://www.dailyfx.com/economic-calendar#2021-06-16
  • S&P 500, Dow Jones Analysis: Rising Long Exposure Seems Ominous With Fed Nearing. Get your market update from @ddubrovskyFX here:https://t.co/RHU2EWdGLo https://t.co/otxxsTo502
  • Bank of Canada's Macklem: - Choppiness in Q2 growth - House prices seen balancing - 2% inflation target timing unusually uncertain - BBG $USDCAD
  • The US 10-Year #Treasury yield soared on the #Fed The #bond appears to now be trading within a Descending Broadening Wedge That can at times be bullish A breakout above falling resistance could open the door to resuming the uptrend since last year https://t.co/scLY5rbZhS
  • Heads Up:🇳🇿 GDP Growth Rate QoQ (Q1) due at 22:45 GMT (15min) Expected: 0.5% Previous: -1% https://www.dailyfx.com/economic-calendar#2021-06-16
Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Michael Boutros, Strategist

Talking Points

NZDUSD 30min

Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Chart Created Using FXCM Marketscope 2.0

Notes:Last week we noted a short bias sub-1.6588 on NZDUSD with Friday’s rally failing to breach the upper median-line parallel before turning over into the start of the week. This pullback has now completed a 61.8% retracement of the advance off last week’s lows with intraday RSI divergence into a resistance trigger-break risking a near-term rebound higher here.

If Kiwi is going to rebound, this would be the level for it to make its move. Interim resistance is eyed at 6538 with our bearish invalidation level now lowered to the weekly open at 6558. Support rests at 6488 backed by the median-line / 6455 & 6424.

EURUSD Daily

Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Notes:EURUSD is coming into a critical support confluence around 1.0565 to start the week. The region is defined by the April low-day close, the lower median-line parallel of the formation extending off the August high and a longer-term trendline support dating back to the 2000 low.

Shorts are at risk into this region with a breach above Friday’s high needed to shift the focus back to the topside with such a scenario targeting 1.0805/18. A break below this key support structure eyes the 1.618% extension at 1.0480 & the 2015 low at 1.0456.

GBPUSD Daily

Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Notes:Sterling reversed off a key resistance confluence late last week at 1.5316/33 where the upper median-line parallel converges on the 61.8% retracement and the 200-DMA. The focus remains weighted to the downside while below this region with interim support eyed at 1.5090 and the March 18th close at 1.4976. Keep in mind we get 3Q US GDP revisions tomorrow with consensus estimates calling for an annualized print of 2.1%, up from just 1.5%.

For updates on these setups and more throughout the week subscribe to SB Trade Desk

Relevant Data Releases Next Week

Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or ClickHere to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

Struggling with your strategy? Here’s the number one mistake to avoid

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

DISCLOSURES