Technical Analysis
EUR/USD Technical Analysis
EUR/USD charted an inside day yesterday and we suspect that the market is in consolidation mode having recently reached the 1.3424 200 week ma.
Daily Market Technicals
Consolidation above the 200-WMA combined with O/S daily studies due a correction are a concern for bears with
Aussie Currencies Technicals
The failed rally that ran out of steam at the Bollinger band top Thursday is a concern for bulls in that it failed to test the 2014 high and
Daily Technical Report
EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and 1.3477(03/02/2014 low), confirming an underlyingdowntrend.
USD/JPY Technical Analysis
In USD/JPY, Commerzbank notes that the rebound last week from its 101.16 55 week m.a took it to cloud resistance on the daily chart, where the move halted.
EUR/USD Technical Analysis
EUR/USD came under pressure all last week – the 2012- 2014 uptrend has given way and the market has sold off to the 1.3424 200 week ma, notes Commerzbank.
Daily Market Technicals
Fresh 2014 and 8 month lows continued for the euro Friday before the EUR/USD found support at the key 200-WMA with a weekly close below not seen since Sept 2013.
Lower Milk Price to Highlight ‘Unjustified’ NZD
Fonterra is expected to announce its dividend intentions by Thursday (the end of this month, as earlier promised).
Asian Currencies Technicals
Last week’s move to fresh 2014 and 8 month lows was aggressively reversed with the bullish close Friday seeing immediate focus return to
Aussie Currencies Technicals
The failed rally is a concern for bulls in that it failed to test the 2014 high and was followed up with a close back below the 21-DMA on Friday.
Daily Technical Report
EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and