Technical Analysis
Daily FX Technical Strategy: No base yet for AUD
Base metals look to have completed their recent recovery bounce and the subsequent downturn is expected to keep the focus lower for AUD.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The .7950/64 barrier continues to cap and only above it would signal a base. * EUR/JPY: The stalemate sees prices in a range, but while trend support at 97.30 is intact recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
FX Daily Majors
Today’s highlights: * EURUSD: Still probing 1.2593/8 key Fibonacci resistance cluster. Whilst below here, our bias remains skewed to the downside for back through 1.2431 to 1.2399
Technical Analysis
No major moves found overnight with the EUR going nowhere, however the Antipodeans continues to lose ground, printing three wave corrective patterns on each and every upside attempt (60 min chart),
FX Market Technical Research
EUR/USD: Risks Fade Ahead of 100-Day Moving Average. The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support, although the daily studies are showing some signs of fading.
Global Technical Watch – Quick Charts (Aug 30)
The turn lower in the gold/silver ratio is potentially telling of investor expectations. Such a trend was seen more sustainably in 2010 and 2008 when asset purchases were announced.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The spotlight remains on the .7950/64 barrier. * EUR/JPY: The deadlock continues, but while trend support at 97.30 holds, the recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
Daily FX Technical Strategy – EUR squeeze is not yet a game changer
FX volumes picked up yesterday following the long weekend in the UK but remain at levels that suggest the summer doldrums will persist this week into the month end.
FX Daily Majors
Today’s highlights: * EURUSD: Rebound brings the market back up towards the 1.2593/8 resistance hurdle. Whilst below here the bias remains lower for 1.2431, then 1.2337
Technical Analysis
The euro got a boost and the krona gives back gains… EUR/USD High session close points up… EUR/SEK Downside potential questioned… GBP/USD Trendline support confirmed… USD/SEK Focus back at upside in wedge…
FX Market Technical Research
EUR/USD: Bulls Eye 100-Day Moving Average. The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support.
Global Technical Watch – Quick Charts (Aug 29)
The lower break in the Shanghai Composite last week is having a bearish ripple effect across Asian currencies. On the TRENDS Heatmap, underperformance of EM Asian and the AUD, NZD are standouts.