Technical Analysis
Daily Market Technicals
EUR/USD spiked higher and above the Bollinger band of $1.3847, which along with weaker hourly studies suggests room for a pause. However, the move helps establish the rising trend from February and
Asian Currencies Technicals
AUD/USD has traded at fresh 2014 highs and the highest level since mid-Dec. Immediate focus is on a continuation higher that initially targets the key 200-DMA with a close above last seen in Apr 2013.
Daily Technical Report
EUR/USD has recently weakened near its keyresistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band, which drops to $1.3800, as well as by a band of resistance in the $1.3825/41 area, which contains former highs,
Asian Currencies Technicals
Higher daily high and low for the AUD/USD on Wednesday has eased the bearish pressure a little but bulls will be looking for a close above the $0.9001 resistance level to see immediate focus shift to
Daily Technical Report
EUR/USD is showing signs of weakness near itskey resistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
EUR/SEK & EUR (USD)/NOK test supports. Cable trades lower
EUR/USD: The late Feb rise looks impulsive and the decline thereaftercorrectional (and the Mon “Inside Day” did not deliver andmeaningful downside attempt yesterday).
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band, which drops to $1.3805, as well as a band of resistance in the $1.3825/41 area, which contains former highs,
Asian Currencies Technicals
AUD/USD continues to consolidate last week’s break and close below the 21-DMA ($0.8982) with bulls looking for a close above the Feb 28 high to confirm a break back above the 21-DMA and
Daily Technical Report
EUR/USD remains close to the key resistancearea between 1.3832 (25/10/2013 high, see alsothe long-term declining trendline) and 1.3893despite yesterday’s weakness.
EUR/USD & EUR/JPY test supports and SEK & NOK seem weak.
EUR/USD: The “Inside day” candle printed yesterday points lower forthe day(s) ahead. If letting go of the 8day equilibriummeasure (which shouldn’t be so hard given the overall weaktrend)