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
  • #BlackRock: The new nominal theme leads to a steeper yield curve expectation than market pricing. We see yields rising gradually, keeping us broadly underweight government bonds, particularly for longer maturities #trading $TLT
  • BlackRock: We are overweight European equities, and neutral Japan #trading
  • Gold prices face off with rising Treasury yields as jobs data approaches. Meanwhile, iron ore prices caught a small bid on bullish port activity out of China. Get your market update from @FxWestwater here:https://t.co/A79cY6KvDI https://t.co/rJ0xqsUPu1
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwvklO https://t.co/cRqAcvYkI8
  • #Blackrock: We are moderately pro-risk and keep some cash to potentially further add to risk assets on any market turbulence #trading $SPX $RUT $DJIA
  • RT @BrendanFaganFx: Natural Gas Outlook: Price Continues to Soar as Severe Winter Shortage Looms $NG $NG_F Link: https://www.dailyfx.com/forex/market_alert/2021/09/28/Natural-Gas-Outlook-Price-Continues-to-Soar-as-Severe-Winter-Shortage-Looms.html…
  • USD/CAD is set to snap a five-day sell-off with today’s rally breaking near-term downtrend resistance. Get your $USDCAD market update from @MBForex here:https://t.co/GhpA2pJJqL https://t.co/sDuE9WdDEg
  • US natural gas prices continue to rise, with Henry Hub futures eyeing the 2014 high of $6.493 mmBtu $NG $NG_F https://t.co/ZtvB0X9uGR
  • Blackrock says it is dipping its toes back into China's equity market after the recent sell-off #trading https://t.co/nXyZgxRLlC
  • Blackrock says it is dipping its toes back into China equity market the recent sell-off #trading https://t.co/1f7ELoJ9gq
NZD/USD Sold on the Rally

NZD/USD Sold on the Rally

Jamie Saettele, CMT, Sr. Technical Strategist

4Hour

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Sold on the Rally

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The 161.8% expansion of the 8/19-8/30 decline at .8436 served as resistance last week.

-A doji (one bar pattern in which close=open) unfolded today on a larger than average (5 and 10 day ATRs) range on Thursday and an inside day unfolded on Friday. The combination composes a turn warning.

-The decline from .8435 is unfolding in an impulsive manner (5 waves) and structural resistance held on Thursday at .8300. Price has also completely retraced the ‘no taper’ advance.

Trading Strategy: Triggered short at .8290, stop .8395, target .8080.

LEVELS: .8162 .8205 .8235 | .8300 .8350 .8376

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

DISCLOSURES