Technical Analysis
FX Daily Crosses
Today’s highlights: EUR/GBP: Failure ahead of .8078 at .8067 sees the market reverse lower again. A break below .8000 support however would see risk back to .7961/60. Through here sees .7923/12.
FX Daily Majors
Today’s highlights: EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
Daily Market Technicals
EUR/USD: Outlook Remains Bearish Whilst Below 200-DMA. Outlook remains bearish whilst below the 200-day moving average, which is today valued at $1.2810.
Global Technical Watch – JPY weakness dominates activity
JPY weakness continues to dominate trading into the end of the week. Important levels are being tested and we are monitoring the weekly cloud top in USD/JPY at 80.82, as a close above here would signal further material weakness for JPY in the weeks ahead.
Technical Analysis
EURUSD was allowed to sneak a bit higher, but is for now stuck at resistance around 1.28, but over it would also allow for 1.2840 – 1.2773\95 before down…
Asian Currencies Technicals
AUD/USD: Overall Focus Now On Oct Monthly Lows. The pair has taken out the previously mentioned $1.0330-80 support region with the close below the 21-DMA, 100-DMA, rising daily channel base and Ichimoku cloud now shifting overall focus to retests of the Oct monthly lows.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes 1.2791 resistance. Scope for a brief prod above here to the 38.2% Fibonacci retracement hurdle of 1.2844, which should then cap.
Technical Analysis
Yen is notably weaker at the same time as S&P500 is accelerating lower, so little bit of a mixed picture there it seems… EURUSD is doing less, but could still extend the ongoing near-term correction somewhat higher (to test the 1.28-handle)…
Global Technical Watch – Risk relapse and profit taking
Risk assets came under pressure yesterday. US equities broke down through recent range lows and hard assets such as copper and aluminium posted bearish days, with the “shooting star” in aluminium suggesting a top.
Daily Market Technicals
EUR/USD: Bulls Break Above 38.2% Resistance. The pair broke above the 38.2% retracement of the Jul/Sep rally at $1.2741, however selling pressure forced the pair back below.
Asian Currencies Technicals
AUD/USD: Layers Of Support Back In Focus. The AUD/USD reversed sharply from a spike above the 21 day upper Bollinger yesterday and put in a bearish key day reversal, but this means little until the pair takes out layers of support in the $1.0330-80 region.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Threatening short term resistance at .8033 after defending the .7961/0 support zone yet again. Increasing signs of basing, but above .8033 required for .8078.