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
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.00% Wall Street: -0.00% Germany 30: -0.09% France 40: -0.09% FTSE 100: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/07Dfr57x2u
  • A rebound off confluence support has USD/CAD eyeing near-term downtrend resistance just higher. Get your $USDCAD market update from @MBForex here:https://t.co/fPTwHd65rl https://t.co/jUzX00FnKe
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/08/04/US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-USD-CAD-USDCAD.html https://t.co/vRuwBes7bH
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: 0.03% Silver: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UeR1femBvZ
  • US Treasury Secretary Yellen: - We have seen significant price increases in recent months - Expects to see elevated inflation rates for some time - Inflation will recede in not too distant future and fall to levels in line with price stability by the end of the year $USD #Gold
  • @RichDvorakFX inverse H&S pattern in the context of the bull flag puts emphasis on bullish breakout potential...need >4430 for bullish confirmation imo
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.38%, while traders in France 40 are at opposite extremes with 78.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/x6BPnBF4lP
  • S&P 500 on the verge of breaking small consolidation pattern. Dow Jones looking for a new record high. Get your market update from @PaulRobinsonFX here:https://t.co/cbYD5oFkpb https://t.co/jjRuAK1fdb
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.00% France 40: 0.00% FTSE 100: -0.00% US 500: -0.29% Wall Street: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PXEHH2xMun
  • AUD/USD extends the advance following the Reserve Bank of Australia (RBA) interest rate decision to mark the first three-day rally since June. Get your market update from @DavidJSong here:https://t.co/ObJHENt4hS https://t.co/xblMeXF02N
NZD/USD Classical Technical Report 01.10

NZD/USD Classical Technical Report 01.10

Joel Kruger, Technical Strategist
Daily_Classical_NZDUSD_body_nzd2.png, NZD/USD Classical Technical Report 01.10

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.

DISCLOSURES