Technical Analysis
FX Market Technical Research
EUR/USD: Mixed Daily Studies. The pair is back under the 21 and 5-day moving averages of $1.2230/34 as the daily stochastic study turns weaker but 10-day momentum attempts to recover the zero line.
Asian Currencies Technicals
AUD/USD: Spike lacks follow through. A whippy past 24 hours for the AUD/USD with a spike above the upper 21 day Bollinger band to fresh 4 month highs lacking follow through.
Technical Analysis
Commodity FXers, scandies & dollar favored… EUR/USD One down (Fed) two more to go… EUR/GBP Move higher corrective – so far… USD/JPY Small bullish step taken… EUR/SEK Lowering target to mid-8.2s… EUR/NOK Grinding into the recent lows.
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The bulls-crossed 21 and 5-DMAs provide initial support/resistance at $1.2248/75 as the daily stochastic study continues to recover.
Asian Currencies Technicals
AUD/USD: Fails at the $1.0556 hurdle. Following yet another fresh 4 month high the AUD/USD reversed sharply from just short of the Mar 27 highs that were initially targeted.
Technical Analysis
Waiting for the Fed today and ECB (& BOE) tomorrow… EUR/USD Into a final correctional high… EUR/JPY Lagging EUR/USD… EUR/GBP Could also stretch for ~0.7910… EUR/SEK Rechecking resistance… EUR/NOK Sits below mid-body resistance… EUR/HUF U-turned at trendline support.
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The euro recovers the 21-day moving average of $1.2264, which turns support and makes a bull-cross with the 5-DMA at $1.2290 as the daily stochastic study continues to recover.
Asian Currencies Technicals
AUD/USD: Focus remains on higher levels. Oscillation around the rising 21 day upper Bollinger band continues ($1.0515) as the pair edges closer to the March 27 highs with overall focus remaining on tests of the $1.0856 2012 highs.
Technical Analysis
Commodity FXers & scandies live lives to the edge… EUR/USD Mid-body support confirmed… EUR/SEK Offered into that stretch again… AUD/USD Headed for ~1.07 it seems… EUR/NOK Earlier upmove likely a fluke… NOK/SEK +1.1270 recoil within downtrend.
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. COMMENTARY: The euro holds above the 5-day moving average at $1.2255, testing the 21-DMA at $1.2280 as the daily stochastic study recovers.
Asian Currencies Technicals
AUD/USD: Continues to trade above upper Bolli. The pair continues to make fresh 4 month highs but looks a little ahead of itself as it continues to trade above the rising 21 day upper Bollinger band ($1.0484).
FX Trends daily (FOCUS : AUD/NZD)
AUD/NZD After having cleared a resistance at 1,3030 last week, the cross has started a sharp conolidation but slightly bounced last night on a potential short term support at 1,2911 (short term support line).