| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

FxWirePro: GBP/AUD moves lower on weak UK data

BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K

EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains

FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path

FxWirePro- Major Pair levels and bias summary

FxWirePro- Major Crypto levels and bias summary

GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212

FxWirePro: GBP/USD dips lower on negative UK retail sales data

FxWirePro- Woodies Pivot(Major)

FxWirePro: USD/ZAR edges higher but bearish outlook persists

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/NZD capped by the 38.2% fibonacci, good to sell on rallies

Wednesday, April 6, 2022 11:03 PM UTC

• EUR/NZD recovered some ground on Wednesday but gains were limited as the prospect of new Western sanctions on Russia and the upcoming French presidential election capped gains.

• Pair traded in 1.5642/1.5783 range and was last trading at 1.5746 into the US afternoon.

• Euro is likely to come under pressure against commodity currencies as focus will turn back on Russia-Ukraine conflict.

• Technical signals are bearish as RSI is at 32, daily momentum studies 5,9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.5775 ( 38.2%fib), any close above will push the pair towards 1.5845 (14DMA).

• Strong support is seen at 1.5623 (Lower BB ) and break below could take the pair towards 1.5523(23.6%fib).

Recommendation: Good to buy around 1.5750, with stop loss of 1.5890 and target price of 1.5670.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

FxWirePro- Major Crypto Updates

FxWirePro- Token Unlock Tomorrow (

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: EUR/NZD capped by the 38.2% fibonacci, good to sell on rallies

Editor's Picks

Welcome to EconoTimes