Forex Trades
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Impressive turnaround ahead of 1.3050 retrace target needs to overcome bear gap (1.3382-84) to ease bear pressures; 1.3580 needed for a better basing/recovery GBP/USD: Rebound ahead of the recent 1.5328 trough hints at a base; above 1.5613 would enhance. A “Double Bottom” still requires confirmation through 1.5717
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Bear gap (1.3382-84) plunge through important 1.3305 and 1.3244 support eyes our October target at 1.3050; overshoot risk remains the 2011 low, 1.2859 USD/CHF: Robust advance through the .9184 recent peak maintains threat to our .9342/9400 chart/retrace target area into mid-October
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Further erratic price action reinforces near term defensive digestion theme. Whilst 1.3810 caps into Q3-end, the early October bias is still down to 1.3050 GBP/USD: Constructive “outside” Thursday leaves risk up closer to 1.5748/50 barriers into next week, which we still look to cap and for renewed bearish pressures from here
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Small base through 1.3602, but only above 1.3796/3810 sets up a more sustainable rebound. We look for a cap here and erratic digestion below into quarter-end. October threat still to 1.3050
FX Techtonics Daily – EUR/USD: corrective rise from 1.3360 probably not over
EUR/USD EUR/USD should break above yesterday’s high of 1.3670 and rise to the 1.3795/1.3800 resistance area before pointing back to the January low of 1.2860.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Reluctant Friday bounce and “outside” pattern (lower?) today again breaks key 1.3428/10 support, with risk next to 1.3305 and late Q3/early October threat to 1.3050 AUD/USD: Aggressive reversal below critical .9933/27 aims at .9574/37 this week; October overshoot threat to .9218
FX Techtonics Daily – USD/CAD: ST bullish signal
EUR/USD EUR/USD should clearly break below last Thursday’s low of 1.3385, which has come under pressure, and target the January low of 1.2860, with steps at 1.3245 and 1.3050.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: A new correction low through key 1.3428/10 area reinforces bearish “outside” Wednesday. Next downside target is 1.3305 with late Q3 risk to 1.3050 AUD/USD: Plunge through critical .9933/27 for a more important top for .9574/37
FX Techtonics Daily – EUR/USD: pressure on 1.3410/30 support zone
EUR/USD EUR/USD should clearly break below the 1.3420/95 support zone, which has come under pressure, and target the January low of 1.2860, with steps at 1.3245 and 1.3050.
FX Techs: London Open
At a glance: Getting ready for a final sell-off The action on the risk side is still dominating market trends across asset classes and with neckline support being broken in the FTSE 100, the S & P 500 and the DJI, chances of re-testing and exceeding the August lows are very high now. Given the […]
Technical Analysis – FX Daily Majors
Today’s highlights: GBP/USD: Plunge to our initial September target at key retracement support at 1.5490 now places overshoot risk to 1.5345/5296, which we would look to hold EUR/USD: Bearish “outside” pattern aims down through 1.3497 to key 1.3428/10 area into week end; risk to our quarter-end target at 1.3050 increasing
FX Techtonics Daily – EUR/USD: ST pause before return to intermediate downside target of 1.3430/95
EUR/USD The likely break below the 1.3430/95 support zone should call for an extension of the downtrend initiated at 1.4945 in early May to the January low of 1.2860, with steps at 1.3245 and 1.2995.