Technical Analysis
Technical Analysis: Bond Bolly band width warning
Bollinger band width in bond markets is very low pointing to a high risk of volatility breakouts. The technical probabilities suggest that the break will be lower in yields. The USD is building upside momentum although the Aussie retains some lingering bullish potential. Gold is consolidating before another leg lower and low volume in stock […]
Daily FX Technical Strategy: Cross focus as USD consolidates
As the dollar unwinds intraday overbought signals at the start of the week, crosses have drifted off the sidelines but without suggesting a consistent story. EUR/GBP rallied sharply but this move must be kept in context of the downtrend of the last 10 months.
FX Market Technical Research
EUR/USD has held the initial test of the 55 day moving average, this is located at 1.3084. Rebounds are expected to remain tepid and we look for the Euro to remain under pressure and continue to regard the recent high at 1.3487 as an interim peak.
Technical Analysis
EURUSD is correctively higher, but should ideally turn lower from Fri’s ~1.3195 mid-body point… GBPUSD bearishly violated the 1.5644 ref and should extend losses, initially towards 1.5580/40. Resistance starts at 1.57…
Technical Analysis
In the search of ending corrections… EUR/USD seeking a 2nd reaction target… USD/JPY caution with longs!… GBP/JPY head & shoulders top… EUR/SEK completed correction?… USD/SEK fell hard… EUR/NOK next move unclear… NOK/SEK correctional setback… AUD/USD sandwiched… EUR/CZK at least one more low likely… EUR/HUF best bullish wave count disrupted… EUR/PLN major setback!
Technical Analysis
Yesterday, a one day correction? SEK weaker. EUR/USD 1.3205 and then down again… GBP/JPY looking for a sell off… NZD/USD searching a new sell… EUR/SEK key resistance up for grabs… EUR/NOK another low not unlikely… NOK/SEK trying to pass the key res…
FX Market Technical Research
EUR/USD has eroded the 2 month uptrend support, this has yet to generate much of a sell off, and the market is finding some support from the top of cloud at 1.3096. This is expected to be eroded, technical indicators are negative – the daily RSI is breaking down and the daily DMI has a […]
Technical Analysis
Risk is off everywhere you look and the dollar is on and there are few escaping the weight of this… EURUSD key below remains at 1.2974… USDJPY likely falling back to/below the 80-handle and GBPUSD looks set to test the Feb 1.5648/44 lows…
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.
Technical Analysis
EURUSD respected support yesterday but little indicates it won’t be tested again. Key ref on south at 1.2974… USDJPY may have lost some momentum and has to at least re-visit the 80-handle…
Currency Weekly : QE pendulum to swing in JPY’s favour
The recent BoJ inflation goal announcement and QE expansion caught the market by surprise. Since the announcement, USD-JPY has reached nine-month highs. We think the price action looks overdone.
Daily FX Technical Strategy – USD upside potential
Last week was a good one for the dollar as the USD Index posted a reversal week against important retracement levels. The implication is that the 2012 downtrend is over and further USD strength should be expected this week.