Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Rebound higher brings the market back up to throwback resistance at 1.2875 as anticipated. Some overshoot above here expected, but we look for 1.2907 to cap.
FX Market Technical Research
EUR/USD: Back Above 200-DMA As Daily Tech Studies Rise. The pair rebounds slightly from the lower daily Bollinger band, also initial support at $1.2783.
Asian Currencies Technicals
AUD/USD: Focus Turns To Sept Monthly Highs. The close above Friday’s highs sees overall focus turn to retests of the Sept monthly highs.
A monthly run through the long-term charts
The euro is still facing headwinds and German yields are still trending lower The ECB EUR index has been allowed a correctional lift to re-check into the lower end of the still sharply falling 12mt Moving Average band, which represents resistance together with a 2009-2012 descending top line and the 2010 lows near the 100-mark.
Daily FX Technical Strategy: USD/JPY turns as US tens beak down
Recent moves in rates markets are spurring activity in FX space. The downside break in US 10y yields signals a further pullback within range.
Technical Analysis
The dollar goes into Election Day on a firm footing… Or is the euro that is weak? Either or, EURUSD looks set to extend losses into next support at 1.2748-41…
FX Market Technical Research
EUR/USD: Bears In Control And Trades Beneath 200-DMA. The pair tests the limit of the lower daily Bollinger band, initial support at $1.2781 while daily tech studies remain bearish.
Asian Currencies Technicals
AUD/USD: Lower Levels Remain Favoured. The pair recovered a little lost ground yesterday but currently remains capped at the $1.0370 level and needs to close above Friday’s highs to return focus to retests of Sept monthly highs.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Trendline break through .8000/.7990 paves the way for further downside risk to .7923/12 chart/61.8% retracement support.
FX Daily Majors
Today’s highlights: – EURUSD: Market completes a top through neckline support at 1.2870, while also prodding below the 200-day MA. We see risk to 1.2740. Below here exposes 1.2502.
Global Technical Watch – Unease in sentiment
With the US presidential election drawing to a close, investors are turning more cautious. Recent gains in the S&P 500 were unsustainable and EUR/USD also slumped back to its 200-day average.
Technical Analysis
Last week we saw the greenback ending on the strong side and equities, eur, jpy and commodities on the weak side. We are mainly looking for more of the same given that EURUSD has violated 1.2825 = sub 1.2804 (possible 1.2770 enough for the day), USDJPY stronger resistance 80.68/85,