Forex Charts
Technical Analysis: Technical Alert
An eventful day yesterday, EURCHF no longer allowed below 1.20, EURNOK impulsively broke down from its 2011 range, EURUSD seems to be under increasing pressure….1.3838 soon? the last line of defense.EURSEK also under pressure (but not as EURNOK given NOKSEK still liked higher.
Technical Analysis: Technical Alert: The dollar retains the upper hand – equities are not
Risk aversion is still on the fore. In this environment we see the classic four (USD, CHF, JPY & gold) holding the upper hand. EURUSD below 1.41 has pehaps not opened Pandora’s box, but at least put the door ajar for further losses (though an immediate sub-1.3950 break is currently not the main scenario)… EURJPY […]
Daily FX Technical Strategy – Calm before a storm?
Last week ended badly for risk. As both equities and yields fall it is clear that global growth expectations continue to be pared back. However, given the Labor Day holiday in the US today the risk is for a ranging respite in FX markets with the likes of GBP/USD holding between 1.6110 and 1.6255.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Q3 trend reversal enhanced targeting 1.4055 this week with 1.4015/11 key to defend to avoid a more negative topping threat GBP/USD: Eyeing the critical 200-day moving average and key support zone at 1.6124/01. Growing risk of surrender for a more a negative tone to target 1.5781
Technical Analysis: Technical Alert
With most markets now having confirmed completed corrections focus is back on safe havens. Bear flags/triangles all over the place in equities, commodities, emerging markets etc. EURUSD is fast approaching the 1.4100-area a key junction for medium term development, EURJPY has broken lower and should continue in the same direction, AUDUSD gapped lower today responding […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Break below the medium-term upward trendline keeps the bias lower within the broader range, with risk down to 1.4109/04 and then 1.4055. GBP/USD: Reverts back to the critical 200-day moving average and key support zone at 1.6110/01. A break through here would confirm a bearish tone, with risk lower to 1.5781.
Daily FX Technical Strategy – Ranging signs at the start of the month
The price action of the past 24 hours suggests further range trading should be expected in Sep. Euro support gave way yesterday pointing to a return to the lower half of the range of the last month and the USD Index escaped from its recent contracting pattern back into the middle of its range.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Continued failure at the 1.4518/00 resistance zone keeps the bias lower through 1.4328 trend support to 1.4259 and then 1.4150 GBP/USD: Market reverts back to intermediate-term trendline support placed at 1.6260. A break through here signals downside continuation to 1.6110/01
Daily FX Technical Strategy – Waiting for the break
Ahead of the event risk later today, recent ranging conditions are expected to persist. Beyond that we will be monitoring important range extremes for the next directional move. A break over 1208 in S&P would indicate an optimistic outcome, as would a break below the important range lows at 73.42 in the USD index.
Technical Analysis: Technical Alert
Main event seems to be equities taking a turn for the worse (pause or turn?). USDCAD’s triangle now completed and a break higher should be imminent, EURUSD continues its buy in the morning sell in the afternoon pattern (but still within the same old range), EURJPY is now close to what we believe will be […]
JPM FX Techs: Sydney/Asia Open
At a glance: As the big event is nearly upon us, the price action stays decidedly range-bound. Still, yesterday’s price action was significant given the downturn in equities following a failure below key resistance levels particularly for the S&P near 1200. While the action is still quite range-bound as well, yesterday’s bearish reversal is a […]
Trade Idea: Sell EURUSD pre Jackson Hole for 1.4000
Continued failure at the 1.4518/00 resistance zone keeps the bias lower, through 1.4355 and 1.4259 initial support levels to the 1.4055 range low and then the 200-day moving average, currently placed at 1.3978. EUR/USD has failed once again ahead of the critical 1.4518/37/79 resistance cluster as the market holds below Tuesday’s peak at 1.4500.