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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/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
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 GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance. Get your market update from @DanielGMoss here: https://t.co/DZguLNJBjh https://t.co/duO4eIPHRj
  • “The $AUD is bracing for volatility, facing back-to-back local jobs & Chinese GDP data. Join Analyst @ddubrovskyFX for a unique double-data session as he covers and discusses the outlook for the Aussie tomorrow at 9:15 PM ET/1:15 AM GMT here - https://t.co/ECzthquv9Q https://t.co/Igm1MCeGNE
  • Heads Up:🇦🇺 Westpac Consumer Confidence Index (JUL) due at 00:30 GMT (15min) Previous: 93.7 https://www.dailyfx.com/economic-calendar#2020-07-15
  • The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed. Get your market update from @ddubrovskyFX here:https://t.co/fy366LmjDK https://t.co/4wFFibsNz2
  • Here is an atypical cross for those that just focus on the majors, but nevertheless worth following. $GBPNZD's 10-day ATR is at an extreme low level (lowest since Aug 2018). Suggests a higher risk of a break in the future https://t.co/gguiZrXUMW
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM 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/OtwK8uJohe
  • 🇰🇷 Unemployment Rate (JUN) Actual: 4.3% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇰🇷 Unemployment Rate (JUN) due at 23:00 GMT (15min) Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
  • The ASX 200 stock index looks poised for a reversal at key resistance as Australia-China trade tensions continue to escalate. Get your #ASX 200 market update from @DanielGMoss here:https://t.co/wiP4yPITa6 https://t.co/Zgc7ATjvbT
  • RT @DanielGMoss: Broad risk-on tilt seen early in #APAC trade The haven-associated $USD and $JPY plunging The trade-sensitive $AUDUSD an…
Eur/Nok Oversold After Market Takes out Psychological Barrier; Look to Buy

Eur/Nok Oversold After Market Takes out Psychological Barrier; Look to Buy

2012-02-20 06:34:00
Joel Kruger, Technical Strategist
Share:

Eur/SekRemains weighed down for now but we continue to like the prospects for a bullish resumption over the coming days. Look for setbacks to be well supported above 8.75, while back above 8.93 will confirm outlook and accelerate gains.

Usd/SekRecent setbacks have been well supported above the 200-Day SMA to further confirm constructive outlook and expose a break back towards the trend highs just over 7.00. Ultimately, only back under 6.60 delays outlook and gives reason for pause.

Usd/Nok Has come under pressure in recent trade but could finally be looking to base out after stalling well ahead of the 200-Day SMA. Look for a bullish reversal over the coming sessions, with the latest break back over 5.75 helping to confirm outlook and accelerate gains. Only back under 5.65 delays.

Eur/NokSetbacks have stalled by critical support at 7.50 and the market could finally be poised for some bullish price action with daily studies now stretched. Look for a break back above 7.57 to confirm outlook and accelerate gains. Ultimately, only a two day close below 7.50 would negate.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.