Technical Analysis
Technical Analysis
Mr. Riskoff stands in the wings – with QE hopes lingering… EUR/USD Bearish candle neutralized… AUD/USD Momentous correction… EUR/SEK Same old range… USD/SEK Was refused a lift… EUR/NOK Could possibly stretch for ~7.57… USD/NOK Still on top of support… USD/JPY 79.15 a must watch.
FX Market Technical Research
EUR/USD: Daily Studies Stalling The euro sees the recent positive daily studies stalling ahead of overbought territory as the market fails to extend the $1.2748. Bulls remain focused on extending that high past the $1.2786 Fibonacci level, while bears want to turn attention back to the $1.2533 21-day moving average. Initial support comes from the […]
Technical Analysis (Short Cycle Report): Hope is fading fast
Yet another reversal day on supposed “good news” is more technical analysis evidence that hope is fading and the “risk off” wave is about to accelerate. Bearish engulfing / outside days in EUR-USD, Euro Stoxx and the 10-year Bund yield suggest imminent moves down. Gold is at an important pivot point.
Technical Analysis
Key-day reversals were yesterday printed in many major markets, indicating that the post Greek election fast faded. EURUSD & Co. ought to build up renewed downside (USD bullish) momentum, perhaps with the aussie being a tad more resilient as it looks like AUDUSD must test 1.0170\1.0250 before turning south again.
Technical Analysis
EUR correction running late, NOK weaker… EUR/USD In the midst of the target area… USD/JPY Worth keeping en eye at… EUR/SEK Hovering above support… USD/SEK Firming support… EUR/NOK Another key day reversal… NOK/SEK Back to the drawing board.
Technical Analysis: Short Cycle Report: Oh dear Gold
Gold sports a potentially bearish wave structure that could see the crucial USD1,522 support level broken. The 10-year Bund yield has strong resistance at 1.64%, the USD is marking time before another leg higher and stock markets are on the cusp of another wave down.
Technical Analysis
EURUSD slowly edging higher in what seems to be a corrective move, CABLE still looking offered in the high 1.55’s, EUR/scandies pushing on the low side but sustainability breaking lower should be poor, we think,
Daily FX Technical Strategy: Buy the rumour sell the fact
The release of US NFP last Fri triggered a wave of optimism and risk short covering. Gold was the first market to respond but yesterday it was sold aggressively and most of the gains extinguished. Concurrent events suggest a classic buy the rumour sell the fact pattern around hopes of a fresh round of US […]
FX Market Technical Research
EUR/USD has now hit our upside target at 1.2625, the January low. This has stalled the currency pair. A minor retracement back towards the 1.2500/1.2450 area should now be seen before the current retracement higher continues.
Technical Analysis
Spain’s fall from grace spurs another bear race… EUR/USD Correction target respected… EUR/SEK Failed upside move rouse bears… USD/SEK Enjoying “Ichimoku” support… EUR/NOK Another topside failure… EUR/PLN Deep correctional setback.
Technical Analysis: Short Cycle Report: The trend is your friend
The bounce in “risk” is a natural part of the bear market cycle but the overall trend remains down for stocks and up for the US Dollar. EUR-USD has resistance between 1.2589 and 1.2623 but a bounce as high as 1.2824 cannot be ruled out. The S&P 500 has resistance between 1334 and 1340. Bond […]
Daily FX Technical Strategy: Short covering continues
A risk revival gathered pace yesterday as short covering continued across asset classes. Commodity currencies rallied on heavy volume and a completed Double Bottom in NZD/USD implies further marginal upside this week. USD/JPY is in the spotlight today as once again it attempts to close above its 21 day average, for the first time since […]