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Category: Forex Trades

Credit Suisse Technical Analysis – May 27

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Credit Suisse Technical Analysis

Credit Suisse FX Daily

Today’s highlights:

■ GBPUSD’s spotlight stays on 1.4766/71 – the trendline from the 2008 low, the May 2016 high and 200-day average.
■ EURGBP’s near-term strength ideally caps below .7704/11.
■ EURUSD ideally draws fresh selling on the approach of price resistance at 1.1244.
■ USDCHF’s broader risk can remain topside whilst holding above key support at .9841/.9789.
■ USDJPY remains capped beneath key price resistance at 110.60/67.
■ EURJPY below 122.26/17 can see scope for 121.94 initially, ahead of a test of key trendline and price support at 121.49/33.
■ AUDUSD’s bullish “outside” day turns the focus onto .7254/61 where fresh selling is expected to show.
■ NZDUSD’s immediate risk can stay lower whilst capped beneath .6808/25.
■ USDCAD is holding above support from the 38.2% retracement at 1.2911.

Today’s trades/positions:

■ EURUSD: Short at 1.1199, stop above 1.1256 for 1.1100.
■ USDJPY: Short at 109.90, stop above 110.70 for 105.90.
■ GBPUSD: Long at 1.4480, stop below 1.4403 for 1.4745. Go long on break of 1.4780.
■ USDCHF: Long, stop below .9746 for .9992. Add to long on pullback to .9840.
■ AUDUSD: Short at .7330, stop above .7265. Cover shorts at .7120.
■ NZDUSD: Short at .6820, stop above .6860 for .6670.
■ USDCAD: Holding a long. Place the stop below 1.2740 for 1.3310.
■ EURJPY: Short at 123.75, stop above 124.70 for 121.60.
■ EURGBP: Short at .7750, stop above .7795 for .7530.

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Credit Suisse FX Daily Technical Analysis

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Credit Suisse FX Daily

Today’s highlights:
■ NZDUSD has completed a large “bearish” outside reversal, turning the immediate risk lower for .6565/45.
■ AUDUSD has rallied further, with a clear break above .7490/.7533 needed to reinforce the base for .7739 next.
■ EURUSD above 1.1047/68 is needed to resolve the sideways range higher to establish a better base.
■ EURJPY ideally finds fresh selling on a challenge of trendline and price resistance at 125.48/97.
■ USDJPY is expected to find fresh selling on a test of price and trendline resistance at 114.28/29.
■ USDCAD’s bearish “outside” day keeps the focus lower for price support at 1.3225 next.
■ GBPUSD focus remains on trendline resistance and the 61.8% retracement barrier at 1.4296/351.
■ EURGBP below .7691 is needed to resolve the range lower for .7661.

Today’s trades/positions:
■ EURUSD: Long at 1.0960, stop below 1.0903 for 1.1165.
■ USDJPY: Short at 115.20, stop above 117.54 for 110.10/00.
■ GBPUSD: Flat, sell at 1.4350/51, stop above 1.4419 for 1.3840.
■ USDCHF: Short on the break below .9945, stop above 1.0039 for .9775.
■ AUDUSD: Long at .7400, stop below .7280 for .7730.
■ NZDUSD: Flat. Sell again at .6670, stop above .6720 for .6565/45.
■ USDCAD: Reversed short, stop above 1.3472 for 1.3040.
■ EURJPY: Short at 124.95, stop above 126.00 for 122.10.
■ EURGBP: Short at .7750, stop above .7830 for .7570.

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Credit Suisse FX Daily – EURGBP maintains a large bullish base above .7494.

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Credit Suisse FX Daily Research

Today’s highlights:
■ EURUSD  has  initially  been  capped  below  61.8%  retracement  resistance  at 1.1259, but we stay bullish for 1.1387, then 1.1459/95.
■ EURGBP maintains a large bullish base above .7494.
■ USDJPY spotlight remains on critical support at 116.15/115.97.
■ AUDUSD  below  .7002/.6986  can  set  a  top  and  again  expose  the  .6828/27 early year lows.
■ GBPUSD  has  found  a  cap  at  the  50%  retracement  barrier  and  “neckline” resistance at 1.4660/4701.
■ USDCHF reinforces a top below former trendline support now at .9977.
■ USDCAD  has  found  fresh  buying  interest  at  the  38.2%  retracement  of  the March 2015/January 2016 rally at 1.3631.

Today’s trades/positions:
■ EURUSD: Long at 1.1155, stop below 1.1054 for 1.1450.
■ USDJPY: Short at 117.30, stop above 117.80 for 116.05.
■ GBPUSD: Flat. Sell again at 1.4590, stop above 1.4669 for 1.4150.
■ USDCHF: Flat. Sell at 1.0025, stop above 1.0078 for .9805.
■ AUDUSD:  Flat.  Sell  at  .7150,  stop  above  .7220  for  .6830.  Also  sell  on  a direct break below .6986.
■ NZDUSD: Flat. Sell at .6680, stop above .6753 for .6365.
■ USDCAD: Assume flat, buy at 1.3800, stop below 1.3710 for 1.4100.
■ EURJPY: Long at 130.05, stop below 129.50 for 131.90.
■ EURGBP: Long at .7585, stop below .7520 for .7750.

Deutsche Bank G10 Trade Idea of the Week – Short EUR/SEK

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Deutsche Bank Research

Target 9.15, stop 9.52, entry 9.4250
These  are  relatively  good  levels  to  reenter  EUR/SEK  shorts,  Thursday’s
Riksbank  meeting  notwithstanding.  Even  if  the  Riksbank  were  to  cut  rates
again, a very strong domestic data pulse mean that the move should be faded.

Credit Suisse FX Daily May 19

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Credit Suisse FX Daily Research and Analytics PDF

Credit Suisse FX Daily

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Credit Suisse PDF

SEB FX Ringside

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SEB Research

SEB FX Quant and Positioning Weekly

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SEB pdf

FX Pick of the Day: USD/CHF may trade inside 0.9486-0.9863

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CitiFX

Citibank Daily FX Focus: AUD/USD may trade inside 0.7533-0.7938

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Citi Research

Credit Suisse FX Daily: EURUSD remains bearish

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Credit Suisse PDF

Credit Suisse FX Daily

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Credit Suisse FX Daily 09-Apr-2015