Tag Archives: EUR/JPY
Daily Technical Report
EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).
UBS Morning Adviser
Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and
Daily Market Technicals
The $1.3647-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and
EURJPY – countertrend rally unfolding with clean A-B-C rally to 139.75/85
We have been looking for a “countertrend rally….[to] 139.43/140.17”. The A-B-C correction higher is unfolding with very clean wave forms and we are honing in on the 139.75/85 zone.
FX Daily Majors
Today’s highlights: NZDUSD remains poised for a test of key price support at .8432, below which should trigger a decline towards .8416.
Daily Technical Report
EUR/USD remains in a short-term bearishtechnical structure as long as prices stay belowthe resistance at 1.3650 (27/05/2014 high, seealso the declining trendline).
UBS Morning Adviser
Should central banks pay more than lip service to domestic rebalancing? The RBA decision overnight probably lacked the suspense of the ECB.
Daily Market Technicals
The $1.3645-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and see immediate focus shift back to
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
UBS Morning Adviser
Euro weakness or dollar strength? With the ECB likely to ease again on Thursday,
Daily Market Technicals
The $1.3644-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and see immediate focus shift back to the 21 & 100-DMA’s.
EURJPY – countertrend rally now after 5-wave decline (139.43-140.17)
The cross has completed a clean 5-wave decline, the one knock is that wave-(v) is small and so we have to be open to an extension lower yet.