Tag Archives: AUD/USD
A monthly run through the long-term charts
MAJORS FX: The dollar index violated a medium-term important “B-wave high” at 81.44 and this points closer to prior tops at ~89, but the bullish move wasn’t sustained and the low monthly close somewhat dilutes a bullish stance.
Technical Analysis
AUD @ resistance, NOK/SEK @ support & silver bid EUR/USD – Still stuck in the 55d ma band…AUD/USD – At least short term exhausted…EUR/GBP – Hanging below the flag…
FX Market Technical Research
EUR/USD charted an inside day to leave our outlook unchanged – we remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November. However chart action at this juncture is not at all clear.
AUD/USD Analysis
Opened at $1.0712 after trading $1.0680-1.0747 in Europe and NY yesterday. Model fund sales in EUR/USD softer equities and a weaker Chinese non-manufacturing PMI led the pair lower in Asia from early highs of $1.0715 through some weak stops at $1.0680 to $1.0672.
Technical Analysis: Ending diagonals in Euro Stoxx & Gold
The bear market rally is doing its job and sucking people back into a bullish mindset. But the ending diagonals / rising wedges in Euro Stoxx and Gold are particularly dangerous patterns for bulls as they usually end in sharp down moves.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Bearish “outside” pattern back from topping resistance at 79.50/70 leaves risk now to our correction target at 78.30/77.90 · EURUSD: Topping questioned, but whilst below 1.3235/44 prior support violations leave risk lower to 1.3026 (recent low/13-day EMA) and on to 1.2931 next
FX Market Technical Research
EUR/USD while we remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November, chart action at this juncture is not at all clear. The erosion of the near term uptrend has provoked NO follow through and we could even argue that there is a potential ‘bull flag’ developing.
AUD/USD Analysis
Opened in Asia at $1.0705 after a strong rally yesterday from lows in $1.0570 in early europe yesterday. A strong EUR rally on expectations of a quick result to the Greek debt swap with private creditors led a sharp rally in EUR/USD.
FX Market Technical Research
EUR/USD has failed at 1.3245/50, the 38.2% retracement of the move down from November. It has eroded its short term uptrend and we regard this as negative price action – it suggests the correction is over and the market has resumed its downmove.
Technical Analysis
The euro is back on a losing streak and so is EuroStoxx…EUR/USD 1.3070 Dollar bears never walk alone…EUR/JPY 99.55 “B-wave low” exposed…AUD/USD 1.0585 “Double-top” in the making?…EUR/SEK 8.9050 There’s upside juice still left…
AUD/USD Analysis
Opened in Asia at $1.0615 after lows in NY of $1.0588. The pair has resisted falls seen in the EUR/USD, as the cross crashed off again from above the A$1.2400 level yesterday. Early AUD/JPY demand assisted an initial rally this morning in AUD/USD to $1.0632 before fixing supply in Tokyo pushed the pair back to […]
Technical Analysis
Yesterday’s bearish EURUSD print is already questioned today, but over 1.3245 is needed to lift the (correctional) sight to the 1.34s… USDJPY is lower with lower US yields and may continue towards the Oct’11 75.30 low if/when US yields continue lower…