Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound going into the ECB. We expect 1.2803 support to hold firm with breakout risk higher for 1.3048 and then 1.3172.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.
Technical Analysis
EURUSD still range bound and as long as holding above 1.2870/80 no top confirmed in place, AUDUSD (& NZDUSD)small congestion before heading lower, underpinned by narrowing int rate spread, lower commodity prices etc, BOE GBP index exit rising wedge = weaker sterling,
FX Market Technical Research
EUR/USD: Attempts Recovery Off 200-Day Moving Average. The pair continues to attempt a recovery from the 200-DMA and minor rising support line at $1.2823/57.
Asian Currencies Technicals
AUD/USD: Pausing Ahead Of Sept Lows. The AUD/USD continued its move lower towards the Sept monthly lows, dipping below the 21 day lower Bollinger band ($1.0207) and closing below the 100-DMA and the 38.2% Fibo of the $0.9584-1.0624 move, all adding weight to the bearish case.
Global Technical Watch – AUD weakening contagion
While the USD stabilises within ranges, the AUD continues to catch the markets attention and AUD/USD is bearing the brunt of recent selling. The weekly cloud base is support to monitor at the Friday close; near term, the market is pushing towards its September lows.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.2960 is capped at 1.2970 for now but broader recovery risk still intact whilst above 1.2803/1.2740 support zone for 1.3172.
Technical Analysis
The aussie seems to be the prevailing underdog now, with SEK & potentially also the GBP set to continue to underperform… EURUSD is stuck in range and FIRMLY outside outside 1.2820-1.2970 is needed to see a directional tilt…
Asian Currencies Technicals
AUD/USD: Potential For Fresh 2012 Lows. The AUD/USD finally managed a close below the 200-DMA ($1.0346) with the immediate focus now on the $1.0168-1.0237 region.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Recovery commences off .7923 support with the market threatening to break out above .8010. We remain bullish for .8115 first.
FX Market Technical Research
EUR/USD: Attempts Recovery Off 200-Day Moving Average. Euro-dollar attempts a recovery from the 200-DMA, which matches a minor rising support line at $1.2823.
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2803 trendline support ahead of the 1.2740 38.2% retracement. We expect a breakout above 1.2838 to allow for risk up to 1.3048 initially, then 1.3172.