Technical Analysis
Daily Technical Report
EUR/USD remains supported by its risingchannel (see also the support at 1.3692). Thebreak of the initial resistance at 1.3728 (intradayhigh) validates a tiny base formation, whichfavours a test of the resistance at 1.3773.
EUR/SEK downside correction, bonds in demand
EUR/USD: Last week ended with the highest weekly close of the year(and a third consecutive weekly winner). Together with thebreak above 1.3732 the behavior suggests more topsidepotential near term and
Daily Market Technicals
GBP/USD holds just under the 5-DMA of $1.6660 as bears focus on weakening daily studies and Fibonacci retracements of the February advance at $1.6605 and $1.6537.
Weekly Forex & Interest Rate Outlook
The slowdown in China’s growth has hurt the NZD but on the flip side, a soggy patch of US economic data has weighed on the US dollar. That has left NZD/USD in a neutral position, unable to breach the 0.8400 resistance area.
Inflationary Consequences
With the force of New Zealand’s economic upswingnow well accepted, attention should be turning to theinflationary consequences of it.
Asian Currencies Technicals
Last week’s repeated attempts to head higher remained capped ahead of the 38.2% Fibo and Jan monthly high with the pair ending the week marginally above the rising daily channel base ($0.8953).
Daily Technical Report
Trying to bounce near the support at 1.3692. EUR/USD has recently weakened. However, it remains supported by its rising channel
EUR/GBP higher, USD/NOK buy the dip, EUR/HUF
EUR/USD: It is currently impossible to tell whether we now have apremature (should have been above 1.3774) peak at hand orif the 1.3774+ move still is lurking.
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 $1.3686 and moving averages at $1.3661, $1.3623/38.
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and see focus shift to layers of resistance in the
Daily Technical Report
EUR/USD has broken the key resistance at1.3739, opening the way for a move towards theresistance at 1.3819. Hourly supports can befound at 1.3692 (see also the short-term risingchannel) and