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
Gold
Bearish
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
Real Time News
  • #NZDUSD got a big boost when #RBNZ left interest rates alone earlier. It has largely held those gains. https://t.co/VSYQ1yxfQ7
  • European Opening Calls fromIG: #FTSE 7335 -0.41% #DAX 13222 -0.46% #CAC 5900 -0.34% #AEX 597 -0.38% #MIB 23672 -0.46% #IBEX 9262 -0.48% #STOXX 3697 -0.40%
  • 🇪🇺 EUR German Consumer Price Index EU Harmonized (YoY) (OCT F), Actual: 0.9% Expected: 0.9% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2019-11-13
  • 🇪🇺 EUR German Consumer Price Index (YoY) (OCT F), Actual: 1.1% Expected: 1.1% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2019-11-13
  • #Euro Forecast: #EURGBP Broke Month-Long Range. What Next? https://www.dailyfx.com/forex/technical/home/analysis/eur-gbp/2019/11/13/Euro-Forecast-EURGBP-Broke-Month-Long-Range-What-Next.html
  • Heads Up:🇪🇺 EUR German Consumer Price Index EU Harmonized (YoY) (OCT F) due at 07:00 GMT (15min), Actual: N/A Expected: 0.9% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2019-11-13
  • Heads Up:🇪🇺 EUR German Consumer Price Index (YoY) (OCT F) due at 07:00 GMT (15min), Actual: N/A Expected: 1.1% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2019-11-13
  • The $USD enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves. Get your market update from @IlyaSpivak here:https://t.co/VqM4kinKYJ https://t.co/RG4RwLF6ps
  • Very interesting to see #Yen weakness despite broad declines in Asia stocks Wednesday, #SP500 futures are notably lower. Bond yields are on the rise (AU, NZ) after the #RBNZ rate hold. Seems like this may be a yield story amid 2020 #Fed rate cut bets also fading, fueling carry? https://t.co/34upnBTnTX
  • Here is my trading video for the coming trading session: '$USDJPY and S&P 500 Due a Break as Market Shifts from Trump to #Fed's Powell' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/13/USDJPY-and-SP-500-Due-a-Break-as-Market-Shifts-from-Trump-to-Feds-Powell.html?CHID=9&QPID=917719
NZDUSD: Bulls Challenge the 0.82 Figure

NZDUSD: Bulls Challenge the 0.82 Figure

2011-05-27 04:55:00
Ilya Spivak, Sr. Currency Strategist
Share:

Strategy: Pending Short

NZDUSD put in a Bullish Engulfing candlestick above support at the 0.78 figure and bounced higher, meeting resistance at the 123.6% Fibonacci extension of the drop from the November 2010 high at 0.8179. Overall positioning appears to favor the downside, with prices showing the outlines of a bearish Rising Wedge chart formation coupled with negative RSI divergence. With that in mind, there is nothing to indicate a reversal is imminent and we will remain on the sidelines for the time being. A break beyond immediate resistance targets 0.8306, the 138.2% extension level.

NZDUSD_Bulls_Challenge_the_0.82_Figure_body_Picture_3.png, NZDUSD: Bulls Challenge the 0.82 Figure

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.