Tag Archives: EUR/USD
Technical Alert
Eventful day in the commodity universe with gold collapsing following the 1522/27 key support break, copper, oil and more taking a real beating. Accordingly CAD is weaker.
EUR/USD Analysis
The pair is currently trade near session lows at 1.3064 from previous weekly close Friday at 1.3112, on the back of a broad USD and Yen bid move.
FX Daily Majors
Today’s highlights: – EURUSD: A bullish outside day keeps the immediate focus on resistance next at 1.3147/63.
FX Technical Volume Strategy: NZD/USD bullish interest increases
– Not only is volume rising along with price in April, NZD/USD also posted its 6th strongest volume seen over the past year which is encouraging for the bulls.
Morning FX Market Commentary
On Thursday, EUR/USD reached a minor correction high. The test of the 1.3107/34 resistance area continues, but no clear break occurred (yet).
Technical Alert
Yesterday basically developed in the same way as the preceding day expect oil with ended its correction and fell relatively hard. EURUSD continues to struggle in the low end of the target range,
EUR/USD Technical Analysis
(1,3118) The EUR/DOLL failed to confirm the negative day reversal forming instead a positive outside day with 1,3150 – 1,3030 the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Potential Bullish Engulfing On Wkly Chart. The pair continues to test the upper daily Bolli band as initial res at $1.3146, while current price action slips above 38.2% level at $1.3112.
EUR/USD Analysis
Closed in NY Thursday at $1.3102 after rate had pulled back following a second rejection from the $1.3138 level,
Daily FX Technical Strategy: NZD flies on QE
The BoJ’s quantitative easing has led to an accelerated search for yield elsewhere. In A yen for yield, we highlighted the bullish risks for NZD, AUD, and MXN against the JPY.
FX Daily Majors
Today’s highlights: – USDJPY has achieved our 99.86/100.00 target – the 50% retracement of the 2007/2011 bear market. This should be allowed to cap at first, ahead of a move to 101.27/103.10.