Technical Analysis
Asian Currencies Technicals
AUD/USD: Looking Tired, Focus Topside For Now. The pair dipped below previous hourly support and we now look for a close below yesterday’s lows to end hopes of a retest of the upper Bollinger band.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Caught in a range between .8067/78 resistance and immediate support at .8009. A breakout either side of the range is required for more direction.
FX Daily Majors
Today’s highlights: – EURUSD: Approaching the key 1.2844 38.2% Fibonacci retracement hurdle. We expect this to cap and for the market to reverse lower back to 1.2662, then 1.2502.
Technical Analysis
FX seems relatively slow but has anyway showed a muted reaction to improved risk appetite… EURUSD should however find resistance strong in the 1.2820-1.2830 area (if not, then at 1.28551.2880)…
Global Technical Watch – Two trends among ranges
Among several markets that are trading near their levels of two weeks ago, two standouts that have trended more strongly are the Shanghai Composite and USD/JPY.
Daily Market Technicals
EUR/USD: Back Below 200-Day Moving Average. The pair is back below the 200-day moving average and more importantly trades below the 21-day moving average and 1-month resistance line at $1.2836/52, respectively.
Asian Currencies Technicals
AUD/USD: Upper Bollinger Expected To Cap Today. The sharp bounce from Friday’s spike below the 200-DMA continued to start the week and has seen immediate focus return to tests of the 21 day upper Bollinger band. Back below hourly support at $1.0363 is needed to relieve current topside focus and see Oct monthly lows come […]
FX Daily Majors
Today’s highlights: – EURUSD: Range bound between the 1.2803/44 resistance zone and support at 1.2662. We continue to look for 1.2844 retracement resistance to cap, with risk to 1.2502.
Technical Analysis
USD/JPY set back risk, €/£ bear flag, NOK/SEK lower… EUR/USD Seeking a sell ahead of 1.28… USD/JPY Bearish divergence… EUR/GBP Next attempt lower underway…
Daily Market Technicals
EUR/USD: Outlook Remains Bearish Whilst Below 200-DMA. The pair suffered a minor break below $1.2695 intra-day Fibonacci level — 76.4% of $1.2662 to $1.2802 and decisive break is seen extending downside to the 21-week moving average at $1.2658 and $1.2633/48, where latter is the 100-day moving average.
Asian Currencies Technicals
AUD/USD: Spikes Below Lower Bollinger Expected. Friday’s move lower pulled up just short of the 21 day lower Bollinger band before recovering a little lost ground into the close.
USD/CAD – consolidating below critical long-term resistance
The short-term trend is clearly up in USDCAD but price the rally is showing signs of weakness with a bearish divergence near the 150dma; this is also a key resistance from Feb/Apr this year and a big 50% retrace zone.