Forex Charts
Global Technical Watch – Quick Charts (Sep 12)
The USD continues to show steady signs of weakening as EUR/USD extended its rally beyond the 200-day average. The next major objective is near 1.3000. With European equities a few percent away from their 2012 peaks, this is likely catalysing further EUR short covering.
USDJPY at big support level ahead of key event risks
The USD is at important support levels in EURUSD and USDJPY ahead of the next two days of key EU and FOMC event risks. Stand by for an “either/or” test of these levels in the coming days.
AUDUSD not co-operating. What now?
AUDUSD could afford some consolidation after the recent run to below 1.0200, but the huge consolidation is giving bears fits. Let’s have a look at the next technical resistance levels.
FX Technical Volume Strategy: Cable divergence points to a top
– Event risk later in the week is keeping trading subdued for the time being. – GBP/USD – OBV divergence suggests a top is forming and risks into next week are to the downside.
AUDJPY beating a hasty retreat
The Aussie continues to suffer a meltdown as fundamentals are catching up with it. AUDJPY may have another ways to go before it finds support.
Global Technical Watch – Quick Charts (Sep 5)
The US dollar is catching a near term bid and for this to turn broad based, we prefer to see the US dollar index above one month trendline resistance and the Asia dollar index below 115.00. Until then, the bounce is likely corrective.
Global Technical Watch – Quick Charts (Aug 30)
The turn lower in the gold/silver ratio is potentially telling of investor expectations. Such a trend was seen more sustainably in 2010 and 2008 when asset purchases were announced.
GBPUSD – avoiding a sell-off for how long?
GBPUSD survived a test of critical support yesterday, but may not be so lucky next time around. As volatility is likely to heat up in coming weeks.
Global Technical Watch – Quick Charts (Aug 29)
The lower break in the Shanghai Composite last week is having a bearish ripple effect across Asian currencies. On the TRENDS Heatmap, underperformance of EM Asian and the AUD, NZD are standouts.
AUDUSD in no-man’s land, but not for long.
AUDUSD is in no man’s land between 1.0450 and 1.0500. It won’t take much of a move from here to either confirm or deny both the bearish and bullish arguments.
AUDUSD set for test lower?
A critical area for AUDUSD today as the 1.0500 support level may be challenged. Momentum indicators are suggesting potential weakness as well.
Strong AUD – when is enough simply enough?
The Aussie weakened rather sharply today without much in the way of catalysts, a move that has me sitting up and taking notice. But we’ll need to sell a generalized reduction in risk appetite to see a more durable sell-off.