Tag Archives: EUR/JPY
Daily FX Technical Strategy: Bid USD is facing strong resistance
Investors appear to be falling for the USD, but they are not totally smitten. Overnight the dollar has ralllied within its recent trading range, reinforcing the profit taking signals that we noted yesterday.
Technical Analysis
Euro to decline? NOK/SEK to take off! EUR/USD – spiked above the neckline…GBP/USD – potential top formation…EUR/JPY – correction in its latter stage…EUR/SEK – still stuck in the doldrums…EUR/NOK – low end of parallel channel…USD/CAD – bullish print to take note of.
Behavioral Finance: Daily Forex Outlook: Draghi attempts to anchor expectations lower
EUR USD (1.3265) Although the eurozone ministers rejected the tortuously negotiated Greek deal as insufficient to disburse the next tranche of the bailout package, the euro hardly mirrored any volatility, an indication that investors have become weary about the whole Greek issue.
Daily FX Technical Strategy: Pullback within greater trends
The bearish breakout in German 10y yields is helping to support the EUR. In particular, both the EUR/AUD and EUR/AUD crosses are staging near-term bounces as profit taking leads them toward the January highs.
Behavioral Finance: Daily Forex Outlook: Markets await last-minute Greek deal
EUR USD (1.3275) There is yet another Greek moment building up today. Given that the chairman of the Eurogroup Juncker has called a meeting on Greece and the IMF is included, the market is again anticipating some sort of endgame to be played out – after all, reports emanating from Greece suggest that only €300 […]
FX Market Technical Research
EUR/USD remains at the top of the 1.3280 range, leaving the dilemma over direction STILL unresolved. This move can be perceived as either a return to point of break out from the previous uptrend (see weekly chart on the next slide) or a break higher from a bull flag pattern.
Technical Analysis
Still an euro friendly environment with EURUSD remaining on a northern track, aiming ideally at the 1.34-area, EURJPY making a second attempt higher, holding potential for a 104.37 move, EURGBP forming a possible pressure cooker upside formation,
EUR/JPY Technical Analysis
(102,70) The EUR/JPY confirmed another strong closing last night well above the top of the previous session supporting a test of the 100 days line at 102,90. The indicators of the daily chart are still well positive but already showing potential negative reversals and on top of that approaching the overbought area.
Asian Summary
EUR opened at $1.3260 in Asia after a day of headline watching as the Greek debt deal saga lingers on. Latest reports show that the Greek political parties still disagree on an aspect of the Troika’s pension reform which is required to sanction the 2nd bailout package.
Behavioral Finance: Daily Forex Outlook: The euro breaks to the upside, finally
EUR USD (1.3245) The euro delivered an impressive performance yesterday. It broke out of the range set over the last two weeks and reached the highest level this year. Given that on Monday traders attempted to push the euro out from the congestion towards the downside, one must therefore interpret a tone of a short […]
FX Market Technical Research
EUR/USD is right at the top of the 1.3280 range, this represents a return to point of break out from the previous uptrend (see weekly chart on the next slide). However the move yesterday looks directional and that the market appears to be breaking higher from a bull flag pattern.
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…