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FxWirePro: FTSE100 faces strong support around 7160, break below targets 7000

FxWirePro: Flurry of bearish patterns hamper USD/CHF minor uptrend, inverted head and shoulder pattern stimulates consolidation phase

FxWirePro:EURUSD consolidates in narrow range, markets eye German IFO and Draghi speech

FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

FxWirePro: USDCAD trades lower on better than estimate Canadian retail sales, good to sell on rallies

FxWirePro: EUR/CAD minor trend bounces on hammer, major uptrend spikes through ascending channel – Accumulate on corrections

FxWirePro: NZD/CHF holds 55-EMA support at 0.6766, break below to see weakness till 0.6689 (200-DMA)

FxWirePro: Silver rejects key support at $15.76 mark, stay bullish

FxWirePro: Gold forms Evening star candle stick pattern, good to sell on rallies

FxWirePro: EUR/NZD finds strong resistance at 1.6770, good to go long on break above

GBP/JPY forms double top and struggles to close above 200 day MA,dip till 143 likely

FxWirePro: AUD/CHF recovery struggles at 55-EMA, bias bearish

FxWirePro: AUD/CAD rejected at 55-EMA, tests 61.8% Fib, bias lower

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

FxWirePro: Aussie rises in early Asia after RBA governor Lowe’s speech

FxWirePro:DXY downside capped by 21 day MA, any break below targets 95.60

FxWirePro: DAX30 trades flat, markets eye US-China trade talks

FxWirePro: NZD/CAD Near-Term Outlook

Thursday, January 17, 2019 12:37 PM UTC
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NZD/CAD chart on Trading View used for analysis 

  • NZD/CAD breaches cloud support and extends weakness for the 3rd straight session.
     
  • Antipodeans hit by the latest report that the US-China trade talks could be delayed, in light of the US shutdown.
     
  • Canadian Finance Minister Bill Morneau was on the wires late-Wednesday, said that Brexit not a problem for Canada.
     
  • Technical indicators are bearishly aligned in the near-term. Scope for further weakness.
     
  • Price action has broken below 55-EMA and is on track to test 200-DMA at 0.8883.
     
  • On the weekly charts the pair is edging lower from upper Bollinger Band. Is holding support at 0.8930 (55W EMA).
     
  • Break below 200-DMA to see further weakness. While on the flipside, break above 20-DMA to see minor upside.

Support levels - 0.8922 (110-EMA), 0.8883 (200-DMA), 0.8789 (cloud base)

Resistance levels - 0.8989 (55-EMA), 0.9020 (5-DMA), 0.9035 (23.6% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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ARAnnual Primary Balance*

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