Technical Analysis
FX Daily Crosses
Today’s highlights: – EUR/GBP: Neckline/trendline break above .8103/15 paves the way for further strength to .8157 and then .8263 – the 38.2% Fibonacci retracement.
FX Daily Majors
Today’s highlights: – EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline resistance in the interim.
Global Technical Watch – EUR recovery
Bullish signals (in favour of lower yields) in Italian 10y yields are one of the catalysts for returning optimism for the EUR. Italian 10y yields are now threatening a range base that has been in place for over a year, and a move below this range would likely be yet another EUR-positive signal.
Technical Analysis
The euro looks a little stronger now and defensive currencies like USD & JPY have to dodge. EURUSD could set a fresh >1.3173 high – at least barring a <1.2825 counterbreak… Below 78.60 would hurt the dollar against it’s index…
FX Market Technical Research
EUR/USD: Focus Turns Higher Towards May Resistance Line. The pair spikes higher, straight through the Sept 17 resistance line to challenge the upper Bollinger band.
Asian Currencies Technicals
AUD/USD: Initial Resistance Continues To Cap. The Oct 11 highs confirmed their significance as initial resistance overnight with the pair failing just ahead.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Poised to breakout above .8103/15 resistance, as support at .8022 continues to hold firm. We expect an extension higher to challenge .8157 initially.
Market Spotlight: USDJPY bases out for back to 80.60
Market has broken above the 78.89 resistance hurdle signalling an intermediate trendline break and bullish base. We see risk of an advance higher to 80.56/63 eventually.
FX Daily Majors
Today’s highlights: – EURUSD: Support is found at 1.2891 turning the focus higher again for through 1.3011 to challenge the 1.3074 hurdle initially.
Technical Analysis
Most markets seem tucked into ranges – EURUSD inside 1.2825-1.3072 is no exception… EURJPY is allowed to lift to test resistance on slightly better risk appetite…
FX Market Technical Research
EUR/USD: Daily Bolli Bands Narrow, Focus On Sep Resistance. EUR/USD ranging sideways within a flag pattern, while the daily Bollinger bands begin to narrow indicating decreased volatility.
Asian Currencies Technicals
AUD/USD: 200-DMA Key Topside. The bounce from session lows overnight fell just short of the 100-DMA ($1.0273) with above the Oct 11 highs needed to relieve the downside pressure and bring the 200-DMA back into focus.