Forex Charts
Tecnical Alert: EUR/USD looks heavy after topside failure yesterday
EUR/USD looks heavy after topside failure yesterday and it would be surprising NOT to see the pair trading below 1.2983 today… USDindex also failed below and added a bullish print. Over 80.50 would be additionally dollar bullish…
LTRO apparently means buy the rumor, sell the fact!
EURUSD taken all the way to “perfect” resistance ahead of the 3-year LTRO result, which saw nearly half a trillion Euros of take-up. And yet EURUSD faded sharply as EU sovereign spreads widened rather than tightening. Whoops…
Technical Alert: AUD & GBP winners on decreased risk aversion
AUD & GBP are winners on decreased risk aversion, EUR lags behind… EURUSD could extend correctional gains towards 1.3213\25 & USDindex could recheck 79.10 while GBPUSD may advance into the high-1.57s and AUDUSD could score 1.0275 before falling back…
Technical Alert: waiting for more EUR pressure, SEK failure, $/TRY higher
Riksbank and the SEK in focus today. The false downside break in EURSEK and NOKSEK are clear warning signs that the move has been overextended. EURUSD still digesting the previous slump, immediate bearish stance advocated holding below 1.3050, AUDUSD bearish engulfing candle yesterday suggest upside reaction ending, EURGBP triangle still waiting for the downside break,
Technical Alert – More pressure on the EUR , NOK/SEK, oil
After a couple of days digesting the €uro drop dark clouds are again gathering and renewed pressure seen in most euro pairs.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: “Inside” pause after aggressive erosion of foundations at the 1.3146 cycle low and our 61.8% retrace target, 1.3050. This leaves the focus on 1.2859, the 2011 low into year-end; above 1.3212/37 needed for a better tone
Technical Alert: Minor congestions ending(?), NOK/SEK to be watched
Basically continued congestion seen overnight with many pairs in what we see as the latter stages of this minor correction. EURUSD the ideal pattern calls for a corrective top now to be in place, hence downside pressure to increase, EUR index continued to print fresh lows yesterday pointing to the underlying weakness of the common […]
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Extension through our 61.8% retrace target, 1.3050 aims at 1.2859, the 2011 low into year-end. Overshoot risks into January are to the important 1.2588/33 area USDCHF: Through a .9508 chart peak to reinforce the surge above the .9333 peak and key .9400 retrace target. We now aim for .9777/86 into year-end, to […]
Technical Alert – commodity universe in decline and $ in fashion
The demand for dollars continued also yesterday and execept for a short pause (currently in the midst of it) we see more of the same. Commodities (CRB basically free falling after Monday’s break of key support and Oil breaking its neckline).
Technical Analysis: Technical Alert: The euro got trashed again
Though not so good for those still wearing euros it is… EURUSD has been allowed below the 1.3145 ref and focus turns to the even more important 1.2860 level… EURJPY holds the Sep low of 100.70 fully in sight and AUDUSD is likely to fall further – then with a possible 0.9770 objective in mind…
Technical Alert: Europhobia (and some scandie & CEE weakness)
There was a good post-summit euro-bashing going through yesterday (only scandies & CEEs did worse)… EURUSD is thought to take out the 1.3145 ref today (despite rumored options defense ahead of it) and bring an upside break above 79.84 in the dollar index…
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Hesitant, but still defensive after bearish “outside” Thursday leaves base exposed to damage through 1.3258. Above 1.3460 needed to resurrect recovery GBPUSD: Holding above 1.5561 and more notably ahead of 1.5526 support, but push above 1.5781 hurdle needed for a better tone to challenge 1.5869/89 pivot area this week