Technical Analysis
Daily Technical Report
EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).
EUR & CAD seen weakening, NOKSEK a buy
EUR/USD: The slow rise from the 1.3749 low, the 161.8% Fiboprojection point, has so far followed a corrective path highercreating a bear flag. It is possible that the Friday high at
Daily Market Technicals
The correction lower from ahead of the $1.3948-66 region Thursday saw the EUR/USD break and close below the rising daily channel base and 21-DMA with the
Asian Currencies Technicals
The $0.9142-0.9204 region is key for the aussie this week with a close above the 200-DMA hinting at further topside and a close above $0.9204 seeing bulls shift overall focus to a retest of the $0.9440-50 region.
Daily Technical Report
EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).
Looking to sell EUR/JPY, NOK/SEK turning up
EUR/USD: After a minor consolidation, a bear flag, the market brokedown to a fresh low, 1.3749. With the market how havingfallen 161.8% of the first, Mar 13-14,
Daily Market Technicals
The correction lower from ahead of the $1.3948-66 region saw the EUR/USD break and close below the rising daily channel base and 21-DMA, confirming bearish focus.
Asian Currencies Technicals
AUD/USD put in a double daily top around the $0.9038 level on Wednesday, just short of the 200-DMA with the correction lower pausing just short of the Mar 13 low on Thursday.
Daily Technical Report
EUR/USD declined sharply yesterday,breaching the key support at 1.3834. However,the support implied by the rising channel(around 1.3804) is intact.
Comeback for the greenback. More NOK losses seen.
EUR/USD: Once the 1.3879 support gave way the market acceleratedits decline and continued down to the 2011 top line beforehalted.
Daily Market Technicals
The sharp move lower on Wednesday sliced through layers of support before stalling just short of the 21-DMA. Bulls will now be looking for a close above the $1.3879 level that previously supported on
Asian Currencies Technicals
AUD/USD put in a double daily top Wednesday, just short of the 200-DMA, before correcting sharply lower. The sharp move lower eases the previous bullish pressure with bears looking for