Forex Trades
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Surrender of the 1.3484 swing low aims now at 1.3382/45 retrace/chart support, with latter part of November risk to 1.3146/1.3050, the Q4 low and longer-term retrace target
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Cautious intraday fatigued bounce, but only above 1.3665 eases bear risk (1.3730 needed for a neutral tone). Otherwise, the mid-month threat is to 1.3382/45 GBPUSD: Topping risk increasing with probe below 1.5891/77 risking a challenge of retrace support, 1.5825 and likely the pivot/retrace area at 1.5719/17
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Cautious base building, but push above 1.3871/77, reinforced through 1.3938, needed to confirm for 1.4171 GBPUSD: Still building on the bullish ‘outside’ Thursday from 1.5891 support rebound leaves our bias to/through 1.6167 closer to 1.6330 into mid-month
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: A tentative nudge at a minor resistance peak at 1.3871 on Friday, but only more firmly through here and the 1.3938 pivot signals a small base to aim at 1.4054
Asia Strategy Focus: Sell USDSGD at 1.273, take profit at 1.235
On October 24, 2011 we initiated a trade idea sell USDSGD at around 1.28 with a take profit target of 1.242 and stop loss of 1.293. Directionally, we were correct in our call where USDSGD hit 1.242 on October 28, 2011. However, this trade did not get triggered since we only hit a high of […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Still a cautious topping risk, despite rebound ahead of trend support, at 1.3675 today. But rally back through 1.3938 needed to re-energize October upside GBP/USD: Probe of 1.5667 eases bull risk for a mini-top. Despite rebound, threat this week is back down to the 1.5543/25 chart support area
JPM FX Techs: Sydney/Asia Open
At a glance: The risk trade accelerated higher yesterday as the USD extended through the next line of key support levels. As the price action continues to demonstrate a bullish trending bias, note that we see a very important test for equities with the S&P approaching the 1220/1230 resistance zone and August/September range highs.
JPM FX Techs: Sydney/Asia Open
At a glance: A mixed day for the USD as prices finally consolidated after testing the next line of important support levels. Still, the reversal in the USD from last week’s highs suggests an increased risk that a deeper retracement is underway particularly with equities maintaining the bullish shift from last week’s lows.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Decisive upside breakout leaves risk higher for the week, but today we expect some consolidation back to throwback/trend support placed at 1.3525. GBP/USD: Market remains under pressure, with the focus remaining on the key support cluster at 76.16/11/75.95.
CEEMEA trade: CZK – safe but cyclical, add long EUR/CZK
We have been positive on the Czech Republic since the beginning of August via FX unhedged long CZGBs. The main reason for our bullish stance was the regional safe heaven status and very solid fundamental backdrop.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Bear gap closed and a bullish “outside” pattern aims for a better base through 13-day EMA, 1.3483, with the trend line key at 1.3525. The latter is needed for a firmer base GBP/USD: Neutral “outside” Thursday after “inside” Wednesday underscores indecision. Probe below key 1.5296 swing low leaves October risk lower to […]
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Prod to close the Monday bear gap (1.3382-84), easing immediate bear risk. Trend reversal above 1.3555 needed for a better tone to aim at key 1.3682/91 barriers USD/CHF: Solid “inside” consolidation pattern reinforces prior extension through .9184 peak to aim at our .9342/9400 chart/retrace target into mid-month