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
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
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
Gold
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • - GSA to begin Biden transition process - Janet Yellen picked as Treasury Secretary - Rotation trade prevails - Will Yen weaken? ...and more Check out the latest Asia Pacific AM Briefing here - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/11/24/Japanese-Yen-May-Fall-on-GSA-Joe-Biden-Transition-GBPUSD-Eyes-Resistance.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/s5rheoe2qD
  • “Donald Trump has accepted that a formal transition can begin for US President-elect Joe Biden to take office.” -BBC News
  • Markit US Manufacturing PMI registered its highest pace of expansion in 74 months. The reading came well above market expectations, reflection a post-election lift to confidence and vaccine hopes. https://t.co/kmnhsjwOAk
  • USD Price Outlook: US Dollar Bulls Hold Critical Support Zone -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/11/23/usd-price-outlook-us-dollar-bulls-hold-critical-support-zone.html $USD $DXY #FX #Forex #Trading https://t.co/zgV4oQnzfN
  • Trump says recommended GSA administration to start transition protocols -BBG
  • Equity price action has stagnated following the drawdown in volatility after the Presidential election. Get your market update from @PeterHanksFX here:https://t.co/GByaij6XkI https://t.co/1OCBI1dVZg
  • GSA ascertains Biden the 'apparent winner' of the election -BBG citing AP
  • General Services Administration (GSA) tells president-elect Joe Biden it's ready to begin transition process -BBG citing CNN
  • Could #ASEAN currencies like $SGD, $IDR, #MYR and #PHP gain momentum against the #USD this week? Check out my latest fundamental outlook update here - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/11/23/US-Dollar-Still-Sinking-What-Are-Upside-Factors-USDINR-Eying-Indian-GDP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/RJFBnCT0Hp
  • UK is said to be weighing Huawei installation ban in 2021 -BBG
NZD/USD Cracks 2012 Trendline; .8360 Holding For Now

NZD/USD Cracks 2012 Trendline; .8360 Holding For Now

2013-05-08 20:00:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Cracks 2012 Trendline; .8360 Holding For Now

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: “Evidence continues to mount that the April top is one of significance. The 4/12 uncovered close was reached (less than 1 pip short to be specific) on completion of what appears to be a flat from the 4/15 low and weakness from .8585 is impulsive (5 waves).” The NZDUSD has broken the trendline that extends off of the 2013 lows but needs to take .8362 in order to open up .8270 (2 equal legs from the high). Unemployment is today. .8420/50 is resistance in the event of a positive reaction.

FOREXTrading Strategy: Staying short, risk can be moved down to .8590.

LEVELS: .8210 .8270 .8360 .8412 .8465 .8562

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

DISCLOSURES