Forex Charts
Technical Analysis: Technical Alert
Risk aversion still ruling. Most market has just left, are leaving or just about to leave fourth wave consolidations (often in the shape of triangles) calling for one more cycle low/high in most asset classes before its correction time.
FX Techs: London Open
At a glance: Political markets Market conditions are currently dominated by rumors and political statements, which adds to the already prevailing uncertainty and leads to pretty erratic price movements, impossible to anticipate. Yesterday’s rumor about the SNB raising the floor for EUR/CHF again is another example, which pushed the market into its main resistance zone […]
Technical Analysis: Technical Alert: Conolidation/correction theme
Not much is cooking at the moment… EURUSD is still in a correctional mood and so is cable… USDCHF is the exception while it shows renewed upside impulse – possibly for extension towards 0.94\0.96 later… EURSEK & EURNOK seeks deeper correctional lows, but in this, NOKSEK could extend losses into the mid/low-1.16s before up…
FX Ringside: USD skew indicates stronger dollar
Norway: Rate cut hopes farfetched Norges Bank will leave rates on hold at 2.25% this week adding a more dovish tone compared with its surprisingly hawkish previous message. We believe the market is simply incorrect to discount a 30% probability of a rate cut.
Technical Analysis: Technical Alert: EUR, GBP & NOK under pressure
EURUSD & EURJPY look set to test the recent 1.3495 & 103.90 lows… GBPUSD has reached a target (1.5650), but there could be more supply hitting the market – if so 1.54/53 would be the next objective… EURSEK must break outside 9.1235\9.1950 for a fresh directional cue (but USDSEK could still test its recent +6.77 […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Plunge through trend and chart support negates basing effort and leaves threat this week through the recent 1.3497 low to key 1.3428/10 area GBP/USD: Plunging through a support vacuum towards key retracement support at 1.5490 this week, with overshoot risk to 1.5345/5296
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Faltering back from 1.3900/38 resistance to damage small basing effort. Risk back through 1.3497 low to key 1.3428/10 area early this week GBP/USD: New correction low aiming at key retracement support at 1.5490 into month-end, with overshoot risk to 1.5345/5296
Technical Analysis: Technical Alert
Reversing the reversals….so post weekend and risk off is back on the agenda. Stronger dollar, weaker euro and wobbly equities will be the main theme. EURUSD gapping (a rather rare occasion) down from its bear flag supports our view of a soon 1.31/33 visit. ECB EUR index looks set to soon test 100.
Technical Analysis: Technical Alert
Position squeeze is the name of the game. Contrary to our view the market failed to produce the looked for final wave lower in EURUSD as well in most equity markets (excl. Asia in general). We will probably see a bit more of the same today but many markets now approaching minor correction targets, hence […]
Technical Analysis: Weekly equity technicals – Missing that final low
Two new signals generated since last week. Indonesia has developed a bearish pattern and thus looks very vulnerable. USD index has posted a fresh buy signal.
Global Technical Watch – Dollar over Asia (Sep 15)
We are focusing on Asian currencies today. The Asia Dollar Index closed below its 200-day average for the first time in over a year, and several currencies in the region risk further bearish, corrective price action against the USD. We highlight various support areas and trigger points at which this theme is likely to persist.
Technical Analysis: Technical Alert
Corrections are running late with hourly wave patterns now pointing towards a completed move. Downside risk should thus be returning in EURUSD,AUDUSD,EURJPY, Equities etc.