Technical Analysis
EUR/USD Technical Analysis
(1,3175) The EUR/USD confirmed a test of the 1,3025 level before propelling again higher forming a positive outside reversal. We have now 1,3230 – 1,3015 the levels to follow in the coming hours.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Bearish “outside” pattern back from topping resistance at 79.50/70 leaves risk now to our correction target at 78.30/77.90 · EURUSD: Topping questioned, but whilst below 1.3235/44 prior support violations leave risk lower to 1.3026 (recent low/13-day EMA) and on to 1.2931 next
FX Market Technical Research
EUR/USD while we remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November, chart action at this juncture is not at all clear. The erosion of the near term uptrend has provoked NO follow through and we could even argue that there is a potential ‘bull flag’ developing.
Technical Analysis
Risk on assets liked led by rising equities (and especially so financial ones), emerging markets, commodities, commodity currencies, credits..basically all except “safe haven” bonds and dollars in demand.
FX Market Technical Research
EUR/USD has failed at 1.3245/50, the 38.2% retracement of the move down from November. It has eroded its short term uptrend and we regard this as negative price action – it suggests the correction is over and the market has resumed its downmove.
Technical Analysis
The euro is back on a losing streak and so is EuroStoxx…EUR/USD 1.3070 Dollar bears never walk alone…EUR/JPY 99.55 “B-wave low” exposed…AUD/USD 1.0585 “Double-top” in the making?…EUR/SEK 8.9050 There’s upside juice still left…
Technical Analysis
Yesterday’s bearish EURUSD print is already questioned today, but over 1.3245 is needed to lift the (correctional) sight to the 1.34s… USDJPY is lower with lower US yields and may continue towards the Oct’11 75.30 low if/when US yields continue lower…
Technical Analysis
More general dollar weakness emerged Friday (contrary to our view of a potential end to the EURUSD reaction). The JPY strength accross the board, CABLE coming close to its key resistance in the 1.57’s, EURSEK closed bullishly above 8.9050 buy the dips for 8.98/99,
FX Market Technical Research
EUR/USD has reached its initial corrective target of 1.3245/50, the 38.2% retracement of the move down from November. We would ideally like to see failure here, this is our initial corrective target/measurement and automatic Elliot wave count, but acknowledge that while above the near term uptrend at 1.3072 the market remains bid.
FX Market Technical Research
EUR/USD has charted a ‘Doji’ at 1.3184, this marks indecision just ahead of our corrective target of 1.3200/50, and suggests to us that the correction higher that has been in place since the 16th January is likely to be over. We are unable to rule out a move to the 1.3245/50 zone (38.2% retracement of […]
Technical Analysis
More dollar weakness seen overnight post Fed. We are looking for a marginally new dollar low today however followed by an almost immediate u-turn. EURUSD looks to have potential above 1.3121 but below 1.3199, GOLD passed a bullish milestone yesterday, USDJPY stalling on back of lower US bond yield, EURSEK underpinned by a potential bull […]
FX Market Technical Research
EUR/USD has cleared this years high at 1.3077 and remains upside corrective. The market is poised to encounter the 1.3141/45 resistance, this is the October low and 55 day ma, between here and the 1.3245/50 zone (38.2% retracement of the move down from October) we expect to see failure.