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
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
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
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
More View more
Real Time News
  • The US Dollar is stronger this morning following yesterday's market volatility. After falling to a nearly two month low below the 90.00 level early yesterday, the $DXY has resurged to a one week high, currently around 90.60. $USD https://t.co/vM9Kuq2tjV
  • Heads Up:🇺🇸 Goods Trade Balance Adv (JAN) due at 13:30 GMT (15min) Previous: $-82.47B https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 PCE Price Index MoM (JAN) due at 13:30 GMT (15min) Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.06% 🇨🇭CHF: -0.18% 🇨🇦CAD: -0.34% 🇬🇧GBP: -0.61% 🇳🇿NZD: -1.07% 🇦🇺AUD: -1.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XoinmY8IKD
  • Heads Up:🇺🇸 Core PCE Price Index MoM (JAN) due at 13:30 GMT (15min) Expected: 0.2% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Personal Spending MoM (JAN) due at 13:30 GMT (15min) Expected: 2.5% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Personal Income MoM (JAN) due at 13:30 GMT (15min) Expected: 9.5% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 PCE Price Index YoY (JAN) due at 13:30 GMT (15min) Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Core PCE Price Index YoY (JAN) due at 13:30 GMT (15min) Expected: 1.4% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/OD2HjojJ9f
NZD/USD Bullish Engulfing Pattern Emerges Post Rebound From Key Level

NZD/USD Bullish Engulfing Pattern Emerges Post Rebound From Key Level

David de Ferranti, Currency Analyst

Talking Points

  • NZD/USD Technical Strategy: Flat
  • Bullish Engulfing Pattern Emerges On Turn
  • H4 Chart Offered An Early Hint At A Recovery

NZD/USD’s upturn has seen a Bullish Engulfing pattern emerge, which may be the precursor to further gains if confirmed by a successive up-session. If this is not received a downside break would be preferred for fresh short positioning with a target offered by the 2012 low near 0.7450.

NZD/USD: Bullish Pattern Emerges Following Intraday Rebound

NZD/USD Bullish Engulfing Pattern Emerges Post Rebound From Key Level

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

The four hour chart offered an early hint at a recovery for the Kiwi in the form of a Morning Star pattern. A climb over intraday resistance (now support) at 0.7790 amid a void of bearish reversal signals suggests some scope for further gains.

NZD/USD: Bullish Pattern Offered Early Hint At A Recovery

NZD/USD Bullish Engulfing Pattern Emerges Post Rebound From Key Level

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

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @DaviddeFe

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