Forex Charts
Chart of the week: Asia ain’t cracking
After a long absence, Chart of the Week is throwing itself back into the game. And there is plenty to say. First up: markets are chewing their nails about growth. Weak US data doesn’t help, clearly. Nor do Japanese supply chain wobbles that are still feeding through the system.
What FX flows have gone thru here today
Med term CTA / system base, as well as macro , has been active today. Sporadic Real Roney flows (see PHP below) , but this is generally the case in times like this….Macro and CTA base , with RM guys [generally] following. Interesting to see if we get this ‘follow thru’ from them.
HSBC: Currencies: Technical Analysis: USD-TRY breakout alert
USD/TRY is very close to breaking up through significant resistance. A dramatic move higher should be anticipated. The underlying wave structure in EUR/USD remains very bearish and stock markets are testing key support.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Faltering ahead of 1.4552/64 barrier negates mini-base with plunge to a new setback low. Risk now to firmer support at 1.4125. USD/JPY: Mini-base and short-term bull trend reversal secured to aim at 81.78 this week with latter June threat up to the 82.24 peak and 200-DMA, now 82.40.
Technical Analysis: Technical Alert
Global turmoil contiunues to dominate the scene. USD, JPY, CHF, bonds and gold in demand the rest not….EUR/USD major sell signal yesterday => 1.39-37-35.
Daily Market Technicals – Euro is seen to slip further still
EUR/USD remains short term negative and now probes the 2011 uptrend line at 1.4178. Once fallen through, a slide to the 1.4010/1.3968 support area, which represents the 200 week moving average and the May low, should unfold.
Global Technical Watch – Quick Charts (Jun 16)
Price action over the past few days suggests that equities remain a “sell on rallies”, and the cross-asset implications of this are becoming more apparent. The USD caught a strong bid and EUR/USD dropped below its daily cloud for the first time this year, warning of a deeper pullback.
Commodity Currencies Weekly Technicals – Despite the recovery seen in the last few days, AUD/USD continues to look top heavy
AUD/USD: Recent bounce should run out of steam. We still expect AUD/USD to decline in the weeks ahead. NZD/USD: Failed ahead of the .8395 December 1981 high which should continue to cap.
FX DAILY STRATEGIST: Europe – 15 June 2011
Risk on from Chinese figures is unlikely to turn into something more lasting while Greece remains unresolved. May US CPI is likely to ease; downside surprise can drag US treasury yields and USDJPY lower. AUD to continue outperformace as RBA Stevens reignites hopes for an early rate hike
FX DAILY STRATEGY Asia – 15 June 2011
Risk on momentum stays course with equities rallying and USD weakening Headlines out of Europe will continue to steer EUR until there is a conclusive resolution on Greece May US CPI is likely to ease; downside surprise can drag US treasury yields and USDJPY lower
Daily Market Technicals – EUR/CHF in new lows
EUR/CHF has sold off into new lows and is approaching the psychologically important 1.20 support. The market looks set to reach the base of its 3 year down channel at 1.1950/65. While we would allow for this to hold the initial test, we are not hopeful about reversal here. Slightly longer term we have point […]