Forex Charts
Technical Alert – EUR/SEK & EUR/NOK – upside pressure mounting
Small relief moves seen this morning after the common currency overnight failed to attract follow throug sellers breaking to a fresh low, 1.3421. The relief is however expected to be temporary only…
Technical Analysis: Technical Alert: The euro is still the underdog while the dollar shines
The euro is still under heavy pressure and EURUSD & EURJPY (& AUDJPY) has been allowed to slip below supports (1.3484, 104.74 & ~78.00) which now could act as resistance levels.
Global FX Technical Strategist -15 Nov 2011
EUR/USD: Worrying return around ST 61.8% (1.3567) which is ST/MT pivot EUR/JPY: Worrying move back slightly below critical 104.75/91 support area with doji reversal cancelled
JPM FX Techs: Sydney/Asia Open
At a glance: The USD turned higher after holding a number of key support levels as risk markets shifted gears following the positive tone from the last few days. Again, the very short term setup suggests that prices are likely to be two-sided as the key initial parameters are now well-defined.
Technical Analysis: Technical Alert: Italian yields still in focus & NOK looks exposed
Focus has shifted from Greece to Italy and Italian bond yields are still soaring…. The effect on the euro is so far absent, but the ongoing EURUSD consolidation still looks like part of a broader push lower.
Technical Analysis: Technical Alert: Skittish markets make predictions tricky
It looks like alredy skittish markets will remain edgy while waiting for Greek confidence vote and US jobs data… The move higher in EURUSD looks like a bearish flag, but below 1.3656 is needed to confirm… GBPUSD not as bearish anymore as yesterday thought.
Technical Analysis: Technical Alert – continued AUD selling
Dollar continues to be in favor. EUR/USD about to break down from its minor congestion range, AUD/USD has already done so and EURJPY facing a test of its B-wave low
Trade Recommendation: Sell GBP/USD for a decline to 1.5100
The latest recovery is seen as an intermediate one only within a broader downtrend, expected to be resumed shortly GBP/USD daily chart:
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Aggressive plunge through numerous chart support leaves indecisive tone for November. Risk today for mini-base above 1.3765 towards 1.3871 GBPUSD: Trend support breached, but chart support 1.5891 holds. Whilst intact, the risk is higher, through the 1.6167 peak up to our November 1.6330 target
Daily FX Technical Strategy – Material chart damage
Renewed widening of yield spreads within the eurozone starkly highlights the contagion problem that is now taking hold. In turn, European equity markets reversed their recent uptrends, in many cases gapping lower in the process, suggesting extreme weakness is the likely outcome.
Technical Analysis – FX Daily Majors
Today’s highlights: USDJPY: Intervention rally stalls at key 2007-11 bear trend line, 79.77, and 200-day MA, 79.88. Only below 77.68 eases the recovery effort for a move back to 76.34, maybe 75.56 EURUSD: Bear reversal with break of trend/pivot support to prod at 1.3800 chart support. A more forceful push through here sets up a […]
Daily FX Technical Strategy – Here we go again
Halloween proved to be a nightmare for the eurozone as sovereign yield spreads began widening once more, equity markets fell sharply and so too did the euro.