Forex Charts
Technical Analysis: Technical Alert: EUR/CHF upside looking tired & EUR/USD hesitation
EURCHF upside momentum seeps away… Risks testing 1.1225/1.1150/1.0985-65… EURUSD rejected swings on both sides of the opening level yesterday and ended up in no mans land again. Outside 1.4325\1.4537 needed for clues…
Daily FX Technical Strategy – Fear and uncertainty
While the markets have calmed down from last week’s volatility, the signs are that there is still an element of fear and uncertainty. Gold, the haven against risk, continues to recover off last Friday’s lows and yesterday’s inside day in the S&P highlights uncertainty with recent equity gains.
Technical Analysis: Technical Alert: Keep a downside watch on EuroStoxx50
Swissy pursuing overhead resistance and downside risks to stocks in general and in EuroStoxx 50 in particular is the main focus today… EURUSD below 1.4350 would strongly hint of another upside failure… EuroStoxx50 under 2268 would start to look ugly… EURCHF is sniffing resistance in the 55day EMA.
Technical Analysis – FX Daily Majors
Today’s highlights: GBP/USD: Market reaches range highs as expected, we now look for an upside break through here to the 1.6541/49 resistance zone, after some brief consolidation USD/CHF: Threatening minimal resistance from Monday’s peak of .8000 once again. We see risk through here to .8160 USD/CAD: Gradual grind lower persists, as the market continues to […]
Daily FX Technical Strategy – USD weakness, part of the risk on theme
Equity markets are maintaining a bullish path on the back of last week’s reversal candles and USD weakness is becoming part of the current risk-on theme. The USD index looks set to test the July base near 73.40 and we are seeing the USD lose ground against several currencies.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Upside direction range breakout brings directional clarity back to the market. Risk now through 1.4537/79 to 1.4698/1.4707 resistance zone GBP/USD: Break above 1.6338 pivot exposes the 1.6477/80 range highs. We see risk through here to 1.6541/49 resistance zone whilst above 1.6256 support AUD/USD: Pausing at the 50% Fibonacci retracement level of 1.0505, […]
Technical Analysis: Technical Alert: Eyes on EUR/CHF, EUR/NOK & higher bond yields
EURUSD is still in range, offering only weak directional clues… EURCHF on the other hand is sharply higher with 1.1350\1.1500 target area fully in sight… AUDUSD could extend the correction towards the +1.05-area…
FX Techtonics Daily – EUR/USD: ST risk to the downside, but limited potential
EUR/USD We expect the mid-July low of 1.3835, or even the 1.4015/55 support zone, to contain any down-move until the EUR/USD breaks above the tentative declining resistance line, which comes at 1.4455 today, and returns to the 1.4520/35 region.
FX Tech Trade Recommendation: Sell EUR/USD for a minimum decline to1.3350
Market seen at high risk of accelerating lower while the USD has improved its prospects for a broader recovery across board Central Scenario: The continuous failure to break above Ichimoku-resistance, the row of lower tops and the clearly established bear-trend in risk markets provide a high probability of accelerating lower
Technical Analysis: Technical Alert: Big EUR/CHF U-turn catches the eye
The notable EURCHF U-turn is volume laden and could feed into a +1.10 test… EURUSD is all revved up but has nowhere to go… There is some momentum in the AUDUSD correction, but the pair must not fall back below 1.0110 to hold pace… EURSEK likely trades in a 9.1995\9.3310 range and EURNOK needs to […]
Technical Analysis: Technical Alert: Weaker Scandies… And sharp drop in USD/CNY
EURUSD is “The House of Frustration” and still no strong views there… GBPUSD might lead the way though with abearish print added yesterday – targeting 1.5920… Another frontrunner may be EURJPY which yesterday added its lowes session close since mid-Jan this year…
Technical Analysis – FX Daily Majors – August 11
Today’s highlights: EUR/USD: Another recovery failure ahead of 1.4454 reinforces defensive range theme, with end of week risk through 1.4055/15 support levels to the 200-day MA, 1.3945 USD/JPY: Poised at the historical 76.30/25 lows, now with likely break below aiming at 74.80 initially with risk to 72.55