Forex Charts
Technical Analysis: Technical Alert – June 28
Most markets seems to have entered at least short term congestion ranges, bouncing back from the early Monday highs and lows. EURUSD the corrective bounce is expected to end within the cloud, preferably holding below 1.4398, EURGBP stalling, again, around 0.8950, EURJPY looks like a sell up towards 115.85/116.15,
HSBC: Currencies: NOK has beauty, but not everyone sees it
On all metrics that we consider the NOK is more defensive than the CHF. However, the market has been buying the CHF in a frenzy of defensive activity whilst ignoring the NOK. We believe this is a mispricing.
Technical Analysis: Technical Alert – June 27
The scence continues to be dominated by rolling QE2 backwards i.e. buying dollars and basically selling the rest (except CHF & JPY). €UR is expected to fall further putting pressure on EURUSD, EURJPY etc.
HSBC: Currencies: Technical Analysis: Solstice tides
Stock markets are at critical points of their cycles. Subtle changes in mass human behaviour occur at this time of the year and so the next few weeks should determine whether stocks are ready to collapse directly or whether we have one more leg higher.
Are Bonds a Good Hedge for a Further Risk Sell-Off?
So yet one more twist and turn in the fate of Greece caught the mkt short Euro. PAIN has certainly been the word this week and TGIF never more true. Asia certainly looked like they had had enough with tight ish range but still nowhere near JPY with its sub 20 pips!
Technical Analysis: Nokkie notably stronger despite sharply lower oil
Stronger Nokkie catches the eye this morning despite sharply lower oil – threatening to challenge the May lows. EURNOK could extend the drop towards the lower 7.7s…
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Aggressive, whipsaw 24 hours leaves constructive bias. Skewed risk through 1.4442/60 to key 1.4498 USD/JPY: Bullish “outside” Wednesday reinforced for better base to aim at 81.07 with quarter-end risk through 81.78 closer to 82.24/25, chart/200-day MA hurdles
Technical Analysis – FX Daily Majors
Today’s highlights: USD/JPY: Bullish “outside” Wednesday and follow-through gains this morning underscore a small basing to aim through 81.07 towards 82.24/28, chart/200-day MA hurdles GBP/USD: Violation of the “Head & Shoulders” neckline warns of a more important top and points down through the 200-day MA, 1.6031 to the 1.5751/5645 area
Global Technical Watch – Quick Charts (Jun 23)
Various commodity indices are hovering at important supports. Although they look stable for the time being, a break below highlighted levels would complete larger bearish formations. In such an environment, we cannot rule out the risk of a further USD bid.
FX Hotspot: ARPI² update – US core inflation more important than euro-area debt crisis
Compared with the level one week ago, the ARPI² was almost unchanged. That said, risk perception rose significantly last Wednesday. However, this was only to a minor extent due to the euro-area debt crisis.
Commodity Currencies Weekly Technicals – AUD/USD and NZD/USD continue to look top heavy
AUD/USD: We still expect the Aussi to decline in the weeks ahead and for the 1.0441 May low to be revisited. NZD/USD: Another down leg should be seen. Is to revisit the 55 day moving average at .8008 at the very least. USD/CAD: A short term correction lower is being witnessed but the currency pair […]
Technical Analysis: Technical Alert: Pound & lira weakness is focal
EURUSD trades in no-mans land with several outcomes equally likely (broader picture remains bearish)… EURGBP could continue higher with overhead targets nearby at 0.8900\25 within reach… USDCAD looks inter-range offered…