Technical Analysis
FX Market Technical Research
EUR/USD: Breaks And Closes Below Jul Trendline. Large dark candle on Friday reaffirms the bearish trend, despite the golden-cross posted on Thursday.
FX Daily Majors
Today’s highlights: – EURUSD: Reverting to the 1.2882/70 support zone. We expect the market to break below here as well at 1.2803, to challenge the 1.2740 – 38.2% Fibonacci retracement.
Global Technical Watch – A stubborn bid in USD/JPY
Heading into NFP and the US presidential election, uncertainty in the markets is likely to keep EUR/USD range bound. The market is in the middle of a 1.2800/30 to 1.3025 range and lacking meaningful traction.
Technical Analysis
The dollar holds the upper hand despite improved stock market sentiment… EURUSD is still thought to test the mid/low-1.28s, while USDJPY is expected to take out the recent 80.38 high, for extension towards 80.56\63…
FX Market Technical Research
EUR/USD: Studies Firming, Continue To Note Golden-Cross. We continue to note the golden-cross of the 55-DMA and 200-DMA, now initial support alongside the lower Bollinger band and Oct 11 low around $1.2826 to $1.2850.
Asian Currencies Technicals
AUD/USD: Testing Oct 18 Highs. The AUD/USD managed to come within a pip of the Oct 18 highs with a close above needed to maintain overall bullish focus and keep hopes of a retest of the Sept monthly highs alive.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Decline lower persists, with the market breaking immediate trendline support at .8020. We expect a continuation lower to .7923/12.
FX Daily Majors
Today’s highlights: – EURUSD: Doji reversal yesterday and defence of the 1.3024 chart resistance hurdle points to a return to challenge the 1.2882/70 support zone. We expect lower to 1.2803
Technical Analysis
It’s not overly exciting out there at the moment… EURUSD & EURJPY shows diverging directionals this morning with the former below 1.2945 would target the high-1.28s while the latter over 104.05 & 104.43 would target levels above last month’s high…
FX Market Technical Research
EUR/USD: Golden-Cross Formed, Daily Studies Turn Higher. The pair again holds above the Jul support line, initial support with the 5-DMA at $1.2945.
Asian Currencies Technicals
AUD/USD: Dip Back To $1.0290 Favoured. The AUD/USD continues to fail ahead of the Oct 18 highs with a close above needed to see a bullish focus maintained that has potential for a retest of Sept monthly highs.
FX Daily Majors
Today’s highlights: – EURUSD: 1.2885/2 support holds for a fourth time. Despite this the market remains capped by 1.3024 and therefore within a downtrend. We see risk through 1.2885/68 to 1.2740.