Technical Analysis
FX Market Technical Research
EUR/USD: Focus on Fibonacci Level, 21-DMA. The daily stochastic study forms a bear-cross, while 10-day momentum is flirting with the zero line, keeping bear’s attention on the 21-DMA, which rises to $1.2274.
Asian Currencies Technicals
AUD/USD: Double daily bottom with stops below. A double daily bottom is now in place just below $1.0500 with stops noted below. Overall we continue to look for a move below the Aug 2 lows to confirm an end to the move higher and see focus shift back to tests of 200 and 100 day […]
FX Daily Majors
Today’s highlights: * EURUSD: Correction holds above key 1.2200/09 support zone keeping short-term upward trend intact for now. We remain positive over the short term for 1.2598.
FX Daily Crosses
Today’s highlights: * EURGBP: The break of trend support now at .7955 keeps the bias lower to .7790 ahead of .7755/40. * EURJPY: The focus turns to trend support at 95.90. Capitulation through here would see bearish forces mount for 94.92 ahead of 94.11.
Technical Analysis
More €uro weakness, JPY strength lurking… EUR/USD Mid body support still valid… USD/JPY Getting ready to decline… EUR/SEK More support coming up… NOK/SEK Time to look for fresh bids… EUR/NOK About to end the congestion.
FX Market Technical Research
EUR/USD: Tests 21-Day Moving Average. The pair tested Fibonacci level at $1.2445 before pulling back. The daily stochastic study now threatens turning lower from close to overbought territory, while 10-day momentum is flirting with the zero line.
Asian Currencies Technicals
AUD/USD: Cracks appearing in trend higher. Sharp dip Friday combined with overbought daily tech studies and failures ahead of the March 19 high could be indicating its time for a pullback for the AUD/USD. Back below the Aug 2 lows is needed to shift focus away from higher levels and back to retests of the […]
FX Daily Majors
Today’s highlights: * EURUSD: Break through 1.2326/37 support zone allows for a deeper set back within the current corrective uptrend, but we look for this to gain traction at 1.2209/00.
Technical Analysis
EUR eroding support, bonds point at risk aversion… EUR/USD At the mid body support… EUR/SEK Deeper into hourly divergence… NOK/SEK Impulsive setback… EUR/NOK Congestion… EUR/PLN Mixed signals.
FX Market Technical Research
EUR/USD: Tests 21-Day Moving Average. The pair tested Fibonacci level at $1.2445 before pulling back. The daily stochastic study remains firm, but 10-day momentum is declining and forming a bear-cross as the euro faces the 21-day moving average at $1.2266.
Asian Currencies Technicals
AUD/USD: Consolidates ahead of resistance. Marginal fresh 4 month highs once again for the AUD/USD as it continues to pause ahead of the March 19 highs.
FX Daily Majors
Today’s highlights: * EURUSD: Market holds the 38.2% retracement support at 1.2326. We expect the market to continue higher through 1.2444 to 1.2598 78.6% retracement resistance.