Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Reversal lower from 1.3084 results in a minor top through 1.3011/12 support. The focus is now on 1.2891/85 chart/trendline support.
Technical Analysis
The euro gave a lot of it back again yesterday while the dollar gained ground… EURUSD under 1.3000/93 has reopened the low-1.28s (1.2805/04) again…
FX Market Technical Research
EUR/USD: Finds Support From 21-Day Moving Average. The pair moved below the former Sep 17 resistance line and bounced from support around the 21-DMA, now initial support at $1.2966.
Asian Currencies Technicals
AUD/USD: Below $1.0290 Shifts Focus Lower. Last week’s move above the 200-DMA has been reversed with the break and close back below the pivotal $1.0290 level confirming.
Global Technical Watch – USD/JPY stands up and stands out
USD/JPY is maintaining its bid following bullish signals (daily cloud break) noted last week and even the equity drop on Friday was not enough to catalyse a pullback.
Technical Analysis
The euro looks a bit healthier this morning with gains scored against dollar, yen, pound, the kronas and the CEE3s…
FX Market Technical Research
EUR/USD: Moving Sideways After Dark-Cloud Cover Pattern. The pair ranges between the May 1 trend-line and the former Sep 17 resistance line as we wait to see in which direction a new trend will emerge.
Asian Currencies Technicals
AUD/USD: $1.0290 Remains Key. Although AUD/USD remains heavy it does continue to remain above the key $1.0290 support level with the 100-DMA noted around the $1.0305 level.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Consolidating ahead of the .8157 chart resistance hurdle. We remain bullish going into this week, with risk through .8157 to .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
Global Technical Watch – CAD squaring
The US equity market peaks formed over the past month are proving difficult to overcome and some barometers of global growth are also struggling along with this.