Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding from support found at 1.2662 and threatening trendline resistance located at 1.2742. We look for a break above here and extension towards 1.2877, which should then cap.
Currency Weekly: SEK: Still seksy
The main factor behind recent SEK weakness has been the change in Riksbank policy in response to weakening activity data. The repo rate was cut by 25bp in September to 1.25%, and a further cut to 1.00% is possible at the December meeting.
Technical Analysis
EUR/scandies moving higher to re-check resistance… EUR/USD Correcting towards 1.2770… EUR/CHF Testing SNB’s resolve again… EUR/JPY Could re-check 102… EUR/SEK Bid in rangy environment..
Daily Market Technicals
EUR/USD: Consolidates Below 38.2%, Bulls Need Break Higher. The pair continues to retest the 38.2% retracement as resistance, slow stochastics is approaching oversold levels and daily studies are beginning to look neutral.
Asian Currencies Technicals
AUD/USD: Focus Remains Topside For Now. AUD/USD has taken out initial resistance at $1.0440 with a close above needed to maintain focus on the rising daily channel top around $1.0545 and then Sept monthly highs above.
EUR/USD – Wave 5 of C is completing a bullish wedge at 150dma
The 5-wave decline from 1.3140 has yet to signal a reversal higher. A hammer/doji today would confirm the pattern (one is in the process of forming).
Technical Analysis
The dollar retains the upper hand… EUR/USD Below 1.2670 => 1.2619/04… USD/JPY Risks testing the mid/low-78s… GBP/USD Likely to extend losses…
Daily Market Technicals
EUR/USD: Fades From 38.2% Level, Daily Boll Bands Wider. The pair continues to trend lower and approaches the 100-DMA, initial support at $1.2641.
Asian Currencies Technicals
AUD/USD: Bounces From Key Support Region. The $1.0330-50 region remains key support with the AUD/USD bouncing back towards the Nov 7 and 8 highs to start the week.
FX Techs
At a glance: Game change EUR/USD seems to be one step ahead in this context as key-support at 1.2775/70 (int. 38.2 %/C=A) is decisively broken so that the odds are clearly in favor of a deeper setback to 1.2542 (Fib.-projection) and to 1.2309 (int. 76.4 %) now, whereas recoveries would have to clear 1.2816 (minor […]
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding from the 50% retracement at .7960, but the risk remains lower for .7923/12 initially, whilst capped by .8033.
FX Daily Majors
Today’s highlights: – EURUSD: Downtrend continues lower, and after the break through 1.2740 the focus now shifts to the 1.2502/1.2474 support cluster.