Forex Charts
Technical Analysis: Technical Alert – Scandies back to square one
Strong surge in German yield – keep an eye at 2.27%. The key day reversals reported Friday has seen mixed outcomes. Scandies has more or less fully reversed its signals whereas AUD, NZD & CAD ones remains fully valid.
Technical Alert – Reversal patterns printed in SEK, NOK & AUD
Still much of a euro waiting game but some very interesting signals given yesterday. EURSEK, EURNOK, USDNOK, AUDUSD, USDCAD, NZD/USD, USD index (and more) all posted key day reversals yesterday arguing for the congestion/correction to accordingly having ended.
Technical Analysis: Technical Alert – Waiting game
Very little happening overnight and more sideways action expected. EURUSD short term erratic clouded picture, $ index struggling to close above 78.73, EURSEK v v oversold so expect 8.98 support to cushion, USDSEK still resting on the trend line,
Technical Alert: CAD & scandie strength, swissy weakness
EURUSD seems confined to range still, but stay open minded since near-term up,- & downside risks are evely weighted… EURCHF looks near-term bullish so hold recent highs fully in sight (a confirmed triangle breakout could score notable swissy losses)…
Daily FX Technical Strategy – No improvement, marginal deterioration
The technical conditions for a significant AUD/NZD top have been apparent for a while and the rate cut in Australia this morning could be the catalyst that finally sparks a reversal of the recent uptrend; price below 1.3060 is needed to confirm.
Technical Alert: Softer euro & stronger dollar, part II
Little has changed over the past 24hrs… EURUSD, GBPUSD, AUDUSD & EURJPY all trades with a short-term downside bias, with important refs below at 1.3259, 1.5577, 1.0140 & 103.35 – All within reach…
Technical Alert: Softer €uro, stronger $ and lower bond yields
Weaker euro – stronger dollar seems to be the name of the game. EUR/USD ended its upward correction Friday and should continue drifting lower, EURJPY same thing, 103.35 crucial support, EURSEK no visible support of importance until 8.98/9.00, EURNOK 7.7340 kind of a watershed support,
Improvement not resolution
Optimism ahead of the weekend has become something of a pattern recently as the market expects a eurozone response to the debt crisis. As some of the yield spreads in the zone start to narrow, hopes are clearly rising again.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: A quiet inside session Thursday, but the bias remains higher. Above 1.3532 would aim at 1.3615. AUDUSD: The crosshairs remain on the 1.0335/47 barrier. We favour an upside break through here to test the 200-day moving average at 1.0414.
Daily FX Technical Strategy – Not yet a game changer
Concerted intervention yesterday by the major central banks was successful in driving short end yields lower as liquidity problems eased. Risk rebounded sharply but it is too early to assume that this action was a game changer.
Technical Alert: EURSEK scene changed after GDP & USD correction completed?
Most leads indicate that the correction lower in the dollar is over. Above 79.37 in the dollar index and below 1.3273 in EURUSD would fully confirm this… AUDUSD seems to have at large respected overhead resistance and is also southbound again…
Global Technical Watch – Quick Charts (Nov 28)
Both EUR/USD and GBP/USD closed beneath support that has held firm on repeated bearish attempts over the past year, casting a negative signal in stone. AUD/USD and NZD/USD, however, are holding up above similar support areas as focus increasingly shifts to German 10y rates and CDS spreads.