Technical Analysis
Technical Analysis
In short: Expectations on ECB action later this week run high… EURUSD has completed a full bullish near-term 5-wave cycle – likely “A” in a broader “A-B-C” correction…
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. The pair holds above the 5-day moving average at $1.2220, testing the 21-DMA at $1.2295.
Global Technical Watch – Quick Charts
US 30y yields posted a bullish reversal on daily charts last week, and on Friday, US 10y yields confirmed the signal by also posting a reversal signal on weekly charts.
Asian Currencies Technicals
AUD/USD: Fresh 4 month highs. Fresh 4 month highs for the pair to end the week sees overall focus on retests of the 2012 highs. The move higher may have gotten a little ahead of itself with the pair having closed above the 21 day upper Bollinger band with further oscillation around the upper band expected […]
FX Trends daily (FOCUS : NZD/JPY)
NZD/JPY The NZD/JPY has rebounded sharply and is set to test the short-term resistance around 63.42-63.60 (retracement and short-term descending channel). Breaking above this level would extend the recovery towards 64.90, possibly 66.53.
Technical Analysis
Euro & €Stoxx recovery could be extended. Watch USD index now!… EUR/USD All in one day or more coming?… EUR/GBP Has some upside catch up to do… EUR/SEK All over the place…
FX Market Technical Research
EUR/USD: Daily Studies Attempt Recovery. The pair recovers the 5-DMA at $1.2180 to test the 21-day moving average, which declines to $1.2310.
Technical Analysis
A second possibly bullish EURUSD candle in three days, is this the first step towards a (correctional) recovery? Well, extension through 1.2224 would open up for at least 1.2325\34 before down again.
FX Market Technical Research
EUR/USD: Daily Studies Attempt Recovery. The pair holds close to the 5-DMA and 50% of it’s post-launch range, which combine at $1.2135.
Global Technical Watch – Quick Charts
Yesterday, S&P 500 futures backed away from support near 1320, as did EUR/USD from the psychological 1.20 level. These important hurdles are unlikely to give way without a near-term struggle. As a result, several EUR crosses took the opportunity to stage a short-term bounce.
Asian Currencies Technicals
AUD/USD: Bullish outside day reversal. A bullish outside day reversal for the AUD/USD yesterday sees immediate focus shift to further range trading within a $1.0180-1.0444 range and renewed hopes of a retest of $1.0444 July monthly high.
Daily FX Technical Strategy – One down, more to follow?
As yields in Italy and Spain start to rise sharply the spotlight appears to be shifting onto classical “risk” indicators. Yesterday NZD/USD completed a Head and Shoulders top and over the rest of the week we are watching to see whether other indicators like the AUD/USD and S&P500 follow the NZD’s lead.