Technical Analysis
Daily Market Technicals
EUR/USD: Bulls Require Break Above 38.2% To Gain Control. The pair falls through the 38.2% retracement level of the Jul-Sep rally and now retests this level as resistance at $1.2741. Bulls require a move back above the 38.2% level if they wish to regain control.
Asian Currencies Technicals
AUD/USD: Test Of Key Support Region Likely. The $1.0330-50 region remains key support with a close below expected to see stops triggered and focus turn to tests of the Oct monthly lows.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Downside risks remain for a turn lower to the .7923/12 support. – EUR/JPY: The bearish extension below former trend support now at 102.40 reinforces a top for 100.16/99.36.
FX Daily Majors
Today’s highlights: – EURUSD will ideally hold below 1.2875/86 to maintain its top, for a decline to 1.2502/1.2474. – USDCHF is expected to hold support at .9380 to maintain its base, for further strength to .9503 next.
Technical Analysis
More CAD (& NZD) weakness, JPY up, weaker equities… EUR/USD Still supportive forces at play… USD/JPY Testing key support… USD/CAD Attempting to break 1.0020… EUR/SEK Low end of support zone… USD/SEK Sliding back into the 55d band… EUR/NOK Overextended decline.
FX Market Technical Research
EUR/USD: Bears Require Break Below 38.2% Fib To Maintain. Price action today trades just above the 38.2% Fibonacci, initial support alongside the daily bollinger band base, at $1.2723/41.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Selling pressure has extended and beneath .7984/78 would see a more bearish turn for .7923/12.
FX Daily Majors
Today’s highlights: – EURUSD completes a bearish “outside range” day, but needs to remove 38.2% retracement support at 1.2740 to reinforce the top. – USDCHF stages a strong recovery to maintain its base, and we look for further strength to .9503 next.
Technical Analysis
$ surge, commodities, CAD, NZD & equities lower… EUR/USD Strong resistance rejection.. CAD/JPY Bearish key day reversal… EUR/SEK Entered support zone… USD/SEK Another failed neckline test…
FX Market Technical Research
EUR/USD: Bears Eye 38.2% Fibonacci, Initial support. The pair rebound fizzled out as it met strong selling at the 55-DMA to close near the 38.2% Fibonacci retracement of the Jul to Sep rally, now initial support with the lower daily Bollinger band at $1.2741/43, respectively.
Asian Currencies Technicals
AUD/USD: $1.0330-50 Region Key Support. Fresh 4 week highs for the pair yesterday with initial support now seen at $1.0418, although the $1.0330-50 region remains key with 21, 100 ($1.0347) & 200-DMA’s ($1.0335) clustered in this region as well as a double daily bottom ($1.0332-34).
FX Daily Crosses
Today’s highlights: – EUR/GBP: Gaining traction at .7984/78 support, and after the removal of .8014 we see scope for risk towards .8078 once again. Above creates a base for .8166 again.