Technical Analysis
USD/SEK – On a bigger scale there is still plenty of upside to be explored
With the red lagging line displaying two consecutive higher weekly closes above the cloud
EUR/GBP – The range breakout at 0.7959 is now targeting 0.7755/44
With the latest break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at
GBP/USD – On the way towards 1.7332 and 1.7768
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
EUR/USD – Make or break at 1.3557/35!
The failure to even come close to 1.3877 (minor 38.2 %) and the following break below hourly trend line support
EUR/USD Technical Analysis
EUR/USD finished the week under pressure which reinforces the view that the market has already charted an interim top at 1.3701, says Commerzbank.
Daily Technical Report
EUR/USD has broken its short-term risingchannel after having stopped near the 38.2%retracement of its previous decline. A falltowards the support at 1.3503 is likely.
More € selling in the pipeline
The common currency ended last week on a negative footing, with especially EURJPY looking very vulnerable to continued selling.
Daily Market Technicals
Layers of resistance have built up on the hourlies in the $1.3638-1.3700 region with bulls needing to see a close above $1.3700 to confirm a break of the 55 & 200-DMA’s.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week NZD/USD’s positive momentum remains strong and a break above 0.8800 is on the cards during the week ahead.
Asian Currencies Technicals
The spike higher last week lacked follow through above the 21-DMA (Sgd1.2492). Current focus remains on the 2014 lows with
Aussie Currencies Technicals
Wednesday’s correction lower from ahead of fresh 2014 highs gathered momentum Thursday before finding support just above the 55-DMA to end the week.