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Technical Analysis: NZDUSD Slides to 0.6750, 14-DMA Toppish at 0.6800

Posted by Chris Advincula on Mar 7, 2016 4:18:15 AM

The 5-minute chart shows a double top formation at 0.6805 suggesting limited gains and a reversal. This particular level 0.6800 is also looking toppish on the 14 day moving average (Green Line on both 5 minute and Daily Chart). The RBNZ mentioned for rates to stay on hold last Jan 28 and further depreciation would be appropriate. Despite the dovish rhetoric, kiwi rebounds to 0.6820 Fri 3/28 from 0.6450 Jan 28.

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Topics: European Session. Technical Analysis, forex trading, RBNZ, NZDUSD

US Market Open - January 29, 2016

Posted by Marge Maresca on Jan 29, 2016 7:57:00 AM

Overnight events
• BOJ stuns markets with surprise move to negative interest rates - RTRS
• USD/JPY initially jumps 2%, later trims gains. 118.38/121.49 range
• Brent gives up 2.5% early gains and back to flat into NY
• Kuroda says move aims to forestall risks from oil, China
• Kuroda: Committed to do whatever it takes to meet price target - RTRS
• BOJ: CB will cut int rates further into negative territory if judged as necessary
• EUR/USD plays 1.0950/1.0883 then recovers to 1.0922
• GBP/USD sold sharply from 1.4413 to 1.4285
• EUR/CHF notches up another new high at 1.1130 fm 1.1078
• EZ Dec Money-M3 Annual Growth 4.7% vs prev 5.1%. 5.2% exp
• EZ Jan Inflation, flash 0.4% y/y vs prev 0.2%. 0.4% exp
• CH Jan KOF indicator 100.3 vs prev 96.8 rvsd. 96.0 exp
• Russian CB unch key interest rate at 11%
• Kremlin spksm: Russia interested in discussing oil mkt with all participants
• Greece may have positive growth in last 2 Qs of 2016

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Topics: forex trading, new york session

Technical Analysis: USD/CHF Forms Double Top at 1.0170

Posted by Chris Advincula on Nov 18, 2015 4:07:45 AM

The 10-minute chart shows a double top resistance formation at 1.0170 for USD/CHF which has already shown easing to 1.0130 on the intraday chart. (8:50 GMT) The 14 DMA showed the first attempt to 1.0155, while the second and unsucessful attempt only rose to 1.0163 which was quickly met with selling interest. If this pullback correction continues, the next 14 DMA support line resides at 1.0115. 

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Topics: technical anlaysis, USDCHF, forex trading, European Session

Forex: Ideas You Can Trade - NZDUSD Bearish Pressure on .7700

Posted by Steven Hatzakis on Dec 17, 2014 3:46:00 AM

NZDUSD:  As Bearish Pressure Builds on .7700 This Key Support Line Is Tested Yet Again

The daily candle chart below shows the medium term price history of the New Zealand Dollar (NZD) versus the United States Dollar (USD). This currency pair is known as NZDUSD, and trading around .7721 around time of publication today.

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Topics: forex trading, technical analysis, New Zealand dollar, NZDUSD

GBP/USD Fell to 1.6822 on Weak UK July Manufacturing Data

Posted by Chris Advincula on Aug 1, 2014 6:36:00 AM

Chart: WorldWideMarkets Alpha Trader

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Topics: GBPUSD, cable, forex trading, European Session, Fundamental Analysis

 

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