Technical Analysis
Daily Technical Report
EUR/USD has broken the support at 1.3692,validating a short-term double-top with animplied target at 1.3611. Monitor the hourlysupport at 1.3657 (see also 38.2% retracement).
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
Daily Market Technicals
EUR/USD sees the daily hourly studies turn lower as bears push through the support line and below the 5-DMA, which turns initial resistance at $1.3720.
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level the AUD/USD has headed lower once more with the 21 and 55-DMA’s in the sights.
Daily Technical Report
EUR/USD continues to move sidewaysbetween the support at 1.3692 and theresistance at 1.3773. The current mild correctionin prices (less than 38.2% retracement) and
USD/CHF a buy? NOK buying drying up
EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside.
Daily Market Technicals
EUR/USD sees continuing risks of the daily and hourly studies turning lower, although recent price action is forming a triangle pattern, which favours a break higher.
Asian Currencies Technicals
AUD/USD bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with
Daily Technical Report
EUR/USD is moving sideways between thesupport at 1.3692 and the resistance at 1.3773. The current mild correction in prices (less than38.2% retracement) favours a short-term bullishbias.
USD/CAD in the buy zone. USD/TRY higher.
EUR/USD: With the slimmest of margins the market failed to take outthe 1.3774 resistance and completing a five wave advance.
Daily Market Technicals
EUR/USD sees continuing risks of the daily and hourly studies turning lower as bears get ready to focus on a minor support line at $1.3721 and moving averages at $1.3638/42/61.
Asian Currencies Technicals
AUD/USD has bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with a close above needed to