Tag Archives: USD/CAD
FX Daily Majors
Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.
Daily FX Technical Strategy: JPY appreciation continues
Overnight profit taking in US equities saw the S&P move back within its multi-week rising channel. This is keeping US bonds bid, which in turn is providing near-term support for JPY.
FX Daily Majors
Today’s highlights: – EURUSD: Corrective downtrend persists after failure last night ahead of 1.2997 trendline resistance at 1.2972. The focus is now on the 1.2858/36/28 support cluster.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.2889/91 chart/minor 38.2% retracement support. We expect a rebound higher through 1.2997 towards 1.3048 resistance.
Daily FX Technical Strategy: USD double take
The trend to sell the dollar stopped last week and on Friday we saw the first signs of USD demand in two markets where recently it was particularly weak;
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3048 last Friday maintains the downward trend for now, with risk remaining lower to 1.2858/29 support zone.
Global Technical Watch – Quick Charts (Sep 20)
The break lower in crude oil warns of further near-term weakness. In FX, this turns our attention to the CAD, where net speculative positioning has built up to historical highs.
Technical Analysis
Only limited moves since Friday close. Perhaps time to catch the breath after the past two weeks returning risk appetite.
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2975/95 now exposes the 78.6% Fibonacci extension resistance hurdle of 1.3178. Corrections likely to hold above 1.2858.
FX Daily Majors
Today’s highlights: – EURUSD: Reverting back to the breakout support zone of 1.2727. Some rebound potential from here for back to test trendline and 200- day average resistance at 1.2838/50.
FX Technical Volume Strategy: USD/CAD – steady as she goes
The excitement of last week quickly faded yesterday and volume dropped swiftly. However there is little yet that suggests the overall squeeze is actually over.
Technical Analysis
$ in general under pressure with $ index back at levels not seen since the spring. US bond yields basically unchanged (after a rather volatile session)sinc Friday, GOLD continues to climb and so does many commodities (CRB into a bear divergence now…!) and the YEN to strengthen (ag the greenback but also soon ag the […]