FOREX Technical Analysis: NZD/USD Retraces Entire Opening Year Advance

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8584+0.0017

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Retraces_Entire_Opening_Year_Advance_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Retraces Entire Opening Year Advance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD has been a trader’s dream in recent weeks, swinging violently in a greater than 300 pip range. Viewed in light of the sharp decline from the December high, yesterday’s sharp advance may be nothing more than the completion of an emotional 2nd wave.

FOREXTrading Strategy: From yesterday – “Shorting today’s rally offers great reward/risk against 8475.”

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2572-0.0009-0.07%
    USDSGD=X
    1.7399-0.0003-0.02%
    EURSGD=X
    2.1114-0.0024-0.11%
    GBPSGD=X
    81.3290+0.037+0.05%
    SGDJPY=X
    6.1673+0.0046+0.07%
    SGDHKD=X
    2.6008+0.0024+0.09%
    SGDMYR=X
    9,202.2598-53.7666-0.58%
    SGDIDR=X
    4.9782+0.0113+0.23%
    SGDCNY=X
    1.1660+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.60+3.00+0.23%
    GCM14.CMX
    19.57-0.12-0.62%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.29%
    HGK14.CMX
    101.60-0.34-0.33%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.121-0.002-1.63%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    1.27+0.055+4.53%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.15-0.009-5.66%
    5EL.SI
    0.151-0.009-5.63%
    A03.SI
    0.295-0.015-4.84%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI