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
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
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
Bearish
Gold
Bearish
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇮🇳 Inflation Rate YoY (JUL) due at 12:00 GMT (15min) Expected: 6.15% Previous: 6.09% https://www.dailyfx.com/economic-calendar#2020-08-13
  • UK Chief Negotiator Frost says our assessment is an agreement can be reached in September $GBP
  • Join @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for your weekly update on the world's most influential central banks. Register here: https://t.co/xCF8skC3Bz https://t.co/nV2YhbISnj
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/2MCG036HGH https://t.co/PHVjArXYww
  • Repatriation flows for $AUD? https://t.co/vOfFPvq1Ts
  • 🇮🇪 Inflation Rate YoY (JUL) Actual: -0.4% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.21% US 500: -0.22% Germany 30: -0.27% France 40: -0.29% FTSE 100: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/pNdFxFzh7s
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here: https://t.co/7FV2JAxssO https://t.co/qLvzxkHY8p
  • Heads Up:🇮🇪 Inflation Rate YoY (JUL) due at 10:00 GMT (15min) Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-08-13
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
NZD/USD Hammer Pattern Awaiting Confirmation Near 0.8500 Barrier

NZD/USD Hammer Pattern Awaiting Confirmation Near 0.8500 Barrier

2014-07-31 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • NZD/USD Technical Strategy: Sidelines Preferred
  • Hammer Formation Awaiting Confirmation Near 0.8500
  • Break of Intraday Support at 0.8480 To Open 0.8400

NZD/USD has posted a Hammer candlestick which if confirmed could yield a corrective bounce for the beleaguered currency. A successive up-day as well as a push above the psychologically-significant 0.8500 barrier would be required to validate the bullish reversal pattern. However, in the absence of confirmation the immediate risk remains to the downside, which puts the spotlight on the 0.8400 floor.

NZD/USD: Hammer Awaiting Confirmation

NZD/USD Hammer Pattern Awaiting Confirmation Near 0.8500 Barrier

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

The four hour chart gives little weight to the idea of a corrective bounce for the Kiwi. A break of intraday support at 0.8480 alongside an absence of key reversal patterns would open the 0.8400 handle (visible on the daily).

NZD/USD: Lacking Reversal Signals Near Intraday Support

NZD/USD Hammer Pattern Awaiting Confirmation Near 0.8500 Barrier

Four Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES

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.