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.

Free Trading Guides
EUR/USD
Bearish
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
Gold
Mixed
Oil - US Crude
Bearish
Bitcoin
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
More View more
Breaking news

New Zealand Dollar spikes after the RBNZ unexpectedly held rates at 1.00 percent

Real Time News
  • Missed my coverage of the #RBNZ rate decision where I covered the outlook for $NZDUSD $NZDJPY $AUDNZD and $NZDCAD ? Check out the recording here - https://t.co/Ma7IThm3KE
  • Hang Seng Index down almost five percent since November 8 https://t.co/UH5tZx7LSD
  • Heads Up:🇳🇿 NZD RBNZ Governor News Conference After OCR Decision due at 02:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-13
  • The $AUD appears to have resumed the dominant downtrend against its US counterpart after breaking support set from October lows. Get your $AUDUSD market update from @IlyaSpivak here:https://t.co/DW5oWIuMaX https://t.co/YEDXqYw6b6
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31. A contrarian view of crowd sentiment points to AUD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/bZH4XB09tP
  • Snippets from the #RBNZ Monetary Policy Statement - https://t.co/xkV3R4zLii
  • RBNZ justified policy hold stating that economic developments since August do not warrant a change in policy. - BBG #NZDUSD #NZD
  • 🇳🇿 NZD RBNZ Official Cash Rate (NOV 13), Actual: 1.00% Expected: 0.75% Previous: 1.00% https://www.dailyfx.com/economic-calendar#2019-11-13
  • RBNZ adds that a weaker #NZD is supporting the economy. Policymakers are also assessing alternative policy measures - BBG #NZDUSD
  • RBNZ: - Sees economic growth remaining somewhat subdued through year-end - Interest rates expected to remain low for a prolonged period - Q4 GDP forecasts cut from 0.7% to 0.6% - Necessary to maintain stimulatory for some time - BBG #NZDUSD
EURUSD: Rebound to Yield Sell Entry

EURUSD: Rebound to Yield Sell Entry

2011-05-19 02:02:00
Ilya Spivak, Sr. Currency Strategist
Share:

Strategy: Pending Short

EURUSD found support near 1.4050 having taken out support at a rising trend line the mid-February swing low. The pair is now showing a Star candlestick below resistance at 1.4258, the 23.6% Fibonacci retracement of the drop from the May 4 high, pointing to indecision and hinting sellers may be poised to retake momentum. With that said, confirmation remains elusive and we will remain on the sidelines for the time being. A break higher through current resistance exposes the 38.2% Fib at 1.4388.

EURUSD_Rebound_to_Yield_Sell_Entry_body_Picture_3.png, EURUSD: Rebound to Yield Sell Entry

To discuss these strategies with other traders, please visit the Candlestick Forum

To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.