Technical Analysis
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band, which drops to $1.3813, as well as a band of resistance in the $1.3825/41 area. Bulls are focused on these levels,
Asian Currencies Technicals
AUD/USD continues to consolidate last week’s break and close below the 21-DMA ($0.8973) 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 rose sharply on Friday. Prices arenow challenging the key resistance areabetween 1.3832 (25/10/2013 high, see also thelong-term declining trendline) and 1.3893.
Still looking for a stronger yen. NOK/SEK a 1.0720 sell?
EUR/USD: Friday’s move higher became both bigger and moreimpulsive than what we had in mind. On the other hand as aresult of the latest climb a five wave pattern up from early Feb is about to be completed.
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band as well as a band of resistance in the $1.3825/41 area, which contains former highs, a broken 61.8% retracement of the 2011/2012 decline and
Markets Outlook – Broken Records
Like New Zealand’s recent cricketing exploits, the economy is also breaking long-time records. The latest news of extreme, was in this morning’s Overseas Trade Indexes.
Weekly Forex & Interest Rate Outlook
Rallies in NZD/USD continue to be stymied by global mini-shocks, most recently tension in Ukraine and the engineered depreciation of CNY. Against that, NZ’s fundamental outlook remains solid,
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level last week the aussie headed lower with the pair closing below the 21-DMA ($0.8966) and
Daily Technical Report
EUR/USD bounced sharply yesterday,invalidating the short-term double-topformation. Hourly resistances now stand at1.3727 (intraday high, see also the 61.8%retracement) and 1.3773.
JPY strength. USD/CNH peaking? EUR/SEK higher.
EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce,
Daily Market Technicals
EUR/USD sees the daily and hourly studies remain weak. They now turn attention to moving averages at $1.3632/48. Further resistance is now at $1.3774 and the $1.3811/29 region from a number of daily highs,
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level earlier this week the AUD/USD headed lower with the pair dipping below both the 21-DMA ($0.8960) and