Technical Analysis
Daily FX Technical Strategy: AUD/USD lift shaft
Up the escalator, down the lift shaft typically describes AUD/USD price action: downtrends tend to be short sharp brutal moves compared to uptrends. We highlight this behaviour because AUD/USD is on the cusp of throwing out several major bearish signals and the close tonight could very likely be a negative catalyst for long-term trend followers. […]
Global Technical Watch – Quick Charts
Among the recent trends across markets, commodities are arguably the most striking, as some base metals such as nickel push to new lows for the year. The decline in WTI crude also has further to run, in our view.
FX Market Technical Research
EUR/USD continues to trade below the 61.8% retracement of the move seen this year and remains under pressure. Corrective rebounds should remain tepid – daily technical indicators remain negative and our target remains the 1.2624 January low.
Technical Analysis
Seeking new AUD lows, SEK taking a beating… EUR/USD More congestion seen… AUD/USD Topside spike points lower… EUR/SEK Channel ceiling in focus… USD/SEK 7.0365 up for grabs… EUR/NOK Closed above the flag… USD/NOK Pressure cooker break… EUR/GBP BIG volume – non trending day… USD/CAD Next attempt at resistance.
Daily FX Technical Strategy: Spanish woes impact euro
In the current environment of risk aversion, where global equity indices from the S&P 500 to the Shanghai Composite are correcting lower, our focus is drawn to Spain. The Spanish IBEX index is trading at levels not seen since 2009 and the 10-year benchmark yield is back above 6%. This has forced the spread against […]
FX Market Technical Research
EUR/USD has eroded the 61.8% retracement of the move seen this year so far at 1.2954 and dropped into 4 month lows. The resistance above 1.3081 is prolific and the 5 and 8 month downtrends at 1.3233/50 offer tough resistance for the market.
Technical Analysis
EZ worries still in focus… EUR/USD Finally closed below support… SPAIN IBEX Cliff hanger… NZD/USD Minor bounce, then lower… EUR/SEK Range ceiling under pressure… USD/SEK 7.0365 next key resistance… EUR/NOK Look for returning 7.53/4 bids… NOK/SEK Topside pressure mounting.
Technical Analysis
Commodities & their FXers pressured and Europe has a headache… EUR/USD Serious sub-1.30 attempt… AUD/USD Testing the downside stretch… USD/CAD Shooting at high end of range… EUR/SEK Likely popping resistance soon… USD/SEK Over 6.8820 would call for ~6.95… EUR/NOK 7.60 resistance under pressure.
FX Market Technical Research
EUR/USD has held the initial test of the 61.8% retracement of the move seen this year so far at 1.2954 and has seen a small rebound. While we would allow for the rally to fill the weekend gap to 1.3081. it should remain shallow and the risk will remain on the downside.
Technical Analysis
Markets could extend yesterday’s corrections some… EUR/USD Resistance at 1.3073\80-1.3120… USD/JPY “Doji” candle & Double-bottom… AUD/USD Retesting resistance then lower… EUR/SEK Non.-directional inside 8.86\93… USD/SEK Support likely @ ~6.79/77… EUR/NOK Still looking for an upper break… NOK/SEK “Sold” higher.
FX Market Technical Research
EUR/USD aggressively and has reached the 61.8% retracement of the move seen this year so far. While this may hold the initial test, the risk will remain on the downside and a move below 1.2954 is expected to trigger another leg on the downside to the 1.2624 January low.
Technical Analysis
$ comeback, commodity universe hit… EUR/USD Gapped lower… AUD/USD Exited the bear flag… EUR/JPY Gapping below the neckline… EUR/SEK Topside pressure mounting… USD/SEK Trying the key resistance… EUR/NOK Bull flag exit underway… USD/NOK Powerful break higher likely… USD/CAD Longs are extremely exposed.