Forex Charts
Daily FX Technical Strategy – USD sheds more value
USD weakness is broad based and of historical significance. It is a theme we have repeatedly drawn attention to and one which we expect to repeatedly be returning to over the rest of the year.
Technical Analysis – FX Daily Majors
Today’s highlights: AUD/USD: Surge through the 1.1014 peak and key 1.1035 multi-decade retracement barrier opens up 1.15/16 into Q3 (potentially mid-August). Interim targets 1.1200, 1.1300 EUR/USD: Probe through 1.4520 keeps focus higher, reinforcing surge through the 2011 topping line. Still aiming through 1.4579, with August target at the key 1.4698/4707 area
Technical Analysis: The dollar is likely to get bashed again
Recent EURUSD lift looks paced enough to mount pressure on an important 1.4580 ref… The unit is also on a losing streak against the yen and USDJPY could sink into the 76s… The aussie is steaming hot and AUDUSD, already trading at fresh post-float highs, could try 1.11, but there are some worring signs in […]
Technical Analysis: Slightly better risk appetite boosts AUD & SEK
It looks like stocks may recover more of recent losses incurred. Better risk appetite looks to support currencies like AUD & SEK. The former holds the 1.1012 high in the corner of the eye and EURSEK should be sold on a 9.08 break (but bears still needs confirmation under 9.04)…
Technical Analysis – FX Daily Majors – July 25
Today’s highlights: EUR/USD: Setback from the 2011 topping line, 1.4450 leaves risk of defensive consolidation early this week. Below 1.4324 today would aim at 1.4139; month-end risk to 1.4015 USD/JPY: Cautious probe and another defence of 78.25 retrace support. We still look for a rebound back to the range
Technical Alert: Direction for today seems mostly unclear
Direction for today seems mostly unclear and its hard to find a particular focus at the start of the week… EURUSD levels at 1.4285 & 1.4485 have to be observed and the same goes for EURJPY at 112.25 & 114.00…
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Surge through 1.4283/98 barriers completes a short-term base for a better recovery tone into month-end. Prod at 1.4420, but above the topping line, 1.4460, needed for a more bullish tone into August
Global Technical Watch – Quick Charts (July 21)
We recently highlighted the bullish risks in USD/SGD and NZD/USD as these Asian/commodity currency leaders continue to gain ground against the USD. Elsewhere, however, several USD pairs are at or near important support areas.
Technical Analysis – FX Daily Majors
Today’s highlights: USD/CHF: Reinforcing the bullish “outside” Monday from a record low for a small base. The challenge is now to overcome .8500/27 for a sustainable bottom; we look for this area to cap NZD/USD: Surge to another new multi-decade high through 8501 and wedge top leaves August risk to our Q3 target at .9000
Westpac AUD/USD outlook
Summary: AUD/USD has spent very little time outside the broad 1.04-1.08 range since May, with underlying USD weakness and confidence in Asia’s resilience cushioning the pair despite a clear deterioration in Australia’s outlook.
Global Technical Watch – Quick Charts (July 19)
With the banking sector strongly underperforming the broader stock market in both Europe and the US, funding issues are escalating. The spreads between banks and government funding are rising to multi-year highs in Europe and undermining sentiment.
Technical Analysis: Technical Alert – July 19
EUR/USD having a hard time closing below 1.4100 (basically three times since March. Underlying euro weakness easier to spot looking at the euro index, which has broken lower. AUDJPY on the verge of a new round of weakness we think, EURSEK almost at the next target with the 9.28 print yesterday, look for bids 9.20/22 […]