Forex Charts
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Erosion from 1.4295/98 resistance signals mini-top and risk lower. Through 1.4036 would open the door down to key 1.3772 support this week
Technical Analysis: Technical Alert – July 18
No really strong signs this morning, looks to us like a waiting game… EURUSD rejection from above 1.4200 still lacks a downside acceleration, EURJPY looks more promising but still faces firm support in the 109/111-area, EURGBP to test its key support, 0.8721, this morning,
Technical Analysis: Technical Alert – July 15
The consolidation phase slowly ending, risk aversion should be on the rise. EUR should, after yesterday’s topside rejection, continue its slide against $/£/JPY/CHF etc. NZD/USD spike should worry longs (and they are very long indeed – a crowded trade), AUD equities on the verge of a major break lower….worth keeping an eye on.
FX DAILY STRATEGIST: Europe – 14 July 2011
Bernanke, Moody’s batter USD; but debt negotiations may provide some hope Italian debt auctions, will-they-or-won’t-they emergency summit are the focus for Europe US, EU woes to further encourage safe-haven flows into CHF, JPY, Gold
Technical Analysis: Technical Alert – July 14
The consolidation phase seen yesterday is expected to be running late and expected to end now. EURUSD passed its primary reaction target, 1.4073, but resistance now firmer in the 55d ma band, EURJPY having met its correction target makes it vulnerable to renewed downside pressure,
Technical Analysis: Technical Alert – July 13
Today likely to be a day of congestion/consolidation. EZ worries also taking a toll on the core with France/Germany spread at its widest since 1995, yesterday passing the post Lehman peak. EURUSD did complete a minor wave pattern from 1.44, a small congestion and then 1.37.
Technical Analysis: EUR-USD bullish potential eliminated
The move below 1.4074 eliminates the main alternative bullish triangle wave count in EUR/USD. Probabilities are now very high that the market will fall towards 1.30 on a multi week / month timeframe. US stocks have yet to eliminate their bullish potential but bonds are testing and breaking significant resistance levels.
Technical Analysis: Technical Alert
EZ worries worsened yesteday with EURUSD breaking its major support, 1.4073, EURJPY 113.50 and EURCHF 1.1808, all three are expected to trace out fresh lows near term before a relief bounce expected (continuing lower thereafter, Milan stocks confirmed a strong sell signal whereaws €stoxx50 hovers a few points above its “kiss and goodbye” confirmation point.
Spotlight: EUR tops for 1.3655 target
EURUSD aims at 1.3909/00 with risk to 1.3655 target into July An erratic end to last week, but primarily highlighted by a “head fake” through the top of “triangle” resistance on July 4th and probes below support to further enhance a defensive bias within the non-trend environment evident since mid-Q2.
Technical Analysis: Technical Alert – June 29
Slightly better risk appetite and a waiting game. EURUSD 1.44/45 key resistance zone to cap for now, EURGBP clearly a bullish close yesterday with no topside spike seen, EURSEK remains bid and should soon try the 9.29 key resistance whereas EURNOK turned lower ahead of the 7.85 resistance and should thus be in the process […]
HSBC: Currencies: Technical Analysis: USD bull momentum building
The breakdown in Cable, the break up in USD-TRY and the continued wave structure in EUR-USD all point to a continuing USD rally. As long as 1.4442 holds as resistance in EUR-USD the immediate focus should be on the downside. The March lows in stock markets remain the key pivot point.
Time to Buy OZ
After a few days away from the markets (and the Greece tape bombs), I walked in this morning to find a full blown implosion in the aussie rates market. Paying positions have been sufficiently squeezed such that the August IB’s are pricing in a 1/3 chance of a 25 bp cut and around a full […]