Technical Analysis
FX Market Technical Research
EUR/USD is sidelined and is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.
Technical Analysis
EURUSD is possibly completing a bullish triangle – IF so with a mid-133 target… USDJPY is still in its bullish drive, but a pause/small setback would be timely at key resistance with the current short-term stretch in mind…
Daily FX Technical Strategy: US yields carry JPY crosses
While initial JPY weakness emerged in response to optimism for equities, the recent push to 1-3 month range highs for US yields has likely given investors additional reasons to pare back JPY length.
FX Market Technical Research
EUR/USD as expected is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.
Technical Analysis
Not overly much is cooking out there at the moment… Well the yen is weaker with USDJPY seemingly headed towards a key 80.25 ref… EURUSD printed a bearish candle yesterday but directional clues are anyway weak within 1.3145\1.3322…
Technical Analysis: Ding ding
For technical analysts, it’s not the news that matters; it is how the markets react to the news that counts. We have been warning that the markets are poised for a “risk-off” phase and the price action over the next few days should provide valuable evidence to see if the bell has been rung on […]
Euro-outlook stabilized but still vulnerable
The Greek debt negotiations to reduce Greek debt/GDP to 120% by 2020 have been accepted as Euro zone finance ministers this morning approved the €130bn second Greek bail-out package. ECB will participate by contributing approx.
Technical Analysis
EURUSD looks set to test the recent 1.3322 high but the upside is not a done deal… USDJPY is short-term stretched and some longs should be weathered, paving for a ~79-recheck… AUDUSD could be in a more pronounced correction lower so keep an eye on the recent 1.0629 low…
Technical Analysis
EURUSD grinding higher but with poor momentum. Short term no strong directional conviction, EURJPY today’s gap and spike to be monitored very close as possible ending the upside correction, EURSEK rejected from 8.8520 but a new attempt will emerge from 8.80/82,
Technical Analysis
EUR/USD – spiked in the support zone…EUR/JPY – up-thrust signal failed…USD/JPY – trying it above the 233d ma…EUR/SEK – cautiously watching 8.8520…USD/SEK – rejected from the 55d ma…EUR/NOK – knocking on the trap door.
Technical Analysis – FX Daily Majors
Today’s highlights: · AUDUSD: Upward trendline spanning from December lows holds strong, with the 1.0629 low intact. Rebound through 1.0779 implies a re-test of the 1.0847 high
Daily FX Technical Strategy: EUR/USD changes trend
The speed of the USD snapback yesterday caught us by surprise even though we were wary of renewed USD profit taking at lower levels. Unlike earlier in the week, this time the turnaround has caused chart damage to the 2012 downtrend.