Forex Charts
EURUSD – failed attempt at 1.3548 could signal completed flag
The bear flag rally continues from the 1.33 lows and last night the break above 1.3548 resistance failed. Still a lower low is needed to
FX Daily
Market movers today * In the data calendar focus will mainly be on a number of US data for October.
FX Daily
Market movers today * Financial markets will again be looking for clues about timing of tapering and possible strengthening when Fed chairman Ben Bernanke speaks late tonight.
USDJPY – 99.80 critical support as prices target 101/101.75
We are still awaiting a break above 100.61 to register the first significant higher high since last May. Based on the recent triangle breakout and
FX Daily
Market movers today * Today there might be focus on the political situation in Italy after Silvio Berlusconi’s Freedom Party officially split during the weekend.
FX Daily
Market movers today * The final euro inflation figure will be interesting after the flash estimate dropped to 0.7% and the ECB cut the refi rate.
USDJPY – new support zone is 99.80/56; breakout underway
A Triangle breakout is taking place bolstering the call for a thrust higher to 104/106 in the coming months. The next pivot resistance is 100.61 and believe it or
FX Daily
Market movers today * Focus on the euro area with the release of preliminary Q3 GDP figures.
NZDUSD – finding support at major .8163 polarity level
Kiwi is holding above the .8163 level, a key polarity level over the last 12 months. A bounce from this level is expected and further backed by yesterday’s hold of the previous 4th wave low at .8194.
FX Daily
Market movers today * The Bank of England will release its November inflation report and we expect revisions to higher GDP growth and lower inflation.
USDJPY – July/Sep trendline under pressure at 99.80
A complex wave-2 correction (we outlined this on Friday) is complete and $JPY has resumed its uptrend. The trendline connecting the July and Sept highs surfaces at 99.80 today and
EURUSD – bearish consolidation below old support
The damage is done in the Euro now that prices have broken both the July up channel and key polarity zone at 1.3462.