Technical Analysis
FX Market Technical Research
EUR/USD: Daily Tech Studies Correcting Lower. The pair continues to edge closer to the 200-DMA as daily tech studies continue to work off their overbought condition.
Global Technical Watch – Quick Charts (Sep 25)
The break lower in crude oil last week is weighing on the market, likely keeping US breakeven rates capped. While WTI crude turned lower from the psychological hurdle near $100,
Asian Currencies Technicals
AUD/USD: 200-DMA Test Remains Favoured. The pair continues to remain heavy with immediate focus on retests of the 200-DMA as daily RSI, Slow Stochastic and Momentum indicators begin to unwind from overbought levels.
Daily FX Technical Strategy: USD double take
The trend to sell the dollar stopped last week and on Friday we saw the first signs of USD demand in two markets where recently it was particularly weak;
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3048 last Friday maintains the downward trend for now, with risk remaining lower to 1.2858/29 support zone.
Technical Analysis
USD and JPY recovering further with more signs of strength in the pipe. EURUSD Friday’s rejected attempt higher indicates that we soon will see an attack at the low end of the 233d ma band, a level that EURJPY managed to end below on Friday (hence remaining a preferred selling canditate)
FX Market Technical Research
EUR/USD: Remains Heavy, Stops Below Initial Support. The Sept 19 highs remain key resistance with immediate focus remaining on retests of the 200-DMA until a close above is seen.
Global Technical Watch – Quick Charts (Sep 24)
Gold left some bearish divergences (weakening momentum) on the last price move higher towards 1790, which is strong resistance at the 2012 peak.
Asian Currencies Technicals
AUD/USD: Friday’s High Key To Start The Week. Friday’s spike to fresh highs for the week lacked follow through and we now look for a close above $1.0518 to start the week as an indication that focus has returned to the $1.0624-90 region.
FX Technical Volume Strategy: NZD/USD bounces on high volume
– Daily volumes remained elevated yesterday with JPY and AUD continuing to attract interest. – NZD/USD investors rejected an attempt to move back into the Aug/Sep range.
Technical Analysis
EUR/USD 233d ma band revisited… EUR/JPY More indications of a top… AUD/USD Not behaving as expected… EUR/SEK Down at support… USD/SEK Exploring the lows… EUR/NOK Spiked below 7.4250… NOK/SEK Deeper into support.
FX Market Technical Research
EUR/USD: Daily Slow Stochastic, RSI, Momentum and DMIA studies continue to correct from lofty overbought levels as the pair makes its way back to the 200-DMA.