GMT NewYork London Moscow Tokyo Sydney

Credit Suisse Technical Analysis – May 27

If you wish to receive Credit Suisse technical analysis pdf reports (and other valuable research) on a regular basis, subscribe now or get a free 5-day trial.

 

Credit Suisse Technical Analysis

Credit Suisse FX Daily

Today’s highlights:

■ GBPUSD’s spotlight stays on 1.4766/71 – the trendline from the 2008 low, the May 2016 high and 200-day average.
■ EURGBP’s near-term strength ideally caps below .7704/11.
■ EURUSD ideally draws fresh selling on the approach of price resistance at 1.1244.
■ USDCHF’s broader risk can remain topside whilst holding above key support at .9841/.9789.
■ USDJPY remains capped beneath key price resistance at 110.60/67.
■ EURJPY below 122.26/17 can see scope for 121.94 initially, ahead of a test of key trendline and price support at 121.49/33.
■ AUDUSD’s bullish “outside” day turns the focus onto .7254/61 where fresh selling is expected to show.
■ NZDUSD’s immediate risk can stay lower whilst capped beneath .6808/25.
■ USDCAD is holding above support from the 38.2% retracement at 1.2911.

Today’s trades/positions:

■ EURUSD: Short at 1.1199, stop above 1.1256 for 1.1100.
■ USDJPY: Short at 109.90, stop above 110.70 for 105.90.
■ GBPUSD: Long at 1.4480, stop below 1.4403 for 1.4745. Go long on break of 1.4780.
■ USDCHF: Long, stop below .9746 for .9992. Add to long on pullback to .9840.
■ AUDUSD: Short at .7330, stop above .7265. Cover shorts at .7120.
■ NZDUSD: Short at .6820, stop above .6860 for .6670.
■ USDCAD: Holding a long. Place the stop below 1.2740 for 1.3310.
■ EURJPY: Short at 123.75, stop above 124.70 for 121.60.
■ EURGBP: Short at .7750, stop above .7795 for .7530.

You can get Credit Suisse technical analysis reports as well as many other valuable research from major investment banks via our subscription.

Comments are closed.