| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- Woodies Pivot(Major)

FxWirePro: USD/ZAR edges higher but bearish outlook persists

FxWirePro: GBP/USD dips lower on negative UK retail sales data

USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

FxWirePro: GBP/AUD moves lower on weak UK data

FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains

FxWirePro- Major European Indices

FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains

FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike

FxWirePro:EUR/AUD eases but bullish outlook persists

FxWirePro- Major Crypto levels and bias summary

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

FxWirePro: GBP/NZD retreats slightly but trend is still bullish

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/AUD trends higher, 23.6% fibonacci eyed

Saturday, May 13, 2023 12:55 AM UTC

• EUR/AUD strengthened on Friday as the pair was aided by continued Australian dollary selloff that started on Thursday.

• Australian dollar is weighed down by Yuan weakness and lower commodities prices.

• Technical signals are mixed as RSI is at 51, daily momentum studies 9,11 and 14 DMAs are trending down.

• Immediate resistance is located at 1.6341(Daily high), any close above will push the pair towards 1.6429(23.6 % fib),

• Support is seen at 1.6246 (5DMA ) and break below could take the pair towards 1.6219 (38.2 % fib).

Recommendation: Good to to buy around 1.6320, with stop loss of 1.6200 and target price of 1.6390.

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

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

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 trends higher, 23.6% fibonacci eyed

Editor's Picks

Welcome to EconoTimes