Technical Analysis
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. Monitor the test of the resistances areadefined by the 61.8% retracement at 1.3627 and1.3651 (21/10/2013 low).
Signs of an exhausted €. CAD continues to weaken.
EUR/USD: Each and every day the market is coming closer and closerto the 1.3645 mid body (of the weekly falling benchmarkcandle key five weeks ago) resistance.
Daily Market Technicals
EUR/USD holds below daily Bolli top and 61.8% of $1.3832-1.3296, key initial res at $1.3627/34 where a top may be forming.
Markets Outlook Weekly
We realise that many will probably see this week’s Barfootand Thompson housing report as the big economic newsof the week. Covering the month of November,
Daily Technical Report
• EUR/USD’s rise is still viewed as a short-termrebound and is now close to the resistance areadefined by the 61.8% retracement at 1.3627 and1.3651 (21/10/2013 low).
GBP/USD & EUR/JPY at important levels and must be monitored
EUR/USD: There is not much for near-term bears to hinge their hopeson – yet. Cautious advance is still on and resistance in the1.3645\90 area may be scanned.
Daily Market Technicals
EUR/USD edged back into rising channel from Jul 10 low, base becomes initial support at $1.3593. A break below could see bears take control and slide to the key support level at $1.3469,
Daily Technical Report
• EUR/USD has moved above the resistance at1.3579, reflecting a persistent short-term buyinginterest. Another resistance can be found at1.3651.
EUR/JPY: Facing massive resistance between 139.14 and 140.99/141.04
Based on the very long-term picture shown below it becomes obvious that we are most likely only halfway withinthe ongoing and multi-year bull-trend.
USD/JPY stays bid despite positioning and stretch. Cable targeting 1.6380
EUR/USD: The move higher is still deemed as short-term correctionaland a high for this move should be sought somewhere nearthe mid-1.36s.
Daily Market Technicals
EUR/USD struggles to hold onto any gains within the rising channel – currently trades just over the channel base, seen at $1.3585.
Asian Currencies Technicals
AUD/USD continued its move lower yesterday, oscillating around the lower 21 day Bollinger band ($0.9093) as overall focus remains firmly on retests of the 2013 low.