Forex Charts
Weekly Macro Chart Pack
• AUDUSD is threatening a base. Even if completed though, strength will be seen as corrective.
EURGBP eyeing 0.8600 once again…
EURGBP has had quite an affair with the 0.8600 level over the last couple of months, but the latest rally may finally lead to the pair pulling through that level and
FX Quick Charts: Flight from the INR
We highlight longer-term upside levels for USD/INR and points of vulnerability in the NIFTY equity index.
NZDUSD and AUDUSD up to typical late Friday mischief
The liquidity in the Antipodeans gets rather iffy late on Fridays, as Australia and New Zealand are well into their weekend revelry.
EURUSD – H&S top…fails
The head & shoulders top we tracked failed to resolve lower as expected and now the rising wedge has led to a move to key resistance via the double-bottom neckline.
USDJPY dumps through 100 on ugly US data
The squeeze on the JPY shorts is on after a very ugly US ISM Manufacturing report (49.0 vs. 51.0 expected and 50.7 last month,
EURJPY – key pivot area in play
EURJPY has been back and forth across the key 131.15 pivot area as we look for whether the break here is for real. If not, today’s activity still softens the uptrend.
AUDUSD – targeting l/t support at 1.0100 and beyond to 1.0065/23
Based on the short-term targets and longer-term support levels, further downside is expected to carry Aussie towards ~1.0100 and ~1.0050 before stabilizing.
EURUSD – below 1.2983 confirms a bearish trend change
The rally out of the downward sloping bull flag was unimpressive. Still the range since mid-April is inconclusive because there is no confirmed trend change.
GBPUSD – channel resistance, flag target, fibs all suggest 1.5580
The failed rally through 1.5269 kept us bearish BUT Sterling held more important channel support at 1.5200 and the smaller bull flag that formed within the uptrend has led to a continuation higher.
USDJPY – below 98.98/59 confirms large correction still unfolding
The long-term charts show a band of old support (now resistance) between 101.25-101-69. Further, a cluster of Fibonacci retracements has surfaced between 99.74-102.21.
EURUSD – bull flag suggests a rally to test old pivot at 1.3138
Euro broke below what we thought was a critical support shelf at 1.3022/02 only to create another trap. The trendline lower from the double top high at 1.32 has been bettered and