Technical Analysis
Daily FX Technical Strategy: Yen benefits from equity woe
Global equity markets are coming under selling pressure once more and as the outlook for risk deteriorates investors are becoming more defensive.
Technical Analysis
Buy dollars, yen and nok/sek. Sell equities… EUR/USD Eyeing next the 1.2435 supp… USD/JPY Bearish key day reversal… AUD/JPY Rejection from ma bands… EUR/SEK Higher but still within range…
Asian Currencies Technicals
AUD/USD: 2012 lows now the overall focus. Break below parity to start the week fell just short of a retest of the 21 day MA with lower levels now favoured until the pair can manage a close above the $1.0077-1.0140 resistance region.
Technical Analysis
Dollar back in the driver’s seat. Commodity slump… EUR/USD Bear flag exit… AUD/USD More evidence of a peak… EUR/SEK Spiked below the Jan line… USD/SEK Returning bull… EUR/NOK So far responding to support… EUR/HUF Topside focus.
FX Market Technical Research
EUR/USD: Finds Support at 21-DMA. The euro sees a bear-cross in the daily stochastic study as the market slides to find support at the 21-day moving average of $1.2522, which meets a 50% retracement of the June rally at $1.2518.
FX Trends daily (FOCUS: CHF/JPY)
CHF/JPY After faltering to clear a major resistance at 84.55 (38.2% retracement of March to June 2012 downward wave and upper bound of a short-term bearish channel), the CHF/JPY has gone back to the decline and should test a support at 82.82 (short-term support trend line). Only a break below this level would signal an […]
Asian Currencies Technicals
AUD/USD: Daily tech studies correcting lower. With the pair pausing ahead of initial support, the $0.9996 level will be key to start the week with focus now on tests of the 21 day moving average.
Technical Analysis (Short Cycle Report): Gold rolling over
Gold is in the early stages of its next big wave down. As long as USD1,641 continues to hold as resistance the probabilities that the crucial USD1,522 support is broken remain high. Cable looks particularly vulnerable to losses, stock markets are cycling lower and the 10-year Bund yield is at a strong resistance zone.
FX Market Technical Research
EUR/USD: Finds Support at 21-DMA. The euro sees a bear-cross in the daily stochastic study as the market slides to find support at the 21-day moving average of $1.2522, which meets a 50% retracement of the June rally at $1.2518.
Technical Analysis
Mr. Riskoff takes center stage – scandies resilient… EUR/USD Correction higher likely ended… USD/JPY Momentous upside attempt… EUR/SEK Krona likes Mr. Riskoff it seems… EUR/NOK Extending losses… USD/PLN Gunning for a +3.4945 break.
Technical Analysis
Commodities falling sharply, OIL falling through its trapdoor (ending the week here and we will be looking for the mid 70’s). Accordingly commodity ccy’s should suffer so watch out for AUD selling (not to mention russian equities, that’s a head and shoulders top!).
FX Trends daily (FOCUS : GBP/AUD)
GBP/AUD After declining on the last week, the GBP/AUD has bounced on a support at 1.5373 (50% retracement of February to May 2012 upward wave). Over the coming trading sessions, the cross should extend its recovery towards 1.5565, and possibly towards 1.5684 (23.6% and 38.2% retracements of May to June 2012 downward wave). Alternatively, breaking […]