Technical Analysis
Global Technical Watch – Sifting through ranging markets
Although several major currency pairs are rangebound, some Asian currencies have maintained a consistent appreciation trend against the USD.
Technical Analysis
Actually not much to report with most markets remaining sidelined. EURUSD an unexpected bounce but still seen as a corrective one, EURGBP this morning slipping out of the bear flag, USDJPY ending a volitile day in the middle of its range,
FX Market Technical Research
EUR/USD: Golden-Cross About To Be Formed. The pair trades back above the former Jul support line after the pair rebounded from the previous two session’s lows.
Asian Currencies Technicals
AUD/USD: Struggling Ahead Of Oct 18 High. The AUD/USD has had another bounce towards the Oct 18 highs but has again failed to close above which is needed to retain topside focus.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding higher from .8000 support. We expect renewed selling interest to weigh on the market at .8100 resistance, with risk skewed lower to .7986 initially.
FX Daily Majors
Today’s highlights: – EURUSD: Decline lower persists for now, with the market threatening a top through 1.2863/35/03. We expect this support cluster to be targeted today. Below sees 1.2740.
Technical Analysis
EURUSD slowly but steadily eroding support and we still watch the 1.2883/93 support with great interest. USDJPY another QE and this time halflife….
FX Market Technical Research
EUR/USD: Trades Under Former July Support Line. The pair slips below the July support line to hover around the $1.2900 level, while daily tech studies continue to point lower.
Asian Currencies Technicals
AUD/USD: Layers of Support Noted. The AUD/USD continues to look heavy following the recent failures to test the Oct 18 highs but with the 21-DMA ($1.0286), rising daily channel base and the pivotal $1.0290 level supporting, we will continue to look for a close below to return focus to retests of the Oct monthly lows.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Oscillating around the 38.2% retracement. Some further downside risk is expected to the .7980 channel support level. But we look for this to hold.
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound for now, between 1.2803 support and resistance at 1.3140. Friday’s doji reversal warns of a rebound higher within this range back to 1.3024.
Technical Analysis
Some interesting action taking place on Friday with especially a bearish key day reversal in USDJPY and a bearish key week reversal in EURGBP noted. OIL also looks like its ready taking a dive.