Tag Archives: EUR/CHF
Daily FX Technical Strategy: NOK shadows oil
The spike in crude oil prices to new 2012 highs overnight is lending support to the NOK. EUR/NOK is being driven relentlessly lower and following a weeekly close below 7.4190, we would be encouraged to target the 2003 low at 7.2175.
Markets steady ahead of the ECB’s LTRO giveaway
The last day of an extended February and the latest EBC LTRO giveaway looming tonight led to a quiet, range-bound session for Asian markets, though risk was generally favoured in the first half of trading.
Daily FX Technical Strategy: EUR/USD changes trend
The speed of the USD snapback yesterday caught us by surprise even though we were wary of renewed USD profit taking at lower levels. Unlike earlier in the week, this time the turnaround has caused chart damage to the 2012 downtrend.
FX Daily Strategist: US
FX trading risk-off today on yesterday’s Greek disappointment FX markets are trading a classic risk-off theme this morning given yesterday’s slip back in progress on Greece. The USD is bid across the board (barring GBP), and the EUR is stronger vs. high-beta/yield (AUD, NZD, and SEK) but softer against the relative lower yielders (USD, GBP […]
EUR/CHF Technical Analysis
(1,2105) EUR/CHF is still well bid above 1,21 but it still failed to confirm the s/t target of the S_H_S formation at 1,2142!! The indicators of the daily chart are still in positive territory while those of the s/t ones are mixed suggesting some more consolidation in the s/t charts.
EUR/CHF Technical Analysis
(1,2110) EUR/CHF confirmed a move above the neck line suggesting a possible extension of the move up towards a possible s/t target at 1,2142!! The indicators of the daily chart are already recovering above the line and also those of the s/t ones are in positive territory supporting higher levels.
Technical Analysis
It’s a euro relief rally… possibly towards 1.34 in EURUSD and above 102.50 in EURJPY… This move is also felt in EURCHF which is eyeing resistance at 1.2110 – an opener for 1.22 (the yearly high) and in EURAUD where a bullish “Key-day reversal” is in the making…
EUR/CHF Technical Analysis
(1,2065) EUR/CHF is confirming further consolidation. In the hourly chart we have still a potential reversed S_H_S formation with the neck line at 1,2085!! While above the 200 hours line at 1,2059 we favour higher levels.
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.
FX Market Analysis
A reluctance to place new bets ahead of key U.S. employment data trumped economic data and the trickle of euro-crisis headlines in European trading hours Friday, as major currencies generally held within tight ranges.
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.
EUR/CHF Technical Analysis
(1,2062) EUR/CHF is still consolidating below the 200 hours line today at 1,2063; the holding of this line will favour further weakness, scenery supported by the negative reversals in the hourly chart. In the hourly chart we have a potential reversed S_H_S formation with the neck line at 1,2063!!