Menu

Search

  |   Technicals
Become a contributor

Menu

  |   Technicals

Search

FxWirePro: US Oil extends range trade above 200-DMA, break below to see further weakness

FxWirePro: EUR/GBP holds above 5-DMA, 'Golden Cross' formation keeps scope for upside

FxWirePro: Taiwanese dollar rises in early Asia, downside limited

FxWirePro: Nikkei Daily Outlook

FxWirePro: USD/CAD trades lower on strong Canadian CPI data, good to sell on rallies

FxWirePro: AUD/USD extends upside for 4th straight session, breaks above 21-EMA, bias higher

FxWirePro: AUD/USD struggles at 1H 200 SMA, good to go long on break above

FxWirePro: ETH/USD fails to hold above 300, good to go short on rallies

FxWirePro: EUR/KRW hovers around key resistance at 1,287 mark, consistent close above targets 1,302 mark

FxWirePro: USD/INR slips below 70.00 mark, short term trend reversal likely

FxWirePro: NZD/USD extends grind along 5-DMA, on track to test 21-EMA, stay long

FxWirePro: NZD/USD Trade Idea

FxWirePro: EUR/USD faces strong resistance at 10- day MA, good to buy on dips

FxWirePro: Silver remains well supported below $14.80 mark, consistent close above targets $15.10 marks

Bitcoin volatility intensifies as price oscillates between 5.7k- 11.7k on lingering optimism of SEC’s ETF approval – Stay long hedge in CME futures

FxWirePro: AUD/CHF edges higher from session lows, break above 21-EMA to see further upside

FxWirePro: USD/CAD trades lower on strong Canadian CPI data, good to sell on rallies

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

 

Editor's Picks

Capital gains and why they matter – a tax expert explains

Apple, the $1 trillion company searching for its soul

Anxiety: stop censoring yourself and learn to lose

How the internet is changing the way we grieve

More Republicans in the news? That's not media bias

Scrupulous regulation continues to play vital role in Bitcoin price catalyst
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-08-21 06:14:41
0m
S.AFRICA'S RAND FIRMS MORE THAN 1 PCT TO 14.3750 AS U.S. PRESIDENT TRUMP'S CENTRAL BANK CRITICISM HURT DOLLAR
2018-08-21 06:02:48
0m
GERMAN BUND FUTURES OPEN 13 TICKS LOWER AT 163.6
2018-08-21 06:01:45
0m
SWITZERLAND JUL 2018 TRADE DECREASE TO 2255 CHF VS PREV 2559 CHF (REVISED FROM 2591 CHF)
2018-08-21 06:00:12
0m
TOKYO'S NIKKEI AVERAGE UNOFFICIALLY CLOSES UP 0.09 PCT AT 22,219.73
2018-08-21 06:00:05
0m
AUSTRALIA'S S&P/ASX 200 INDEX UNOFFICALLY CLOSES DOWN 0.93 PCT AT 6,286.20 POINTS
2018-08-21 05:54:40
0m
TAIWAN STOCKS CLOSE UP 0.9 PCT AT 10,792.20 POINTS
2018-08-21 05:54:16
0m
EURO GAINS MORE THAN 0.5 PCT VERSUS DOLLAR
2018-08-21 05:53:56
0m
AUSTRALIA'S PRIME MINISTER MALCOLM TURNBULL SURVIVES OPPOSITION NO CONFIDENCE MOTION IN PARLIAMENT
2018-08-21 04:42:33
0m
AUSTRALIAN STOCKS FALL MORE THAN 1 PCT TO 6,279.500, BIGGEST INTRADAY PCT DROP IN 5 MONTHS
2018-08-21 04:30:04
0m
NETHERLANDS JUN 2018 CONSUMER SPENDING VOLUME INCREASE TO 2.8 % VS PREV 1.9 %
2018-08-21 04:30:03
0m
NETHERLANDS AUG 2018 CONSUMER CONFIDENCE ADJ DECREASE TO 21 DIFF.IDX VS PREV 23 DIFF.IDX
2018-08-21 03:46:29
0m
INDIA'S BSE INDEX HITS RECORD HIGH IN PRE-OPEN TRADE SURPASSING PREVIOUS MILESTONE ON AUG 20 2018
2018-08-21 03:46:19
0m
INDIA'S NSE INDEX HITS RECORD HIGH IN PRE-OPEN TRADE SURPASSING PREVIOUS MILESTONE ON AUG 20 2018
2018-08-21 03:36:48
0m
JAPAN 20-YEAR JGB AUCTION BID-TO-COVER RATIO 4.66
2018-08-21 03:36:38
0m
JAPAN 20-YEAR JGB AUCTION LOWEST PRICE 98.0500, AVERAGE PRICE 98.1000, BIDS ACCEPTED AT LOWEST PRICE 15.0048 PCT
2018-08-21 03:32:23
0m
INDIAN RUPEE RISES FURTHER TO 69.60/DLR FROM 69.69 AT OPEN
2018-08-21 03:32:08
0m
INDIA CENBANK SAYS BANKS' CASH BALANCES 4.75 TRLN RUPEES ON AUG 14
2018-08-21 03:31:57
0m
INDIA CENBANK SAYS BANKS' CASH BALANCES 4.69 TRLN RUPEES ON AUG 13
2018-08-21 03:31:48
0m
INDIA GOVT SURPLUS CASH BALANCE WITH RBI FOR AUCTION WAS NIL AS ON AUG 20 – CENBANK
2018-08-21 03:31:39
0m
INDIA CENBANK SAYS AUG 20 REFINANCE 23.88 BLN RUPEES
Most Popular
1

Bitcoin volatility intensifies as price oscillates between 5.7k- 11.7k on lingering optimism of SEC’s ETF approval – Stay long hedge in CME futures

2

Gold : Trend line break out and bullish divergence

3

FxWirePro: AUD/USD struggles at 1H 200 SMA, good to go long on break above

4

Thailand Q2 GDP cheers market expectations; BoT seen to hike benchmark interest rate in November: ANZ Research

5

FxWirePro: EUR/GBP holds above 5-DMA, 'Golden Cross' formation keeps scope for upside

6

FxWirePro: Silver remains well supported below $14.80 mark, consistent close above targets $15.10 marks

7

FxWirePro: Buy GBPJPY above 141.05

8

UK and Japanese crypto-companies tend to capitalize on unmined space as Bitcoin’s demand/supply equation to spur

9

FxWirePro: EUR/USD faces strong resistance at 10- day MA, good to buy on dips

10

German bunds slip in European trading ahead of 10-year auction, August manufacturing PMI

Economics Monitor

August 21 06:00 UTC Released

CHTrade

Actual

2255 Mln CH

Forecast

Previous

2591 Mln CH

August 21 04:30 UTC Released

NLConsumer Spending Volume

Actual

2.8 %

Forecast

Previous

1.9 %

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 303080303080m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 303080303080m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291260291260m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.