Forex Charts
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Topping bias intact and reinforced by indecisive breach of trend support, but through 1.3653 needed to confirm a more defensive tone for 1.3565 USD/CHF: Bearish trend line reversal and chart support erosion points to .78968/748 into next week
Daily FX Technical Strategy – Safe haven for the weekend?
Event risk at the weekend is dominating FX trading but the uncertainty is keeping many of the major markets range bound. In the background the outlook for risk generally is slowly deteriorating and as it does demand for the CHF appears to be picking up once again.
JPM FX Techs: Sydney/Asia Open
At a glance: Another choppy session as the market maintains the two-sided bias. While the action continues to be driven by headlines, the key levels remain well-defined as we approach the weekend events.
HSBC: Currencies: Technical Analysis: Aussie facing resistance
AUD-USD cannot rise above resistance and the probabilities favour a down move. Gold is starting its next leg lower, Gilts and Bunds should fall and the S&P 500 is exhibiting near term uptrend exhaustion.
FX Techs: London Open
At a glance: Recovery seen as unsustainable Better than expected industrial production figures in European periphery-countries and hopes of additional support via this weekends EU summit have provided a positive market sentiment in the ongoing recovery.
Technical Analysis: Technical Alert: Another downside EUR/USD attempt
The euro looks offered again… EURUSD focus on the recent 1.3653 low and in EURJPY the high 104s is of great interest… EURCHF broke a triangle earlier and is targeting 1.2535…
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Still a cautious topping risk, despite rebound ahead of trend support, at 1.3675 today. But rally back through 1.3938 needed to re-energize October upside GBP/USD: Probe of 1.5667 eases bull risk for a mini-top. Despite rebound, threat this week is back down to the 1.5543/25 chart support area
Technical Analysis: Technical Alert – Whipsaw markets
After Monday’s reversal patterns the market yesterday begun correcting them (and in some cases nullifying them). For today especially some $-pairs coming close to important levels (returning bids or breaking Monday’s low point).
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Near bearish “outside” pattern back from key 1.3938 resistance level hints at mini-top. Only below 1.3625 confirms a short-term reversal, confirmed below 1.3565
Global Technical Watch – Quick Charts
A sharp positioning squeeze has driven EUR/USD back to the previous range lows at 1.3840, and AUD/USD is also approaching a confluence of resistance at its 200-day average and three-month channel high.
Technical Analysis: Technical Alert – Corrections ending?
Interesting times ahead. Most asset classes now into their potential target zones hence the risk of at least a temporary setback must be regarded very high.
Technical Analysis: Technical Alert: Correctional forces still simmering
If the recent counter-trend moves are corrections – as we think they are – they are running late now with notable overhead resistance in both SP500 & EuroStoxx50 to consider… EURUSD could still score – over 1.3699 would target 1.3765, but another upside attempt is NOT a done deal…