International Business Times

NZD/USD Technical Commentaries

FOREX Analysis: Australian Speculative Traders at Record Long Position

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying.

By Jamie Saettele | Dec 11, 2012 | DailyFX

Rare Trading Setups Suggest Major Currency Moves in October

The AUDJPY is displaying the same pattern, potential head and shoulders tops, at 4 degrees of trend. Is the proliferation of these patterns a harbinger of things to come with respect to risk trends and volatility? Combined with a rare NZDUSD setup, October is shaping up to be an exciting month.

By Jamie Saettele | Oct 01, 2012 | DailyFX

Forex - NZD/ USD Technical Analysis (New Zealand Dollar / US Dollar)

Last lows of the pair NZD/USD during August allow us to draw a bullish channel in h4 (purple lines). The price is currently close of the lower band and so the bullish potential is high.

Aug 23, 2012 | Forextribe

Holiday Lull Sets in but Crude Nears Well-Defined Resistance

The Independence Day lull seems to have set in and may very well persist throughout the week. Crude oil is of interest as it nears potential resistance from a recent pivot and parallel channel.

By Jamie Saettele | Jul 04, 2012 | DailyFX

Secondary Tops in Place for AUDUSD and NZDUSD

Keep in mind what was written Friday - "The veracity with which the market fell on Thursday gives credence to the interpretation that the rally from the 6/1 low is complete. To be sure, markets don't move in straight lines and there's sure to be jockeying by both sides next week if for no other reason than to produce doubt amongst participants regarding the larger trend.

By Jamie Saettele | Jun 29, 2012 | DailyFX

Pressing Euro and Commodity FX Weakness Early in Week

Early week focus is on the 6/8 low at 12435 and the 100% extension of the 12742-12519 decline at 12359. It's significant that Sunday's opening range was resolved to the downside. Sunday evening is the most probable point of the week for a pivot to form.

By Jamie Saettele | Jun 25, 2012 | DailyFX

EURUSD Drops to 2012 Low but Don’t Get Caught Chasing

This morning's action may compose the 'flush' before a larger correction takes hold. There are no setups to short the USD here with a sensible stop. HUGE levels have given way, most notably the January low at 12623 in the EURUSD. In my experience, the breech of such levels tends to give way to consolidation / corrective action BEFORE the next larger mo.

By Jamie Saettele | May 23, 2012 | DailyFX

NZDUSD Testing Major Neckline

The NZDUSD easily sliced through the trendline that extends off of the 2009 and late 2011 lows but is currently testing the more important head and shoulders neckline that extends off of the March 2011 and November 2011 lows. Like the AUDUSD, near term focus is lower against 7676 towards the November low (and November gap) at 7370 and 7440. Exceeding 7676 would shift focus to 7757.

By Jamie Saettele | May 23, 2012 | DailyFX

Euro Holds Support on Intraday Reversal and NZDUSD Breaks Out

Just some quick looks at short term developments this morning. I remain short USDCAD (stop 9985) and long USDJPY (stop 7960) for larger moves. The biggest technical development is the NZDUSD break to late January levels. A breakout strategy is outlined below.

By Jamie Saettele | May 04, 2012 | DailyFX

Risk Currencies on Verge of Collapse against US Dollar

EURUSD - I wrote Friday that "the end of week rally is probably a last gasp before reality sets in for the EURUSD." Today's action confirms as much. Look lower towards 12900 and channel support. Watch the channel closely as a drop below would be a 'tell' that the decline from 13379 is a 3rd wave rather than a C wave. 13160 is short term resistance.

By Jamie Saettele | Apr 24, 2012 | DailyFX

NZDUSD Pattern is Bearish Pre-CPI

EURUSD - "Rallies since the March low have unfolded in a corrective manner (3 waves). The suggestion is that the larger trend is down. Focus remains on 12900 and price ideally stays under 13212 although 13379 is the key trend defining level."

By Jamie Saettele | Apr 19, 2012 | DailyFX

German Stock Market Pattern Favors Bearish Macro Outlook

DAX - With focus back on Europe, keep an eye on the German DAX. The rally from the September low appears complete in 3 waves. Expect resistance at 6763 (and watch short term Elliott channel resistance).

By Jamie Saettele | Apr 17, 2012 | DailyFX

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