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
Mixed
GBP/USD
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
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
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • RT @YuanTalks: JUST IN: #CHINA'S #EXPORTS IN YUAN TERMS -0.7% Y/Y IN SEPT, VS PREV +2.6%, EXPECTED +1.5%. IMPORTS -6.2% Y/Y, PREV -2.6%, E…
  • LIVE NOW: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • :/ https://t.co/LrCKPx3Xvf
  • China September: Imports y/y (in Yuan) Actual: -6.2%, Est: -2.3% Exports y/y (in Yuan) Actual: -0.7%, Est: 1.5%
  • What's a CLO you might ask? See my easy-to-understand guide here - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/03/22/Currencies-May-See-Wild-Swings-if-Slow-Growth-Breaks-CLO-Market.html https://t.co/pb7jJZApbQ
  • RT @YuanTalks: SHANGHAI COMPOSITE BACK ABOVE 3000 https://t.co/I1EhDZBgj4
  • Markets believe that the European Central Bank will ease policy this year. This could be very bad news for the Swiss National Bank, but it’s not clear that it will resort to old remedies. Get your market update from @DavidCottleFX here: https://t.co/xoTzHXSH4V
  • LIVE IN 30 MIN: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/2:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/APTSvV607X
  • Over the past 30 days, #GBP has been the best performing major vs. USD with +0.86% total-returns while #SEK has been the worst with -2.12%
NZD/USD Near Term Picture is Jumbled; Sideways Market

NZD/USD Near Term Picture is Jumbled; Sideways Market

2013-12-12 19:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

4Hour

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Near Term Picture is Jumbled; Sideways Market

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-NZDUSD completed a short term inverse head and shoulders earlier this week but the breakout failed. Dips continue to find support at near term trendline support (I don’t draw trendlines off of spikes…the NFP spike is highlighted in yellow).

-I can best describe this market as a short term uptrend within a longer term sideways trend.

Trading Strategy: Triggered long at .8240, stop .8190, target .8440

LEVELS: .8132 .8200 .8218 | .8267 .8329 .8367

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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

DISCLOSURES

News & Analysis at your fingertips.