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FxWirePro:USD/CHF downside capped by 38.2% fib, good to sell on rallies

FxWirePro: EUR/JPY extends sideways grind above cloud support, ZEW Economic Sentiment for Germany and eurozone in focus for further direction

FxWirePro:USD/CAD Daily Outlook

FxWirePro: EUR/USD pares gain made yesterday, markets eye German ZEW for further direction

FxWirePro:GBPUSD declines slightly as UK jobs report came below estimate, good to buy on dips

FxWirePro: WTI edges lower from fresh 3-month highs at 56.24, break above 110-EMA to see further upside

FxWirePro: USD/INR touches 71.62 mark, stay bullish

FxWirePro: EUR/GBP upside lacks traction, finds stiff resistance at 0.8780

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.7642

FxWirePro: USD/ZAR consolidates around 14.12 mark, stay bearish only below 14.02 mark

FxWirePro: USD/THB rejects key support at 31.18 mark, short term trend reversal likely

FxWirePro: AUD/JPY struggles at 55-EMA, upside only on break above

FxWirePro: GBP/AUD struggles to extend bullish gap open, recovery capped at 21-EMA

FxWirePro: USD/CHF Trade Idea

FxWirePro: EUR/USD Trade Idea

FxWirePro: AUD/USD eyes 0.71, Aussie under pressure after RBA minutes reiterate uncertain economic outlook

FxWirePro: NZD/USD Trade Idea

FxWirePro: AUD/NZD breaks major trendline support, hits 3-week lows at 1.0849

Friday, February 2, 2018 8:39 AM UTC
0
comments
  • AUD/NZD breaks below major trendline support at 1.0875, bias lower, we prefer to stay short.
     
  • The pair is extending weakness after break below 20-DMA, hits 3-week low at 1.0849.
     
  • Price action today remains extremely range-bound, the pair makes the day's high of 1.0874 and a low of 1.0854.
     
  • Upside finds stiff resistance at 1.0938 (converged 20-DMA and 38.2% Fib). Upside only on break above.
     
  • Technical studies are bearish. Next bear target 50% Fibo at 1.0830 ahead of 61.8% Fib at 1.0721.
     
  • Markets now await New Zealand seasonally adjusted Building Permits for December for further impetus in the pair.

Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10950-20-DMA-good-to-go-short-on-break-below-1124222) has hit TP1.

Recommendation: Book partial profits at lows. Bias lower, hold for further downside.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

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2016 bln ARS

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-1541 %

January 31 00:00 UTC 554231554231m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 566051566051m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 554231554231m

ARAnnual Primary Balance*

Actual

Forecast

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Previous

Bln AR bln ARS

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Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 554231554231m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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