Technical Analysis
FX Market Technical Research
EUR/USD: Bears Eye July Support Line. The pair was turned away from the 21-DMA and also found support from the Jul support line, initial resistance and support, respectively, at $1.2972 and $1.2908.
Asian Currencies Technicals
AUD/USD: $1.0290 Remains Pivotal. The AUD/USD confirmed the significance of the $1.0290 support level to end last week with the pair bouncing back towards the Oct 18 highs.
Technical Analysis
$/scandies on the verge of breaking higher… EUR/USD Double top gaining cred.. USD/JPY Longs – beware!… USD/NOK A very bullish setup… EUR/SEK Meandering higher… USD/SEK At the neckline… GBP/SEK Broke up from the range… EUR/NOK Pause? – then 7.4995
FX Daily Majors
Today’s highlights: – EURUSD: The focus remains lower within the current range, with risk to 1.2885/60 support zone, where we look for buying interest to emerge.
FX Market Technical Research
EUR/USD: Bears Focus On July Support Line. The pair approaches the Jul support line, now initial support at $1.2895, alongside the 23.6% Fibonacci at $1.2906.
Asian Currencies Technicals
AUD/USD: Focus Remains Higher For Now. The $1.0290 level remains key support to end the week with a close below needed to relieve the current topside focus following the past two days of higher highs and lows.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Reversal lower results in a break below .8099/90. We see scope for a bit more weakness, but we look for .8022 chart support to hold, with broader risk still for .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Support minimally found at 1.2920, however, the risk is for a test of the 1.2891/85 support zone still, where we envisage renewed buying interest for back to 1.3140/72.
Technical Analysis
Bit of a split risk universe with commodities and equities weak whereas commodity currencies such as AUD stronger, JPY weaker and the greenback doing nothing in index terms.
FX Market Technical Research
EUR/USD: Focus Turns To 23.6% Fibo And July Support Line. The pair looks to correct further, focus on the 23.6% Retracement support level at $1.2906, as daily tech studies turn bearish.
Asian Currencies Technicals
AUD/USD: Focus Returns To Oct 18 Highs. After heading higher once more the AUD/USD found support on a dip back to the $1.0290 level which again becomes initial support.
FX Daily Crosses
Today’s highlights: – EUR/GBP: In corrective mode but expected to be short-lived, and supported by .8098/90. We remain buyers on dips for through .8166 to .8221 and then .8263.