Tag Archives: USD/CAD
FX Daily Majors
Today’s highlights: – EURUSD: Downtrend continues lower, and after the break through 1.2740 the focus now shifts to the 1.2502/1.2474 support cluster.
FX Daily Majors
Today’s highlights: – EURUSD will ideally hold below 1.2875/86 to maintain its top, for a decline to 1.2502/1.2474. – USDCHF is expected to hold support at .9380 to maintain its base, for further strength to .9503 next.
Technical Analysis
More CAD (& NZD) weakness, JPY up, weaker equities… EUR/USD Still supportive forces at play… USD/JPY Testing key support… USD/CAD Attempting to break 1.0020… EUR/SEK Low end of support zone… USD/SEK Sliding back into the 55d band… EUR/NOK Overextended decline.
FX Daily Majors
Today’s highlights: – EURUSD completes a bearish “outside range” day, but needs to remove 38.2% retracement support at 1.2740 to reinforce the top. – USDCHF stages a strong recovery to maintain its base, and we look for further strength to .9503 next.
FX Daily Majors
Today’s highlights: – EURUSD: Rebound higher brings the market back up to throwback resistance at 1.2875 as anticipated. Some overshoot above here expected, but we look for 1.2907 to cap.
A monthly run through the long-term charts
The euro is still facing headwinds and German yields are still trending lower The ECB EUR index has been allowed a correctional lift to re-check into the lower end of the still sharply falling 12mt Moving Average band, which represents resistance together with a 2009-2012 descending top line and the 2010 lows near the 100-mark.
Daily FX Technical Strategy: USD/JPY turns as US tens beak down
Recent moves in rates markets are spurring activity in FX space. The downside break in US 10y yields signals a further pullback within range.
FX Daily Majors
Today’s highlights: – EURUSD: Market completes a top through neckline support at 1.2870, while also prodding below the 200-day MA. We see risk to 1.2740. Below here exposes 1.2502.
FX Daily Majors
Today’s highlights: – EURUSD: Reverting to the 1.2882/70 support zone. We expect the market to break below here as well at 1.2803, to challenge the 1.2740 – 38.2% Fibonacci retracement.
FX Daily Majors
Today’s highlights: – EURUSD: Doji reversal yesterday and defence of the 1.3024 chart resistance hurdle points to a return to challenge the 1.2882/70 support zone. We expect lower to 1.2803
Daily FX Technical Strategy: Euro drifting into trouble?
Volumes picked up a touch into the month-end, but support for the euro appeared to evaporate and the post OMT bounce seems to be losing its spring.
Technical Analysis
It’s not overly exciting out there at the moment… EURUSD & EURJPY shows diverging directionals this morning with the former below 1.2945 would target the high-1.28s while the latter over 104.05 & 104.43 would target levels above last month’s high…