Tag Archives: EUR/CAD
FX Daily Crosses
Today’s highlights: – EURGBP: Aggressive rally brings the market back up to .8228 resistance. We expect an extension above here to challenge .8263 38.2% Fibonacci retracement.
FX Daily Crosses
Today’s highlights: – EURGBP: Pausing at .8165 resistance, but broader bias remains higher for .8228 and then .8263 whilst above the .8075/85 support zone.
FX Daily Crosses
Today’s highlights: – EURGBP: Advance continues with the focus remaining on .8228 resistance high and then extension risk to our target 38.2% retracement at .8263.
Technical Alert
Time for USDJPY to correct the short- medium term stretch… EUR/USD Checking mid-1.31 resistance… USD/JPY Time to correct some stretch…
Market Spotlight: EURCAD fails at long-term downtrend
The market has failed at its long-term downward trendline and 200-dayMA for the second time. This hints at a top, with risk through 1.2649 to 1.2320.
FX Technical Volume Strategy: Interest to sell EUR/CAD grows
– After the quiet start to the month on Thursday, overall volumes on Friday returned to average levels for the year. – EUR/CAD triggered a topping pattern on Friday and rising volume levels signal that investors are confident to sell. Our initial target is in the 1.2670 area.
Technical Analysis
The euro got it on the chin (again) yesterday and finds itself in a group of underdogs, or perhaps as the leader of the pack… EURUSD is seemingly set to take out the monthly low of 1.2804 now…
EURCAD – a thousand more pips of upside on further squeeze?
Last week we warned of the risk (to the upside) from positioning in EURCAD almost regardless of the outcome of the critical event risks. Friday’s blow-out rally could be just the beginning.
FX Daily Strategist: Europe
* Political events in Europe should further restore confidence in the EUR The EUR held onto its Tuesday recovery throughout the remained of the New York and Asia trading sessions, but the lack of a rebound in the commodity currencies and large moves in EURAUD, EURCAD and EURNZD reflects that much of the move likely […]
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.
Global Technical Watch – Quick Charts
A consistent breakdown in several EUR crosses warns of bearish follow-through for EUR/SEK and EUR/NZD. EUR/AUD is approaching year lows near 1.2130/50, and a break below this zone likely would add to the bearish evidence.
Daily FX Technical Strategy: Eurozone back in the picture
We are concerned by the recent widening of some eurozone spreads such as those of Italy and Spain vs Germany. Although these spreads are well away from the peaks seen earlier this year, the risk is for near-term pressure to remain on the EUR.