Technical Analysis
FX Market Technical Research
EUR/USD steadied somewhat yesterday after the ECB press conference. While we may see further ranging, the risk will remain on the downside and while capped by the 1.3262/68 downtrends, these are the 5 month downtrend and the 8 month channel.
Technical Analysis
CRB & commodity FXers are getting hurt… EUR/USD No strong pre-NFP directionals… AUD/USD Breaking the “Bearish Flag”… GBP/USD Lasting top in place?… EUR/SEK Support confirmed… USD/SEK Not where the best action is… EUR/NOK Notable sub-7.5425 rejection… NZD/NOK Look for 4.55, but likely more.
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: Plunge from trend barriers (1.3275/3300) through trend/chart supports (1.3200/1.3157) aims for 1.3058. * NZDUSD: Break of chart/200-DMA support, to prod key .8059/50 foundations and signal a bigger top and more bearish outlook into Q2 towards .7920 and .7790 retrace targets.
Technical Analysis
€ bearish prints, NZD under pressure, oil lower… EUR/USD Bearish response… EUR/JPY Heading for a 104.20/60 test… NZD/USD Exiting the bear flag… EUR/SEK And back at support… USD/SEK Buyers meeting offers… EUR/NOK Setback… NZD/NOK Make or break?
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: “Inside/outside” pattern caution this week reflects reluctance to overcome trend barriers, now 1.3280/3305. Risk now through trend and chart support (1.3200, 1.3157) towards 1.3058.
Technical Analysis
Aussie likely testing <1.0250 again… EUR/USD Watch 1.3204\1.3284 for clues… USD/JPY Some response at key support… AUD/USD Likely closing in on 1.0247… EUR/SEK Small near-term downside tilt… USD/SEK Weak short-term directionals… EUR/NOK Hesitation at high end of “Flag”… NOK/SEK Contracting range.
Technical Analysis
JPY strength. AUD downside turn? US bond yield up… EUR/USD Ended the week above 1.3227… USD/JPY Exited the 55d ma band… AUD/USD Rise looks corrective… EUR/SEK Next resistance violated… USD/SEK Failed breaking 6.75/76… EUR/NOK Soon to exit the bull flag.
Technical Analysis
A softer €, stronger JPY, weaker NOK & MXN… EUR/USD So far kept within the band… NZD/JPY Inversed pressure cooker… EUR/GBP New lows underway… EUR/SEK Still a mid body buy… USD/SEK Finally a sign of buyers… EUR/NOK Finally some action!… NOK/SEK Volatile.
Technical Analysis
EUR/GBP lower, HUF rising and bonds back on track… EUR/USD Ending reaction?… EUR/JPY Still struggling in the bands… EUR/GBP Looking for a new low… EUR/SEK Sideways then higher… USD/SEK Waiting for buyers… EUR/NOK Slow… EUR/HUF Falling out of bed.
Technical Analysis
Many markets are pausing, commodities extend losses… EUR/USD No new directional information… USD/JPY Another leg higher underway?… AUD/USD Notable buyers’ response… EUR/SEK Mid-body support confirmed… USD/SEK Hugging support… EUR/NOK Acceleration higher needed… NOK/SEK Micro-term bullish flag… GBP/USD Running out of steam.
Daily FX Technical Strategy: AUD on the ropes
Over the last 24 hours, the outlook for the AUD has deteriorated somewhat and against the majors key support is under threat. For the time being though the support is holding but key levels are close at hand and worth noting. Like a fighter, the AUD is on the ropes, absorbing blows, it is on […]
Technical Analysis
Weaker SEK & AUD and focus on European yield spreads… EUR/USD The 1.3058 ref is exposed… EUR/JPY Ought to test supports below… AUD/USD The recent 1.0226 low exposed… EUR/SEK Headed back over 8.93… USD/SEK Back in a bullish impulse… EUR/NOK Must break the 21day EMA…