Technical Analysis
Asian Currencies Technicals
AUD/USD: Dips Below 21-DMA. The AUD/USD managed a dip below the 21-DMA ($1.0383) and currently trades inside the Ichimoku cloud.
Technical Analysis
EURUSD drifting lower in a non trending mode, JPY is more than recovering yesterday morning losses, AUDUSD is making downside progress after the Thu-Mon top formation,
FX Market Technical Research
EUR/USD: Break Of Initial Support Favoured. The EUR/USD remains heavy as daily tech studies unwind their very overbought condition with the pair looking like retesting the Sept 14 lows.
Global Technical Watch – Quick Charts (Sep 20)
The break lower in crude oil warns of further near-term weakness. In FX, this turns our attention to the CAD, where net speculative positioning has built up to historical highs.
Asian Currencies Technicals
AUD/USD: 200-DMA Test Remains Favoured. The AUD/USD continues to oscillate around the Ichimoku Cloud top ($1.0441) as it treads water just above the 21-DMA.
Technical Analysis
EURUSD could extend losses towards 1.2970, but this draws no headlines – which USDJPY does better, while breaking the recent 79.04 high (on BoJ “QE”). Next target at 79.66 now in sight…
FX Market Technical Research
EUR/USD: Tech Studies And Trend Line Capping. It appears as though a combination of the long term falling trend line capping and now correcting very overbought daily RSI, Slow Stochastic, Momentum and DMIA studies are weighing on the pair and could see a push back towards the 200-DMA.
Global Technical Watch – Quick Charts (Sep 19)
Following a strong run higher earlier in September, the S&P 500 is taking a breather. The lower volume on the pullback is a healthy bullish sign, as is gold’s orderly, stair-step move higher on intraday charts.
Asian Currencies Technicals
AUD/USD: Focus Now On 200-DMA Tests. Very overbought daily RSI, Slow Stochastic and Momentum studies appear to be taking their toll on the pair with the immediate focus now on tests of the 200-DMA.
Technical Analysis
EURUSD is allowed to pause the otherwise paced move higher. Levels at 1.3060 or possibly even 1.2975 could be rechecked… EURJPY has rushed higher, but also a touch too fast.
FX Market Technical Research
EUR/USD. Although marginally managing fresh 4 month highs to start the week the EUR/USD remains capped by the long term falling daily trend line off 2011 highs from May 4 coming in around $1.3180.
Global Technical Watch – Quick Charts (Sep 18)
The Asia dollar index broke higher, still following the path of gold as noted earlier this month in the Emerging Markets Technical Strategy – ADXY trying for gold.