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
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
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
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • 💷 $GBP - British Pound Technical Forecast via @DailyFX https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/02/20/gbp-pound-sterling-forecast-gbpusd-gbpjpy-eurgbp-charts.html
  • Heads Up:🇦🇺 AUD CBA Australia PMI Services (FEB P) due at 22:00 GMT (15min), Actual: N/A Expected: N/A Previous: 50.6 https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇦🇺 AUD CBA Australia PMI Mfg (FEB P) due at 22:00 GMT (15min), Actual: N/A Expected: N/A Previous: 49.6 https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇦🇺 AUD CBA Australia PMI Composite (FEB P) due at 22:00 GMT (15min), Actual: N/A Expected: N/A Previous: 50.2 https://www.dailyfx.com/economic-calendar#2020-02-20
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.46% Oil - US Crude: -0.11% Silver: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8H6xUIYSYE
  • The Philadelphia Fed Business Survey hit its highest point since February of 2017 this morning, currently at 36.70 https://t.co/EtstOOuwr2
  • Crude #oil prices have been bolstered by receding market angst around the novel #coronavirus outbreak as well as prospects for more oil supply cuts from #OPEC next month. Get your crude oil market update from @RichDvorakFX here: https://t.co/O17Hpo44V1 #OOTT https://t.co/VCUf0amr5n
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in France 40 are at opposite extremes with 78.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/q26NrU58ec
  • IMF Director Kristalina Georgieva: "Uncertainty is becoming the new normal". Looking at the Global Economic Policy Uncertainty Index certainly seems to suggest that. Not entirely by coincidence, the global aggregate of negative-yielding debt is also swelling again. https://t.co/EPSnwSssnE
  • Commodities Update: NYM WTI Crude 53.78 (+0.92%), ICE Brent Crude 59.32 (+0.34%), NYM NYH Gasoline 166.80 (+0.28%). [delayed]
New Zealand Dollar Upside Favored Towards 8000

New Zealand Dollar Upside Favored Towards 8000

2011-12-20 15:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

300 MinuteBars

eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Upside Favored Towards 8000

Prepared by Jamie Saettele, CMT

“A NZDUSD low appears to be in place at 7460 as the rally from 7460 reveals an impulsive structure. It is possible that a 2nd wave low is in place at 7540 which presents a bullish breakout opportunity on a move above 7645.” The NZDUSD has rocketed higher and expectations are for additional strength over the next several weeks towards 8000. Interim resistance on the way up is 7760. Near term supports are 7660 and 7630.

Other TA Articles

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

DISCLOSURES

News & Analysis at your fingertips.