Technical Analysis
Daily Market Technicals
EUR/USD looks to be hinting at a topside break to the daily triangle but bulls continue to look for a close above $1.3677 to confirm a break of the 200-DMA.
Asian Currencies Technicals
USD/SGD managed a brief spike above the previous Sgd1.2511 resistance level on Wednesday only to remain capped ahead of the 21-DMA and
Aussie Currencies Technicals
The 21-DMA confirmed its significance as support on Wednesday with the bounce from just ahead of this support keeping bullish hopes alive.
EUR/GBP weekly– The odds for a stronger bounce have improved
Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit, chances of running into
GBP/USD hourly– Make or break at 1.6924!
Starting to back off from key-pivotal resistance 1.7044/49 (2009 high/2005 low) the risk of having marked an intermediate top at 1.7063 has increased significantly.
EUR/USD daily – Below 1.3671/76, the market remains vulnerable
The market has finally 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.
Daily Technical Report
EUR/USD is grinding higher within thehorizontal range between 1.3503 and 1.3677. Anhourly support lies at 1.3565 (20/06/2014 low, seealso the 61.8% retracement).
Continued AUD, SEK & ZAR weakness
EURUSD: For the fourth consecutive day the market ended basicallyunchanged but with intraday spikes on both sides.
Daily Market Technicals
A triangle has formed on the dailies that is suggestive of a breakout at some stage. Bulls look for a close above $1.3643 to
Asian Currencies Technicals
USD/SGD continues to trade sideways in narrow ranges below the initial resistance at Sgd1.2511.
Aussie Currencies Technicals
Bears take comfort in the pullback from ahead of 2014 highs and relatively bearish close with immediate focus now on the $0.9322-45 region.
USD/CHF Technical Analysis
In classical technical analysis, a double-bottom pattern exists when, after a downtrend, not only are there two identical,