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
Oil - US Crude
Mixed
Wall Street
Bearish
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
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: 0.03% 🇯🇵JPY: -0.02% 🇨🇦CAD: -0.29% 🇦🇺AUD: -0.40% 🇳🇿NZD: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1QhBhWISuN
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 0.42% Germany 30: 0.28% FTSE 100: 0.25% US 500: -0.27% Wall Street: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/WZkc0V1t2R
  • We are a day away from the FOMC decision and the anxiety is palpable in the markets. DailyFX Chief Strategist @JohnKicklighter looks at the markets ahead of the key event. https://t.co/G8pmyUKsUv
  • $GBPUSD: Range is breaking to downside, watch trend-line support. A break out of the range may not be clean, need to be nimble. Get your market update from @PaulRobinsonFX here:https://t.co/RB7i1fbzvv https://t.co/pwJPnLhw6t
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.19% Gold: -0.24% Silver: -0.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GZEKTPfr86
  • 🇺🇸 NAHB Housing Market Index (JUN) Actual: 81 Expected: 83 Previous: 83 https://www.dailyfx.com/economic-calendar#2021-06-15
  • 🇺🇸 Business Inventories MoM (APR) Actual: -0.2% Expected: -0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2021-06-15
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 74.02%, while traders in France 40 are at opposite extremes with 80.05%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sFrrynaDw7
  • $Gold setting up camp on this support, same spot of prior confluent resistance from the bull flag breakout $GC $GLD https://t.co/FE5bl3c9gW
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.52% Gold: 0.00% Silver: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dbJZhVXKhu
Price & Time: Kiwi Impasse

Price & Time: Kiwi Impasse

Kristian Kerr, Sr. Currency Strategist

Talking Points

Get real time volume on your charts for free. Click HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

Price & Time: Kiwi Impasse

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD traded to its highest level in almost two months this morning before stalling out near the 61.8% retracement of the 2000-2008 advance near 1.1250
  • Our near-term trend bias remains higher while above 1.0960
  • A close over 1.1250 is needed to re-instill upside momentum in the rate
  • A very minor cycle turn window is eyed tomorrow
  • A close below 1.0960 would turn us negative on the euro

EUR/USD Strategy: Like the long side while above 1.0960

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

*1.0960

1.1070

1.1170

1.1195

*1.1250

Price & Time Analysis: S&P 500

Price & Time: Kiwi Impasse

Charts Created using Marketscope – Prepared by Kristian Kerr

  • S&P 500 failed near the 127% extension of the December-January range during the cycle turn window at the beginning of the week
  • Our near-term trend bias is higher in the index while above 2090
  • Traction above 2125 is needed to set off another leg higher in the index
  • A minor turn window is eyed tomorrow
  • A daily close below 2090 would turn us negative on the S&P 500

S&P 500 Strategy: Square, may look to go short on a move under 2090.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

S&P 500

2070

*2080

2100

2108

*2125

Focus Chart of the Day: NZD/USD

Price & Time: Kiwi Impasse

Some interesting action in NZD/USD over the past few days as a set of trendlines continue to have a clear influence on spot. On the topside the line connecting the October and January highs comes into play around .7700 and has proven formidable resistance over the past couple of weeks with various attempts higher stalling out there on a closing basis. The lower trendline just under .7600 connects the March and mid-April lows and has proven to be a solid support these past few days. With these lines inching closer to each other by the day we can only assume this impasse in price will break shortly. Given yesterday’s reversal occurred during a cycle turn window and the fact that the price action over the past few weeks has set up a pretty clear potential double top we slightly favor a downside resolution. A close under .7590 or a break of the pattern trigger at .7540 would signal that that a move lower of some importance is underway. A close over .7700 is needed to invalidate the negative cyclicality and set the stage for a more important push higher in the Bird.

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES