Technical Analysis
Daily FX Technical Strategy: Intraday clues for a dollar bounce-back
The dollar has tended to drift lower so far this week but we are not convinced this is a sustainable move. The correction in USD/JPY is taking on the shape of a bullish flag on intraday charts suggesting the uptrend is poised to resume.
FX Market Technical Research
EUR/USD continued to rally yesterday, the near term rally is viewed as corrective, but we would allow for a return to the 1.3291/1.3325 region (9th February high), however we would again expect that to provoke failure.
Technical Analysis
EURUSD is one notch closer to the 1.3291 ref, but a bullish case is NOT a done deal… GBPUSD is also higher and closed above a near-term important ref, but could still be building a larger top formation – as indicated by lesser volumes during the recent advance…
FX Market Technical Research
EUR/USD on Friday saw a strong rebound from support at 1.3000. This has been stronger than we thought, but is viewed as a correction only. It is possible that this rebound will return to the 1.3291/1.3325 region, however we would again expect that to provoke failure.
Technical Analysis
End-of-week demand in GBPUSD & EURUSD, or is there more buying in the pipe? Watch 1.5884 & 1.3192 for more clues, or 1.5750 & 1.3120 for that matter… USDJPY looks set to ignite a correction lower, so below 82.90 must be watched closely…
Daily FX Technical Strategy: JPY juggernaut still turning
Yesterday was a day of consolidation in FX markets and it passed without producing evidence of material change. Consequently, we are sticking with recent themes: USD strength, JPY weakness and NOK strength.
Technical Analysis
Dollar strength yesterday eased and gave way to a consolidation phase. Corrective moves also seen elsewhere with scandies strenghtening, oil getting hit by supply from strategic reserves. EURUSD looking for renewed weakness, USDJPY showing first signs of exhaustion,
FX Market Technical Research
EUR/USD remains on the defensive., it has recently eroded the top of cloud support, the 55 day moving average and the 50% retracement support at 1.3055. It is currently sitting on support at 1.3000.
Technical Analysis: Let the big dog eat
The US Dollar, sometimes known as “the big dollar” continues to build momentum for a sustained move higher. Corrections should be bought. The low Bollinger Band width in US T-bonds is resulting in the anticipated volatility breakout – watch 2.08% in the 10-year very carefully. Stocks continue to walk up the down escalator as gains […]
Daily FX Technical Strategy: US yield rise lends further USD support
Having broken out of well-established ranges earlier in the week, US yields are surging higher across the curve. Into next week, we suspect the pace of the move will slow given approaching stronger support but for the time being, the dollar is responding.
Technical Analysis
The greenback continues to be in demand, pushing several dollar pairs through their key levels. Euro x:s a bit more mixed posting both winners and losers. JPY & Scandies still under pressure.
Technical Analysis
The dollar is strong despite stellar US stock market performance and this is impressive… Key below in EURUSD remains at 1.2974 and the market is closing in on it… The USD index was allowed to bullishly violate the key 80.12 ref and this opens up for more dollar buying…