Forex Charts
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Small base through 1.3602, but only above 1.3796/3810 sets up a more sustainable rebound. We look for a cap here and erratic digestion below into quarter-end. October threat still to 1.3050
Daily FX Technical Strategy – Markets take a breather
Following the large moves last week, it is perhaps not surprising that so far this week the technical evidence points to a period of consolidation and correction, which would allow momentum and sentiment to normalise from recent extreme readings.
Technical Analysis: Technical Alert: Is “risk-on” off again?
In several markets we think we see tentative signs that the correction (risk-on) is fading already, though this has yet to be confirmed to fully realign price action with underlying “risk-off” trends. EURUSD under 1.3481, GBPUSD below 1.5432 & EURJPY under 102.86 would be the confirmations we are looking for in majors…
Global Technical Watch – Quick Charts (Sep 28)
On the heels of the reversal signals highlighted yesterday, markets continue to stabilise and take a breather. The pattern in the DAX is encouraging, as it is broadly holding up above lows of a Bullish Reversal week from mid-September and is also threatening to complete a basing pattern.
Technical Analysis: Technical Alert: Correctional themes dominate
It seems like the market is consolidating or at best correcting some recent risk-off trades, but it’s way too early to call for more lasting lows/highs in place… EURUSD over 1.3585 could call for levels as high as 1.3800… EURJPY over 103.80\95 would trigger more buy-stops and the correctinal advance in GBPUSD is still on […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Reluctant Friday bounce and “outside” pattern (lower?) today again breaks key 1.3428/10 support, with risk next to 1.3305 and late Q3/early October threat to 1.3050 AUD/USD: Aggressive reversal below critical .9933/27 aims at .9574/37 this week; October overshoot threat to .9218
Technical Analysis: Technical Alert: Euro approaching support levels
Entering the week with a small sour undertone but it is also worth to note that at least some positive signs are emerging with some equitiy markets ending last week on a positive footing (OMX spring bottom) and that some EM’s like EURPLN came off in both size and volume, Bond yields moved up a […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: A new correction low through key 1.3428/10 area reinforces bearish “outside” Wednesday. Next downside target is 1.3305 with late Q3 risk to 1.3050 AUD/USD: Plunge through critical .9933/27 for a more important top for .9574/37
FX Techs: London Open
At a glance: Getting ready for a final sell-off The action on the risk side is still dominating market trends across asset classes and with neckline support being broken in the FTSE 100, the S & P 500 and the DJI, chances of re-testing and exceeding the August lows are very high now. Given the […]
Technical Analysis: Technical Alert
Impulsive moves in most asset classes but also a slowdown late in the session, reducing risk ahead of the G20? EURUSD almost made it into the 1.3150/3350 support zone, small bounce looks like short covering so expect a more thorough test early next week. AUD took a real hit and has already arrived at next […]
HSBC: Currencies: Technical Analysis: Could Greek stocks be turning bullish?
We often say that as technical analysts, “ours is not to reason why, ours is just to sell or buy”. But Greek stocks could be turning bullish. Cycle evidence suggests that the Athens stock market is close to a significant low and that the underperformance versus Germany is about to reverse.
Daily FX Technical Strategy – Commodity currencies, the last shoe to drop?
The FOMC meeting yesterday spurred another wave of risk reduction, even in EM where we had expected the process to slow. USD strength, though, is finally undermining commodity prices, as growth fears take over from inflation, and commodity currencies are finally coming under selling pressure.