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. See our updated Privacy Policy here.

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
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
More View more
Real Time News
  • US Dollar Looking for a Lifeline in PCE Inflation Data - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/07/30/US-Dollar-Looking-for-a-Lifeline-in-PCE-Inflation-Data.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USD #Dollar #PCE #inflation
  • Heads Up:🇮🇹 Inflation Rate YoY Prel (JUL) due at 09:00 GMT (15min) Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 Inflation Rate MoM Flash (JUL) due at 09:00 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 Inflation Rate YoY Flash (JUL) due at 09:00 GMT (15min) Expected: 2% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 Unemployment Rate (JUN) due at 09:00 GMT (15min) Expected: 7.9% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 Core Inflation Rate YoY Flash (JUL) due at 09:00 GMT (15min) Expected: 0.8% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 GDP Growth Rate QoQ Flash (Q2) due at 09:00 GMT (15min) Expected: 1.5% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 GDP Growth Rate YoY Flash (Q2) due at 09:00 GMT (15min) Expected: 13.2% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇭🇰 GDP Growth Rate QoQ Adv (Q2) Actual: -1% Previous: 5.4% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇭🇰 GDP Growth Rate YoY Adv (Q2) Actual: 7.5% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-07-30
NZDUSD Near Term Focus Towards 7800

NZDUSD Near Term Focus Towards 7800

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Near Term Focus Towards 7800

Prepared by Jamie Saettele, CMT

“The NZDUSD carved out a bearish key reversal last Thursday. This was the 4th bearish key reversal of the year. The other 3 were 2/15, 2/29 (high for 2012), and 4/13. The reversal and fact that the advance from the 6/1 low consists of 2 equal waves (exact equality would have been 8000) is a powerful combination. The trend is down towards 7750 and 7650. Strength could extend into 7950 but reward/risk is favorable against 8015 even at the current level. Each tick higher increases reward/risk for bears.” After slightly exceeding 7950, the NZDUSD reversed all of this week’s gains in a replay of last Thursday. Look lower, allowing of course for a drifter into 7900.

LEVELS: 7750 7810 7840 7900 7930 7963

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

DISCLOSURES