Technical Analysis
Daily Market Technicals
EUR/USD continues to trade sideways in a narrow range with bullish focus dominating after last week’s rally. The pair was unable to manage a close below the 21-DMA for most of April with bears looking for
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 (04/04/2014 low) to 1.3906(11/04/2014 high). The technical structureremains supportive as long as the support at1.3780 (09/04/2014 low) holds.
€ and Yen trading bid. AUD/NZD to the triangle floor
EUR/USD: After a three wave (hourly graph) kneejerk downsidereaction the market returned up close to the recent higharea hence keeping a bid undertone in place.
Daily Market Technicals
The brief dip on Friday traded below the 21-DMA before finding support and bouncing from the $1.3815 level. The pair has been unable to manage a close below the 21-DMA with bears looking for
Markets Outlook – Q1 Labour Data: Pulled Up on a Technicality?
How the market reacts to Wednesday’s HLFS is more difficult than normal to get a feel for. We are most conscious, however, of last Friday’s US non-farm payrolls,
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. The technical structureremains supportive as long as the support at1.3780 holds.
SEK selling is back on the agenda. Reaction risk (lower) in GBP/USD.
EUR/USD: The bearish reversal candle pattern the day before yesterdaywas U-turned into something equally potentially bullishyesterday.
Daily Market Technicals
The move higher continues to stall ahead of the $1.3905 Apr 11 high with the relatively bearish close Thursday of some concern to bulls.
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. The rebound near the keysupport at 1.3780 (09/04/2014 low) has pushedprices close to the top of the recent range.Monitor the resistance at 1.3906.
Daily Market Technicals
The sharp move lower Wednesday again managed to dip below the 21-DMA before recovering to close above with the result being a triple daily top around the $1.3879 level.
Daily Technical Report
EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. Despite yesterday’sweakness, the short-term technical structure ispositive as long as the support at 1.3780(09/04/2014 low) holds.
€uro a tad softer. SEK sellers seen returning
EUR/USD: After an initial move higher the market fell back and did soin a rather impulsive manner ending the day with a bearishkey day reversal.