Technical Analysis
Technical Analysis
Europhobia prevails… EUR/USD Sellers responded again… EUR/JPY Soon at a fresh short-term low… EUR/GBP Sellers retain an upper hand… EUR/SEK Still respecting support… USD/SEK Bullish triangle (or flag)… EUR/NOK Support likely at range floor.
FX Market Technical Research
EUR/USD sold off all week and closed below the 1.2530 Fibonacci retracement (just). The new low has not been confirmed by the daily RSI however and this suggests caution here and some near term consolidation.
Technical Analysis: Wave Principle Letter (Americas): The big sell-out
Financial history is littered with examples where prominent corporate deals mark significant turning points. And the Information Technology sector seems to have all the technical analysis components necessary for a lasting downturn, in tune with American stock markets in general. The US Dollar is finally starting to lift off from its bottoming cycle, bond yields […]
Technical Analysis
€ reaction underway? AUD rebounds. NOK/SEK bids?… EUR/USD Fibo cluster still supportive… EUR/AUD Time to resell the cross!?… EUR/JPY Possible bull divergence… EUR/SEK Key support to be tested… USD/SEK Most likely a bull triangle… EUR/NOK Back at the floor… NOK/SEK Ending downside correction.
Daily FX Technical Strategy: CHF bursts into life
The long weekend in the US could keep trading subdued today, however that doesn’t make it devoid of interest. EUR/CHF has been one of the quietest markets this year but yesterday burst into life with volumes spiking as price spiked higher.
FX Market Technical Research
EUR/USD has charted a minor new low for the year, this has not been confirmed by the daily RSI and the market has not closed below the 1.2530 78.6% retracement of the move from 2010 to 2011, this suggests caution here.
Technical Analysis
Continued $ demand, SEK sellers?… EUR/USD Low end of support cluster… GBP/USD Important supports coming up… EUR/SEK Strong support beneath… USD/SEK Bullish congestion… EUR/NOK Up from low end of the range.
Daily FX Technical Strategy: Increasing despondency
As the eurozone problems rumble on, investor despondency appears to be growing. Yesterday, EUR/USD fell to a new 2012 low; further weakness beyond 1.25 over the rest of May would pave the way for a run at 1.19 later in the year. This is having an extreme impact on commodity prices with the broad based […]
FX Market Technical Research
EUR/USD has charted a minor new low for the year, but before we jump whole heartedly on the bear wagon we would highlight the 1.2530 78.6% retracement of the move from 2010 to 2011. We will need to see a close below here to confirm the next leg lower is underway.
Technical Analysis
Not so good for the euro, commodities (CRB & oil SHARPLY lower) & commodity Fxers… EURUSD may look stretched again, but is still offered and fresh lows can’t be excluded (after breaking a medium-term ref at 1.2588)… Next area of interest in the mid-1.24s…
Daily FX Technical Strategy: Shrinking growth expectations
Yesterday Spanish 10y yields fell, suggesting a lessening in immediate eurozone tension, but it would appear that elsewhere European fears, and more specifically their potential impact on global growth, rose. Commodity and Emerging Market currencies were hit hard and point to further material weakness into the summer months. Sterling also regained some of its lustre […]
FX Market Technical Research
EUR/USD is consolidating just above the 1.2624 January low. The market has seen a very shallow rebound so far, following its key day reversal charted on Friday and continues to weigh on the downside.