| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92

FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900

FxWirePro: EUR/NZD downside pressure builds, key support level in focus

FxWirePro- Major Crypto levels and bias summary

FxWirePro: AUD/USD firms on hawkish RBA meeting minutes

FxWirePro: USD/CAD slips as oil rally boosts loonie

FxWirePro: GBP/USD advances on steady UK GDP growth

0.7870 Break Looms – Next Stop 0.7800 for USDCHF?

FxWirePro: USD/JPY extends fall as yen rises on intervention fears

211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish

FxWirePro: USD/ZAR down trend loses steam, remains on bearish path

Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?

FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data

FxWirePro- Major Pair levels and bias summary

FxWirePro-Major European Indices

FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook

FxWirePro- Major Pair levels and bias summary

©Econometrics LLC . All Rights Reserved.

FxWirePro:EUR/AUD bulls lose traction, cannot add to overnight gains

Thursday, May 13, 2021 4:17 PM UTC

• EUR/AUD initially gained on Thursday but gave up some ground as investors booked profits from recent gains.

•After four-days gain, pair has retreated to 1.5628 EUR/AUD may need a break above 23.6% fib to clear assault on 1.5700.

• Technical signals are bullish as RSI is at 59, daily momentum studies 5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.5641 (Higher BB), any close above will push the pair towards 1.5678 (23.6 % fib).

• Strong support is seen at 1.5597 (38.2%fib ) and break below could take the pair towards 1.5542 (5DMA).

Recommendation: Good to buy around 1.5600, with stop loss of 1.5520 and target price of 1.5680

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

ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding

RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility

Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook

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/AUD bulls lose traction, cannot add to overnight gains

Editor's Picks

Welcome to EconoTimes