Forex Charts
Technical Analysis: Technical Alert – reaction time
Theme for today seems to be countermoves… EUR/USD gapping higher from a deeply oversolde status makes continued upside reaction likely, USDJPY posted a bullish weekly candle,
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Thanksgiving pause, but an absent bounce and further activity below 1.3382/45 support aims through interim 1.3242 level to the H2 low, 1.3146 into month-end GBPUSD: Straight through minor 1.5543/25 support to prod the final retrace of the October recovery and our November target, 1.5464; month-end risk is to the 1.5272 low.
Technical Alert: Key junction ahead – make or break?
Bascially same theme as yesterday only with the difference that many markets (dollar pairs, EURSEK, EURNOK, CRB, Bonds, equities etc) now eveb closer to their respecive key junction. Short term stretched conditions might trigger a short term setback before breaking.
Daily FX Technical Strategy – Temporary firebreak
The Thanksgiving Day holiday in the US today should act as a firebreak to the recent risk sell-off but there is little to suggest it will prove a watershed.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Mini-base effort negated through 1.3422, with bear extension threat signalled by surrender of 1.3382/45 support. Risk now back to the H2 low, 1.3146, and key retrace support 1.3050 into month-end (to 1.3242 today)
Technical Alert: dollar in demand, the rest..not. Bunds having peaked?
Dollar seems to be increasingly in demand with the Dollar index soon at its previous peak, an important junction confirming that we are leaving the base area and entering a trending phase.
Technical Analysis – FX Daily Majors
Today’s highlights: NZDUSD: Breach of the .7469 October low to a new 7-month trough leaves the risk this week to key intermediate-term retrace foundation at .7433 and the November threat to critical long-term cycle support at .7335
Technical Analysis: Technical Alert: Commodities and their FXers in trouble
Commodities trade lower and their FXers goes down with it and this edge out as a key theme in ann overall backdrop of poor risk appetite… AUDUSD could extend losses into the mid-0.96s and USDCAD could advance further (with a target at 1.0640)…
Global FX Technical Strategist – EUR/USD – Morning Update – 21 Nov 2011
EUR/USD keeps or the time being a MT weak study. Critical 1.4255/1.4306 (MT 61.8%+MT rising channel support) & key 1.4448 (MT 61.8%) are still the MT key resistances to overcome to regain a MT rising bias with before resistances on key 1.3872 (LT falling wedge resistance), 1.3932 (61.8%) & 1.4045 (ST 61.8%).
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Indecisive bottoming effort ahead of 1.3382/45 support with probe through 1.3557/74. Above 1.3644 needed, however, for a firmer base to aim for 1.3815 GBPUSD: Back eyeing the 1.5719/17 support area with threat of bear extension next 1.5632/14, with the November target closer to 1.5464
Technical Alert – commodities, equities lower – dollar stronger
A surprisingly strong bounce in EUR/USD seen Friday but today we’re seems to be back on track for that outlined break lower…(targeting next 1.3145-ish). Commodites as a general looks soft and perhaps Oil will follow this time.
Technical Alert – weaker commodity currencies, USD back on track higher
After more or less a day of congestion/consolidation the market is back on track for a higher dollar. Notable are also the renewed weakness of the commodity currencies, underpinned by a drop in Chinese equities the past days.