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
Subscribe
Please try again
EUR/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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Going live shortly at the link below! Talking inflation, the Fed and what it all means for the $SPX and $NDX and $GLD https://t.co/E2HHhB5GWD
  • The Dollar's rebound following the CPI release is re-forming the 'right shoulder' on the $AUDUSD's Head-and-Shoulders pattern that has been developing throughout 2021. Run up started with the Mar 19, 2020 reversal low, so a lot to correct if 0.7550 eventually gives https://t.co/NrAU370cwl
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.06% 🇬🇧GBP: -0.35% 🇨🇭CHF: -0.59% 🇯🇵JPY: -0.71% 🇦🇺AUD: -1.22% 🇳🇿NZD: -1.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SqTzV7xT3f
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.18% Germany 30: 0.72% France 40: 0.64% Wall Street: -0.84% US 500: -1.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/t2cIOfCEmP
  • Hey traders! The top story is US inflation figures. What other data are we banking on? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/5g8GYPuFks
  • US Dollar bulls send the broader DXY Index sharply higher following red-hot inflation data. Get your market update from @RichDvorakFX here:https://t.co/27CGGOsTxh https://t.co/3uERS5kICD
  • Hey traders! The Top story is US inflation figures. What other data are we banking on? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/ziropKKK2E
  • I don't envy the Fed officials today. These headline and core CPI figures are going to be distressing. Maintaining the 'inflation is transitory' view is the central bank equivalency of HODL or diamond hands https://t.co/jm99h6f89u
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.70% Gold: -0.39% Silver: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bkkaIuBhqz
  • Ten-Year US Treasury yields breaking out above 165-basis points following notably hotter-than-expected inflation data this morning. Headline and core CPI both topped market forecast with readings of 4.2% and 3.0%, respectively. I previewed this scenario yesterday on @tradingview. https://t.co/Fgc0RZe2nw https://t.co/VHmkcuJm9p
NZD/USD Continues Cautious Advance With A Bullish Pattern In Its Wake

NZD/USD Continues Cautious Advance With A Bullish Pattern In Its Wake

David de Ferranti, Currency Analyst

Talking Points

  • NZD/USD Technical Strategy: Sidelines Preferred
  • Candlestick Pattern Offers Bullish Signal
  • Harami Awaiting Validation On H4

NZD/USD has continued its cautious creep higher in the wake of a Harami candlestick formation. While bearish reversal signals remain lacking some skepticism over a further advance may be warranted given ‘messy’ price action over the past several weeks. This suggests a consolidation may be a more likely path for the pair with sellers likely to re-emerge at the 0.8000 handle.

NZD/USD: Harami Candlestick Formation Receives Confirmation

NZD/USD Continues Cautious Advance With A Bullish Pattern In Its Wake

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

The four hour chart suggests some indecision from traders near the 0.7960 ceiling, as denoted by a Doji formation. However with bearish formations lacking the potential for a pullback over the session ahead is questionable. Buying interest is evident at former support-turned-resistance at 0.7902.

NZD/USD: Doji Denotes Intraday Indecision

NZD/USD Continues Cautious Advance With A Bullish Pattern In Its Wake

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