Technical Analysis
Technical Analysis
The euro & aussie are back on a losing streak… EUR/USD Could also re-check 1.2870\90… EUR/GBP “Bearish Engulfing Candle”… AUD/USD Could not escape gravity… EUR/SEK Not a triangle, possibly a flag… EUR/NOK Still messy… EUR/PLN Buying is back on the fore.
Daily FX Technical Strategy: A chance to reload
Key Day Reversals in the USD Index, EUR/USD and USD/CHF on Friday imply profit taking after the recent USD rally allowing momentum to unwind from extreme levels. The absence of evidence of divergence implies a corrective move fuelled by profit taking, which isn’t supported by CFTC stats but was a theme from our client base […]
FX Market Technical Research
EUR/USD has charted a key day reversal just ahead of the the 1.2624 January low. The rally has already met the 23.6% retracement at 1.2793, looking for this to extend to 1.2887 then 1.2963, there is scope for 1.3038 (61.8% retracement+ early February and early April lows ) but we would expect the market to […]
Technical Analysis
EUR/USD could temporarily give back some recent losses… EUR/USD Correcting the stretch… EUR/GBP Contesting the 21day EMA… USD/CAD Near-term momentum loss… EUR/SEK Still looks like a bullish triangle… USD/SEK Taking care of the stretch… EUR/NOK Should contest 7.68 this week… NOK/SEK Checking support at 1.1930.
Technical Analysis
Not much is better than when we left desks Wednesday… Dollar strength remains on the fore, but now likely with EURUSD in a grind lower than in a freefall… EURGBP could even give back some more losses near-term…
FX Market Technical Research
EUR/USD has sold off towards the 1.2624 January low. We would expect to see some profit taking here ahead of a renewed stab lower to the 1.20 region. We note on the 240 minute chart a loss of downside momentum and we would allow for a small corrective rebound.
Technical Analysis
The dollar is a standout winner – against everything… EUR/USD Another markedly bearish print… USD/JPY Testing overhead resistance… USD/CAD A late bloomer picking up speed… EUR/SEK A European 600pips gap!… USD/SEK M/T ref bullishly cleared… EUR/NOK Not done eyeing the 7.6530 ref… USD/NOK Pursuing an upper parallel… AUD/JPY Next downside ref insight.
Technical Analysis
Scandies & EMs look vulnerable still (lack-of-liquidity)… EUR/USD Challenging support… EUR/JPY Stretched but still offered… EUR/GBP Bullish candle crushed… EUR/SEK Taking it into a stretch?… USD/SEK Bullishly into a fresh yearly high… EUR/NOK Key 7.6270 ref under pressure… USD/NOK Pursuing the short-term stretch.
Technical Analysis: Open long USD-CAD
With momentum turning higher (5 day moving average crossing above the 40 day moving average), the long term trend higher (200 day moving average sloping up) and a bullish Elliott Wave structure we open a long USD-CAD position at 1.0030 in medium size.
Daily FX Technical Strategy – USD benefits from global uncertainty
The dollar is on a roll. Broad based signs of USD strength point to further material gains in the coming months. AUD/USD posted the low close that we were hoping to see last Fri implying the uptrend of the previous three years is over.
FX Market Technical Research
EUR/USD The daily RSI is trading at oversold levels not seen since December which leads us to believe that EUR/USD will manage to heave itself back up towards the 61.8% Fibonacci retracement of this year’s advance at 1.2954 in the days ahead.
Technical Analysis
ECB € index broke lower, NOK/SEK higher… EUR/USD At support… EUR/JPY Broad important support… EUR/SEK Look for a mid body buy… USD/SEK Resistance capping for now… EUR/NOK Still struggling with the ceiling… NOK/SEK Heading next for 1.1945… EUR/GBP Bullish daily candle added.