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
More View more
Real Time News
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-08-03
  • Bitcoin cooling off after an impressive run to end the month of July $BTCUSD #Bitcoin https://t.co/7y7H5rldxM
  • Narrator: Not today. Nice rebound staged off that critical support level with oil and yields firming up a bit on the session. Will bulls push onward to print a higher high? $SPY #Trading #Markets https://t.co/jn1yKFNCLG
  • NY Fed accepts $909.44 billion in reverse repo operations $USD $DXY
  • RT @IG_US: Watch @GuyAdami & @RiskReversal discuss - Earnings Recap - Rates In Reverse - Economic Slowdown? - Plus strategist @CVecchioFX…
  • Bitcoin and Ethereum are both recovering from the early-summer slumps that enveloped the crypto market. Get your market update from $btc market update from @JStanleyFX here:https://t.co/kgPJfJKptS https://t.co/hII11U0POd
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.90%, while traders in France 40 are at opposite extremes with 82.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Y0B0I5qE0y
  • $USD still sticking to the range. I'd be surprised if this holds until #NFP on Friday. But at the least there's some definition to work off of $DXY https://t.co/kHZnEFP1AX https://t.co/jkE2gugZpL
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: -0.18% Oil - US Crude: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zbfas5ZeLn
  • SEC Chair Gensler: - SEC will take powers "as far as they go" when regulating crypto - I am looking forward to reviewing filings for Bitcoin ETFs
NZDUSD Breaks August Low-More Evidence that Market Topped

NZDUSD Breaks August Low-More Evidence that Market Topped

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Breaks August Low-More Evidence that Market Topped

Prepared by Jamie Saettele, CMT

“Bigger picture, the NZDUSD rally from the June 1 low is probably wave c within a triangle from the November low (B wave triangle). A drop below 8067 would increase confidence that a top is in place and that the next leg of the triangle is underway towards 7700.” The NZDUSD traded below 8067(August low), which leaves us with an objective level to be bearish against (8223). Focus is now on 8000 and 7930. For those so inclined, today’s break leaves a head and shoulders top in place with a measured objective near 7910.

LEVELS: 7930 8000 8030 8075 8115 8140

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

DISCLOSURES