Technical Analysis
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Break below 1.3026 chart support and the 38.2% retracement of 1.3054 keeps the focus skewed lower to the 1.2889/54 chart/61.8% retracement support zone · AUDUSD: Topping structure in place with threat lower to the trend line from late 2011, now 1.0629/45. Through confirms a more notable reversal for 1.0527
FX Market Technical Research
EUR/USD remains under pressure and we look for 1.3000 to be eroded soon. This will leave the market directly offered and on course for 1.2891/54 (61.8% retracement of recent leg higher) then the 1.2624 January low.
Technical Analysis
A lot of events since yesterday morning. Risk appetite on the defensive with VIX rising (up from a higher low) and EZ worries back on the frontpage. The common currency is again under increasing pressure and EURUSD is checking key support levels,
Daily FX Technical Strategy: Risk surge keeps USD on the back foot
Overnight the Sensex has gapped above its October 2011 high, reversing the downtrend of the preceeding 12 months. This is a fresh example of the improving risk outlook that has taken hold in 2012 and we note that the USD has also weakened overnight, backing away from the important resistance threatened by recent profit taking.
FX Market Technical Research
EUR/USD has sold off towards the 55 day ma at 1.3067, which together with the 38.2% retracement of the last leg up at 1.3056 appears to be holding the initial test. Rebounds from here should remain tepid – the market has recently severed its short term uptrend, this in conjunction with the divergence of the […]
Technical Analysis
The yen is the current underdog and could (if you give it a little time) lift to and above a pronounced 79.55 peak… Scandie FXers still perform (despite low volatility in EURSEK and a short-term stretch in EURNOK). Refs to keep in mind at the yearly EURSEK low of 8.7430 and last year’s low in […]
Daily FX Technical Strategy: Bid USD is facing strong resistance
Investors appear to be falling for the USD, but they are not totally smitten. Overnight the dollar has ralllied within its recent trading range, reinforcing the profit taking signals that we noted yesterday.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: An “outside” pattern already today (bullish?) aiming for key 200-day MA at 78.05 and then range resistance at 78.31. Above secures firmer Q1 base · EURUSD: Hinting at a small top, but still needs a close below 13-day EMA, 1.3125, to aim for 1.3026 next. Through here confirms
Technical Analysis
It looks like EURUSD is flipping back into bearish so keep an eye on action after the opening hour today if there is more selling going through we think AUDUSD & GBPUSD will lead by example (1.0640 & 1.0615 and 1.2626 are key refs in those)…
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Friday erosion hints at a top, but close through the 13-day EMA, now 1.3125, needed to confirm. Otherwise, risks remain higher this week
Technical Analysis
Euro to decline? NOK/SEK to take off! EUR/USD – spiked above the neckline…GBP/USD – potential top formation…EUR/JPY – correction in its latter stage…EUR/SEK – still stuck in the doldrums…EUR/NOK – low end of parallel channel…USD/CAD – bullish print to take note of.
Daily FX Technical Strategy: Pullback within greater trends
The bearish breakout in German 10y yields is helping to support the EUR. In particular, both the EUR/AUD and EUR/AUD crosses are staging near-term bounces as profit taking leads them toward the January highs.