Tag Archives: EUR/JPY
Global Technical Watch – Profit taking
Following an unfavourable response to nonfarm payrolls over a week ago, the S&P 500 posted its strongest bearish week since the uptrend began in Q2. This is undermining the recent bullish trends in gold and Brent, as profit taking is taking centre stage.
FX Market Technical Research
EUR/USD: Euro-Dollar Fails To Close Above 21-DMA. Daily tech studies remain muted while Euro-dollar fails to close above the 21-day moving average and remains below the resistance line from the Sept high.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Support found at .8022 signals the correction was shortlived, and we expect an advance through .8103/15 to target .8157 initially.
FX Daily Majors
Today’s highlights: – EURUSD: Bullish outside reversal day off the 200-day average signals a recovery is underway for 1.3074 to 1.3172/8 initially.
FX Market Technical Research
EUR/USD: Recovery Capped By The 21-Day Moving Average. EUR/USD recovery failed to make headway against the 21-day moving average, now initial resistance, with support now coming from the 23.6% Fibonacci level at $1.2906 followed by strong support seen at the 200-DMA at $1.2825.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
Technical Analysis
EURUSD slowing its decline approaching the important 1.2803 key support, EURJPY same thing homing in on the 99.64 support (setup is however clearly bearish), CABLE forming a small bear triangle so soon to break lower,
FX Market Technical Research
EUR/USD: Pullback Through 21-Day Moving Average. The pair fails ahead of the one-year trendline, now at $1.3089, falling back through the 5 & 21-DMAs, which turn initial resistance at $1.2930/58 with support now at the 200-DMA of $1.2823.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Market posts a bearish outside day, suggests correction set to continue to .7978. Broadly, we still see risk higher through .8103/15 to .8115 and then ultimately .8263.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
FX Technical Volume Strategy: EUR/JPY sell-off losing interest
– Volumes jumped back toward average levels for the year as US and Japanese investors returned to the markets. – The recent downturn in EUR/JPY and USD/JPY along with falling daily volumes suggests lack of commitment to JPY strength and limits downside potential for these currency pairs.
Global Technical Watch – EUR pullback
Near-term signals favour further USD strength as the US dollar index is emerging above two-month channel highs. While EUR/GBP posted a Bearish Reversal Day against its 200-day average (resistance),