Technical Analysis
Daily Technical Report
EUR/USD continues to move towards the highof its horizontal range defined by 1.3503 and1.3677. Monitor the test of the hourly resistanceat 1.3644/1.3651.
Stronger yen. Lurking SEK buyers?
EURUSD: After Thursday’s downside failure the buyers were in thedriver’s seat Friday and the week ended on a positivefooting.
Daily Market Technicals
Pressure remains on last week’s highs to start the new week with the $1.3672-77 resistance region remaining key overall.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week NZD/USD’s positive momentum remains strong and
Asian Currencies Technicals
The 21-DMA capped rallies last week with layers of resistance noted in the Sgd1.2513-45 region.
Aussie Currencies Technicals
AUD/USD continued to work its way back towards 2014 highs on Friday with initial support now noted at $0.9404.
EUR/JPY – The market remains at risk of selling off to 135.55 and 134.36
The failure to clear key-pivotal resistance at 140.08 (internal wave 1 low) left the market in a highly vulnerable stage and kept the broader down-rotation intact.
EUR/GBP – A range breakout between 0.7959 & 0.8084 is needed for directions
Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit, chances of running into
GBP/USD – Another failure to break higher?
The market is making another attempt to break decisively above key-pivotal resistance 1.7044/49 (2009 high/2005 low) as minor Fib.-resistance at 1.7037 (minor 76.4 %) has already been penetrated.
EUR/USD – Unchanged! Below 1.3672/76, the market remains vulnerable
The market has managed to trade away from key-support at 1.3477 (2014 low) which supports our view that a stronger bounce (wave 2 or wave B) could be looming.
USD/JPY Technical Analysis
In USD/JPY, Commerzbank notes that it has finally eroded its 200 day ma at 101.68 .
EUR/USD Technical Analysis
EUR/USD has faltered ahead of our first corrective target at 1.3670 (the 200 day ma is also found here at 1.3671 ), notes Commerzbank.