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
EUR/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
Oil - US Crude
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
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
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
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Netflix fell over 5% after its Q3 results came sharply below forecasts in terms of earnings-per-share (EPS), new subscribers and forward guidance due to a drastic slowdown in sign-ups in the summer season. https://t.co/faqGMEJlHb
  • Wall Street Futures Update: Dow Jones (+0.43%) S&P 500 (+0.40%) Nasdaq 100 (+0.51%) [delayed] -BBG
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/ERyiY47G5H https://t.co/ysyX7W3yGa
  • If you missed this week's session on IGCS where I discussed recent trends in positioning for the #DowJones, #SP500, $AUDUSD and $GBPUSD, discussing the outlook, check out the recording here - https://t.co/KpftLsNaTh
  • 🇦🇺 Westpac Leading Index MoM (SEP) Actual: 0.2% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-10-21
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/38gTDn8ejP https://t.co/ENnLsj88Ta
  • Heads Up:🇦🇺 Westpac Leading Index MoM (SEP) due at 00:30 GMT (15min) Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-10-21
  • USD/JPY and GBP/JPY may reverse lower in the near-term as both exchange rates fail to breach key resistance. CAD/JPY rates eyeing a retest of its post-crisis high. Get your market update from @DanielGMoss here:https://t.co/NptWy89cTa https://t.co/wbPm8lD0C0
  • - S&P 500 unimpressed by ongoing fiscal talks as #election nears - Third and final presidential debate coming up: what to expect - Why might the #SP500 index target an inflection point 3361? https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/10/20/SP-500-Uninspired-by-Fiscal-Talks-Ahead-of-Final-Presidential-Debate.html
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET / 0:00 GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/k1eyZzhAWa
Price & Time: Kiwi - Down Before Up?

Price & Time: Kiwi - Down Before Up?

2015-06-11 12:15:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • USD/JPY holds important Gann level
  • USDOLLAR bounces off minor retracement level
  • NZD/USD falls to new 4-year low

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

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Price & Time: Kiwi - Down Before Up?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY broke below several minor retracements yesterday before finding support at the 3rd square root relationship of the year’s high at 122.45
  • Our near-term trend bias is lower in the exchange rate while below 124.80
  • A move under 122.00 is needed to set off a more important leg lower in the rate
  • A very minor turn window is eyed tomorrow
  • A close above 124.80 would turn us positive again on the pair

USD/JPY Strategy: Square.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*122.00

122.45

123.75

123.75

*124.80

Price & Time Analysis: USDOLLAR

Price & Time: Kiwi - Down Before Up?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USDOLLAR came under further pressure yesterday to test the 50% retracement of the May-June range near 11,840
  • Our near-term trend bias is lower in the index whie below 12,050
  • Traction under 11,840 is needed to set off a more serious decline in the index
  • Very minor turn windows are seen tomorrow and around the middle of next week
  • A daily close over 12,050 would turn us positive on the index

USDOLLAR Strategy: Like selling on strength against 12,050.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USDOLLAR

11,790

*11,840

11,885

11,900

*12,050

Focus Chart of the Day: NZD/USD

Price & Time: Kiwi - Down Before Up?

We had more central bank inspired volatility overnight in the FX markets as the RBNZ decided to cut the OCR and hint at further cuts to in the near future. Not surprisingly, NZD/USD fell sharply in response to record a new low for the year. The exchange rate has been a leader to the downside since May, but some caution is required heading into next week as various forms of cycle analysis suggest that spot is susceptible to some sort of turn during this period (Wednesday focus). The .7000-.6980 area looks to be a clear potential reaction zone, but if this should give way we can’t rule out a move to as low as .6800 before any real basing attempts. The trendline connecting the late April and mid-May highs has been formidable resistance and traction above there (currently at .7200) is needed to confirm any sort of meaningful reversal.

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