Technical Analysis
Daily FX Technical Strategy: European concerns
European problems are not going away. Last week was the worst week so far this year for key US and European equities and the US and German rates markets responded accordingly with a bid. That the US/German yield spread is testing the lows of this year is a telling sign for Europe.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Eyeing Head & Shoulders neckline, 1.3030; below targets 1.2805. USDJPY: Forceful Friday plunge through 81.96/83 support keeps correction risk still lower through 81.07 retrace level to our 80.58 target.
European FX Daily – Chinese exports up, imports down
– European FX leads modest rally vs the USD, Asian equities mixed – Bank of Japan kept policy on hold as expected – China’s export growth higher than expected, imports disappointed – France’s industrial output likely rose in February
FX Market Technical Research
EUR/USD despite weak payrolls on Friday, the rebound on EUR/USD has been tepid at best and the market starts this week sitting just above the 1.3004 March low. Key short term support remains 1.2974/54, the February low and 61.8% Fibonacci retracement.
Daily FX Technical Strategy: S(PAIN)
Eurozone issues are coming back under the spotlight ahead of the long weekend. The spread between Spanish and German 10-year yields are testing the wides of this year and European equities, particularly the Spanish Ibex index are breaking lower.
Technical Analysis – FX Daily Majors
___________________________________________________ Trade on currency with CMC Markets – Trusted FX Brokers ___________________________________________________ Today’s highlights: EURUSD: Short-term top enhanced and a more defensive sideways theme below 1.3134. Head & Shoulders top risks are resurrecting, needing a break of the “neckline”, 1.3025. GBPUSD: Small top/short-term bear reversal (back from 1.6090 barrier) reinforced with prod at 1.5842. Sideways […]
FX Market Technical Research
EUR/USD continued to lose ground yesterday and has reached the short term support line at 1.3136. Failure here is expected and should be enough to refocus attention onto the 1.3004 recent low and then 1.2974/54, the February low and 61.8% Fibonacci retracement.
Technical Analysis
EUR/USD Still much unclear… EUR/JPY Increasingly bearish… GBP/USD Bearish looking “Doji” added… EUR/SEK Headed for a 8.7660 test… USD/SEK Buyers at 6.56? EUR/NOK Headed for a 7.5325/7.5175 test… USD/NOK Bullish “Doji” at support… AUD/JPY Next attempt lower underway
Technical Analysis
EUR/USD Short term still unclear… AUD/USD Completed corrective bounce… EUR/JPY Bull triangle or triple top… EUR/SEK Well, that’s a better one… USD/SEK Enough? EUR/NOK Correction unfolding… NOK/SEK First step higher taken… EUR/GBP Steering back into the high-0.82s
Technical Analysis – FX Daily Majors
Today’s highlights: AUDUSD: Spotlight on six month up trend line, 1.0325 (setting back from Q1 topping trend barrier). A close below this key support risks April move to 1.0145/15 target. NZDUSD: Poised at minor chart prop at .8143 (back from ahead of .8282 chart resistance) with risk still lower back our .8050/7996 target (and lower […]
FX Market Technical Research
EUR/USD no change – the market will shortly encounter the top of the 7 month channel at 1.3449, this together with the February high at 1.3487 should provoke failure. However a break below 1.3263 (near term uptrend) is needed to alleviate immediate upside pressure.
Technical Analysis – FX Daily Majors
Today’s highlights: · GBPUSD: Prod to a new Q1 recovery peak (through 1.5991) to open the door to the Q4 high at 1.6167 (interim hurdle 1.6090). · EURUSD: Digestion setback, but prior break above 1.3292/94 intact for a constructive bias to aim up to the 1.3487/3510 major resistance cluster.