Forex Charts
EURJPY – nearing target (129.48/128.91) to complete bull triangle
The RSI range in EURJPY is typical of triangle consolidations. In this case the coil is following a sharp uptrend and is expected to break to the topside in the coming week(s).
FX Daily
Market movers today • The situation in Syria as well as the crisis in the emerging markets continue to be the main focus.
EURUSD – above 1.3400 confirms bullish consolidation
Euro has now spent a week above the recently broken long-term downtrends. The consolidation above the breakout levels is following a bullish uptrend from 1.28.
USDJPY – bear flag leads to final wave-E decline targeting ~96.40
The idealized end to this 3+ month triangle would be a decline to the uptrend line at ~96.40. If prices break the wave-C low at 95.81 the higher lows and bullish triangle are no longer valid.
AUDUSD – bear pennant suggests one more rally to .9110/.9170
The sideways action from the July low is following the script of a bear pennant with lower highs/higher lows.
FX Daily
Market movers today • Focus continues to be on the emerging market sell-off and the possibility of US military intervention in Syria.
FX Daily
Market movers today • German Ifo (10:00 CET) is expected to show a further increase from 106.2 to 106.7 (consensus 106.9), mirroring the improvement we saw in German Flash PMI.
FX Daily
Market movers today • Focus this week will continue to be on US bond markets and the emerging markets (EM) turmoil.
FX Daily
Market movers today • Main focus will be the manufacturing and service PMIs for Germany, France and the euro area as a whole.
FX Daily
Market movers today • The main focus will be the release of the Fed minutes from the July FOMC-meeting.
FX Daily
Market movers today • Again today we have a very light calendar with only a few minor releases.