Forex Charts
Technical Analysis: Technical Alert: Weak AUD & GPB and Scandies are still vulnerable
EURUSD & EURJPY consolidate recent losses – once done ranging, fresh lows should be expected… GBPUSD seems headed for 1.5650… AUDUSD looks staged to clear support at 0.9927 not before long… EURSEK still looks posed to try 9.1990… USDSEK also seeks clearence above the mid-6.77s…
Daily FX Technical Strategy – Temporary risk reprieve
Spike lows in a number of currency pairs yesterday, particularly euro-related, imply bargain hunting. However, with the exception EUR/AUD (where there was a Key Day), there is a lack of compelling evidence for a sustainable recovery. Consequently, we see the bounce as a relief rally that ultimately will set up more weakness, and we would […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Immediate bear pressures eased by intraday bounce, but whilst below 1.3938 mid-month threat lies through 1.3428 to 1.3305, with September risk still for 1.3050 GBP/USD: Attempted rebound from key retrace/price support, 1.5785/81, but only above 1.5992 eases bear risk. Else, late Q3 threat is lower to 1.5490, and maybe 1.5345/5296
Technical Analysis: Technical Alert: Scandie weakness and corrections elsewhere
Most notable moves higher in EUR/scandies yesterday. Also USD/scandies have commited serious resistance violations – all worth following closely (re-checks lower likely before up)… EURUSD is correcting higher – over 1.3695 would target 1.3755\65…
MS FX Flows Chart Pack – September 12, 2011
Week of: Sept 3 – 9, 2011 USD Buying Demand: Our clients were net buyers of USD on the week, though net flow was not especially large. In all, conviction on USD has been weak, as our clients have flipped from net buyers to net sellers and vice versa for the past six weeks in […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Plunge through critical 1.3772/1.3665 support area from the 2010-11 up trend aims at 1.3428 today with September risk growing for 1.2859 GBP/USD: Attempted basing in the 1.5912/05 area dismissed with spotlight today on key retrace/price support, 1.5785/81
Global Macro Strategy – Trade Ideas – Sell EUR/GBP
In an ad hoc comment sent to clients on 18 August, we said that we would look to sell EUR/GBP should support at 0.8645 be penetrated. This support has now gone intra-day, and we think the time is ripe for further GBP gains versus EUR. To repeat our thoughts: The chart below (Figure 1) looks […]
Technical Analysis: Technical Alert
The common currency under increasing pressure with the EUR index in a pre break position (already having confirmed a completed three wave corrective pattern to the topside). EURUSD is rapidly moving to the point of no return, 1.3838. EURJPY likewise with 106.50 in focus, EURGBP 0.8644 same thing,$ index on the verge of breaking higher […]
Daily FX Technical Strategy – Falling inflationary expectations in Europe
FX investors are focused on European interest rate decisions today. Given sharply falling inflationary expectations over the summer months with EUR and GBP pressing against important support it would appear the market is positioning itself for dovish news.
FX Techs: London Open
At a glance: Relax for now Yesterday’s EUR positive ruling of the constitutional court in Germany gave the already ongoing risk recovery an extra boost so that we received first evidence of a broader recovery unfolding, particularly in European indices, where 5-wave sequences seem to be complete in the Dax and the DJEuroSTOXX 50.
Technical Analysis – FX Daily Majors
Today’s highlights: GBP/USD: Lacklustre rebound activity leaves risk through 1.5921/05 support today to key retrace support/Q3 low, 1.5785/81 into mid-month (we look to hold here initially) EUR/USD: Flagged “inside” Wednesday bounce leaves “outside” Tuesday plunge through 200-day MA weighing for a move through the 1.3973 recent trough to the 1.3837/1.3772 support area
Technical Analysis: Technical Alert: Markets consolidate ahead of today’s events
Markets consolidates/corrects on the dawn of ECB/BOE and speeches from both Bernanke & Obama… Nothing we see are real trend-benders and continuation of trends is likely on the other side of these events…