Technical Analysis

FX Daily Majors

Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.

With many ccy pairs having arrived at support/resistance points a clear slowdown in activity noted. EURUSD resting at the low end of the 233d ma, EURJPY on its July support line, CABLE ndecisive with false breaks now on both sides, EURSEK still waiting to pass the neckline,

FX Market Technical Research

EUR/USD: 200-DMA Remains Key To Direction. The pair pulled up just short of the 200-DMA overnight and with daily tech studies no longer an issue and the 200-DMA key support, a close below today is need or else EUR/USD risks a bounce back towards the $1.2972 resistance level.

Asian Currencies Technicals

AUD/USD: Dips Below 200-DMA. The AUD/USD managed a brief dip below the 200-DMA but we continue to look for a close below to ensure the current focus remains on retests of the Sept 5 lows.

Daily FX Technical Strategy: JPY appreciation continues

Overnight profit taking in US equities saw the S&P move back within its multi-week rising channel. This is keeping US bonds bid, which in turn is providing near-term support for JPY.

FX Daily Majors

Today’s highlights: – EURUSD: Corrective downtrend persists after failure last night ahead of 1.2997 trendline resistance at 1.2972. The focus is now on the 1.2858/36/28 support cluster.

Technical Analysis

Mr Riskoff sneaking around… so stronger dollar and jpy in the cards. AUDJPY broke lower passing a first important junction and more selling expected (the rest of the Yen crosses also on a slippery slope. EURUSD sliding towards the low end of the 233d ma band, 1.2845,

FX Market Technical Research

EUR/USD: Continuation Lower Remains Favoured. The slide towards the 200-DMA continues with the pair now having taken out the Sept 13 lows and triggering stops below the $1.2880-90 region.

Global Technical Watch – Quick Charts (Sep 26)

The S&P 500 pulled back into the sessions close yesterday, keeping a bid in US rates markets. While the S&P is still holding above its previous 2012 highs formed in April, the persistent downtrend in US yields is more concerning as 10yr yields approach resistance near 1.62/63%.