Technical Analysis
Daily Market Technicals
EUR/USD: Bulls Eye Sept 17 Reversal High. The pair fades before reaching the Sept 17 high of $1.3144 as daily tech studies turn lower.
Asian Currencies Technicals
AUD/USD: Struggling To Take Out $1.0480-00 Region. The AUD/USD continues to pause ahead of the 21 day upper Bollinger band with numerous daily highs noted just ahead and daily tech studies correcting from moderately overbought levels.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Upward trend persists higher and we expect the market to challenge the critical .8166 neckline resistance. Above here completes a base targeting .8263 initially.
FX Daily Majors
Today’s highlights: – USDJPY: Gaining traction ahead of the 81.64 chart support level. Some overshoot still a possibility, however, we expect the market to eventually target 84.19.
South Africa: Daily FX Technical Strategy – At previous turnaround levels
The ZAR’s recent recovery against the USD, GBP, AUD and TRY is taking place within a three-week consolidation pattern and does not change our view that the ZAR remains vulnerable into year end.
Global Technical Watch – EUR bid strikes gold
As peripheral eurozone yields continue to drop, gold priced in EUR is also becoming less attractive. The recent liquidation has also undermined gold in USD terms.
Technical Analysis
Increasing risk sentiment overnight with $losing further ground, JPY weakening, S&P500 turning up etc. EURUSD key focus today is whether 1.3140 will break or not,
Daily Market Technicals
EUR/USD: Bulls Eye Sept 17 Reversal High. Euro-dollar slips above the former trendline resistance from Jun 1 and looks to test the daily Bollinger band top, initial resistance at $1.3133.
FX Daily Majors
Today’s highlights: – GBPUSD: Upward trendline supports the market and results in a bullish trendline break through 1.6072. We remain cautious ahead of the 1.6176/82 resistance zone.
FX Technical Volume Strategy: EUR/CHF trend reversal
Volumes held up relatively well at the start of the new month; however, we are expecting them to tail off into the holiday season.
FX Trends daily (FOCUS: EUR/NOK)
EUR/NOK The pair has failed to clear a short term resistance at 7.3950 yesterday ahead of a correction.
Technical Analysis
Some interesting breaks and signals in GOLD, NOKSEK, S&P500, OIL, USDZAR and more to dig into. Euros remain in demand and EURUSD ending yday above its 2011 top line, growing bear divergences should be monitored closely,