Technical Analysis
More bearish £ signs. USD/Latam taking off.
EUR/USD: We’re now back in the rather rare situation that the marketis trading outside the 55week Bollinger band (and alsoyesterday, however for a short while, on a daily basis)something that historically has a strong tendency to
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3694 (09/12/2013 low) and 1.3621 (06/12/2013low).
EUR/USD is possibly peaking. EUR/SEK under 8.98 would trigger a correction lower.
EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695.
Daily Market Technicals
EUR/USD pushed up to test resistance just below the $1.3800 level and left a long upper-shadow, bulls look to retest this key level and break above to the Oct 28 reversal high at $1.3832.
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
The euro is still bid and the yen relentlessly offered. EUR/SEK targets >9.0050.
EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless.
Daily Market Technicals
EUR/USD stretches further to the upside as bulls target the Oct 28 high at $1.3832, however daily studies are increasingly overbought adding a little downside risk. Failure to retest $1.3832 could see the pair collapse,
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
JPY weakness. CABLE peaking?
EUR/USD: The market opened the week with an unusually big gap (to1.3748) higher only to immediately trade lower filling thegap to the NY close, 1.3706.
Daily Market Technicals
EUR/USD continues to squeeze higher despite overbought daily studies as bulls climb further into rising channel to test above daily Bolli top at $1.3710 to an hourly high at $1.3726.
Markets Outlook – December MPS Decision Flawed
The New Zealand economy is going from strength to strength. The economic expansion is broadening and deepening. No longer is the recovery story all about the rebuild of Christchurch.
Daily Technical Report
EUR/USD has broken the resistance areabetween 1.3622 and 1.3651 (21/10/2013 low),confirming a persistent strong buying interest.