Technical Analysis
AUD/NZD returning sellers. NOK/SEK profit taking?
EUR/USD: The past days the market has more or less been moving upand down in three’s (hourly chart) leaving us without adirectional hint. It is also likely that the upcoming Easterholiday
Daily Market Technicals
EUR/USD dipped below the 21-DMA Tuesday before finding support ahead of the Apr 9 low with pair having continued to slowly regain lost ground since. The $1.3863 resistance remains key to
Daily Technical Report
EUR/USD has not challenged hourly resistanceat 1.3833 (15/04/2014 high), suggesting a periodof sideways trending. A test of the resistance at1.3162 (28/02/2013 is still likely.
EUR/SEK about to test the Dec’13 high. NZD/USD at primary support
EUR/USD: Support near 1.3790 was somewhat stronger thananticipated as buyers responded there and afterwardsforced the pair into a session close near the open.
Daily Market Technicals
EUR/USD dipped below the 21-DMA Tuesday before finding support ahead of the Apr 9 low. The pullback has eased the bullish pressure that dominated last week but bears still need a close below the $1.3779 level to
Daily Technical Report
EUR/USD bearish momentum has stalledaround support at 1.3820 (old resistance). Failureto find support here, followed by a clear breakunder 1.3820 (02/02/2014) region, will warn of alarger downside corrective phase to1.3673.
USD/SEK should test the yearly high (6.5880)
EUR/USD: Dynamic support (Fibo adjusted “Tenkan-Sen” & “Kijun-Sen”and the weekly mid-body point at 1.3808/1.3789 providessupport which will be up to the test.
Daily Market Technicals
The EUR/USD headed lower to start the new week before pausing just ahead of the 21-DMA. The pullback has eased the bullish pressure that dominated last week but bears still need a close below the $1.3779 level needed to
Technical Strategy: EUR/GBP
After a rebound last week, the EUR/GBP failed to clear the key short term resistance at 0.8315 (Short term high pivot) which signals a new bearish wave toward the recent low at 0.8229 before
More JPY strength and SEK weakness in the pipe
EUR/USD: The 78,6% Fibo reaction point fenced off the market fromcontinuing on a northern path and the day ended on arather neutral footing (doji candle) however the weeklycandle became a solidly bullish one.
Daily Market Technicals
The $1.3835 level has confirmed its significance as support with this level having propped the EUR/USD up so far to start the new week. Bears continue to look for a close below this level to
Daily Technical Report
EUR/USD short-term bullish momentum isdominate despite pause, after breaking out of itsshort-term declining channel and pushing abovenear term resistance. Monitor the resistance at1.3820 (see also 50% retracement).