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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
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Euro Technical Forecast: EUR/USD, EUR/AUD, EUR/JPY Charts to Watch
2021-05-12 02:00:00
US Dollar Forecast: DXY Index Losing Support; USD/JPY Coils into Triangle
2021-05-11 19:43:00
Oil - US Crude
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High
of clients are net long.
of clients are net short.
Long Short

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Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook
2021-05-11 03:00:00
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Wall Street
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, S&P 500 Outlook: Rising Long Bets, Bearish Technical Signs Worrying
2021-05-12 03:00:00
Dow Jones Retreats as Inflation Heats Up, Hang Seng and ASX 200 in Sour Mood
2021-05-12 01:00:00
Gold
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Outlook Turns to Fedspeak After Consumer Inflation Expectations Jitter
2021-05-11 06:00:00
Gold Forecast: Gold Volatility Surging as Real Yields Tumble
2021-05-10 22:00:00
GBP/USD
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of clients are net long.
of clients are net short.
Long Short

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Dollar Prepared for Nasdaq Volatility if Inflation Data Can Stir Interest
2021-05-12 03:00:00
US Dollar Forecast: DXY Index Losing Support; USD/JPY Coils into Triangle
2021-05-11 19:43:00
USD/JPY
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of clients are net long.
of clients are net short.
Long Short

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US Dollar Price Outlook: Inflation Data to Fuel USD Volatility
2021-05-11 23:00:00
US Dollar Forecast: DXY Index Losing Support; USD/JPY Coils into Triangle
2021-05-11 19:43:00
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  • Perhaps I'm a bit shell-shocked by the disappointing response from data over the past few weeks (Fed, GDP, NFPs) such that I'm dubious of a 'risk' response to CPI. However, $VIX closed at a two month high this past session https://t.co/jXoajxNjX9
  • The volatility of the first 48 hours of this trading week which has rocked the Nasdaq 100 and other risk measures has drawn blame around inflation. Well, the CPI data is up and the Dollar is ready: https://www.dailyfx.com/forex/video/daily_news_report/2021/05/12/Dollar-Prepared-for-Nasdaq-Volatility-if-Inflation-Data-Can-Stir-Interest.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/xSR7ThfMAM
  • (Sentiment Weekly) Dow Jones, S&P 500 Outlook: Rising Long Bets, Bearish Technical Signs Worrying Recording of today's webinar also in the article below #DowJones #SP500 https://www.dailyfx.com/forex/technical/article/special_report/2021/05/12/Dow-Jones-SP-500-Outlook-Rising-Long-Bets-Bearish-Technical-Signs-Worrying.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/3CEmvEwmnv
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/lLNE9eI4NT
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: -0.38% Silver: -0.81% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/D02uNrtXBx
  • RT @tracyalloway: Yields on the junkiest of junk bonds (CCC-rated) hit another all-time low, coming in at just 5.66%. https://t.co/qGi3ETjG…
  • RT @FxWestwater: Euro Technical Forecast: $EURUSD, $EURAUD, $EURJPY Charts to Watch Link: https://www.dailyfx.com/forex/market_alert/2021/05/12/Euro-Technical-Forecast-EURUSD-EURNZD-EURAUD-Charts-to-Watch.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/fa6WSjjYpM
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.08% 🇪🇺EUR: -0.10% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.31% 🇦🇺AUD: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3C8KTv536
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.21%, while traders in GBP/USD are at opposite extremes with 68.58%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/shh3jAwo7Z
  • 🇦🇺 Building Permits MoM Final (MAR) Actual: 17.4% Expected: 17.4% Previous: 20.1% https://www.dailyfx.com/economic-calendar#2021-05-12
NZD/USD Classical Technical Report 01.04

NZD/USD Classical Technical Report 01.04

Joel Kruger, Technical Strategist
Daily_Classical_nzdusd_body_nzd2.png, NZD/USD Classical Technical Report 01.04

NZD/USD: Any rallies are classified as corrective and we continue to see this market in the process of carving out a major longer-term top. From here, we look for the formation of the next major lower top below 0.8000 to be confirmed on a break back of 0.7370 over the coming weeks. Below 0.7370 should then accelerate towards next key support at 0.7110 further down. Ultimately, only a weekly close back above 0.8000 would negate.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

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