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
Mixed
Oil - US Crude
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
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
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.60% 🇨🇦CAD: 0.32% 🇯🇵JPY: 0.31% 🇪🇺EUR: 0.15% 🇬🇧GBP: 0.15% 🇨🇭CHF: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/a37pxmNxGY
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.19% Wall Street: -0.47% Germany 30: -0.72% FTSE 100: -0.78% France 40: -1.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tENVBL1pf2
  • GBP/USD continues to slide modestly lower as the EU-UK talks on a trade deal once the Brexit transition period ends keep going.Get your $GBPUSD market update from @MartinSEssex here:https://t.co/BslRIDrzYH https://t.co/QaIUSsInit
  • Bitcoin (+2.4% @ $13,388) - Short-term overbought but weekly chart showing lots of bullish signs...#btc #bitcoin @DailyFXTeam https://t.co/ZyKLfwiIC8
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.86% Silver: 0.30% Gold: 0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dompeGRosg
  • 🇺🇸 CB Consumer Confidence (OCT) Actual: 100.9 Expected: 102 Previous: 101.3 https://www.dailyfx.com/economic-calendar#2020-10-27
  • Ahead of Australian CPI - $AUDNZD has continued its slide, now testing 200DMA (1.0626)
  • Turkish Finance Minister says Turkey has no plans for capital controls, adds that the Turkish Lira was impact from tourism industry losses $TRY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in NZD/USD are at opposite extremes with 72.52%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RKpFSZgfSJ
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.84% Gold: 0.17% Silver: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0xJvicGHk5
EUR/NOK Could Finally Have Posted Meaningful Low; Look to Buy

EUR/NOK Could Finally Have Posted Meaningful Low; Look to Buy

2012-03-06 06:46:00
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/SekThe market has broken back below the 200-Day SMA to suggest that more weakness could be in the cards. However, we still see this pair carving a more meaningful longer-term base and would be looking for the formation of a fresh medium-term higher low above 6.30 ahead of the next upside extension back through 7.00 over the coming weeks.

Usd/Nok The market has broken back below the 200-Day SMA to suggest that more weakness could be in the cards. However, we still see this pair carving a more meaningful longer-term base and would be looking for the formation of a fresh medium-term higher low above 5.40 ahead of the next upside extension back through 6.00 over the coming weeks.

Eur/NokThe market remains under intense pressure after breaking down below 7.50 and could have its sights set on the multi-year lows from back in 2002-2003 by 7.20. However, daily studies continue to look quite stretched so we still do not rule out the potential for a significant bullish reversal ahead. Nevertheless, a break back above 7.55 will now be required to alleviate immediate downside pressures.

--- 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