| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

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

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

FxWirePro- Major Crypto levels and bias summary

EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185

CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro- Major Pair levels and bias summary

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

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

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

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

FxWirePro- Woodies Pivot(Major)

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

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major Pair levels and bias summary

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

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

FxWirePro- Woodies Pivot(Major)

©Econometrics LLC . All Rights Reserved.

FxWirePro:EUR/NZD drops below 1.7700 level, heads deeper into bear territory

Friday, October 6, 2023 6:46 PM UTC

• EUR/NZD dipped on Friady after robust U.S. nonfarm payrolls data reinforced investors expectations the Fed will hold rates higher for longer.

• Data showed U.S. nonfarm payrolls increased by 336,000 jobs last month.

• A fresh bearish signal emerged today as EUR/NZD down trend extended, break of 23.6%fib supports will bring 1.7550 level in focus.

•Immediate resistance is located at 1.7771(11DMA), any close above will push the pair towards 1.7754(38.2%fib).

•Immediate support is seen at 1.7640(23.6%fib) and break below could take the pair towards 1.7549(Sep 29th low).

Recommendation: Good to sell around 1.7630 with stop loss of 1.7760 and target price of 1.7585

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

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland

Ukraine Signals Support for U.S.-Led Three-Sided Talks With Russia to Boost Peace Efforts

Lula Warns Against Military Action in Venezuela as U.S. Pressure Mounts

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

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/NZD drops below 1.7700 level, heads deeper into bear territory

Editor's Picks

Welcome to EconoTimes