Tag Archives: USD/CAD
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.
Daily FX Technical Strategy: A growing sense of foreboding
Investors are watching and waiting ahead of the EU summit later in the week. What movement there is in markets suggests that expectations are becoming more pessimistic.
Technical Analysis
Key-day reversals were yesterday printed in many major markets, indicating that the post Greek election fast faded. EURUSD & Co. ought to build up renewed downside (USD bullish) momentum, perhaps with the aussie being a tad more resilient as it looks like AUDUSD must test 1.0170\1.0250 before turning south again.
Daily FX Technical Strategy: Short covering continues
A risk revival gathered pace yesterday as short covering continued across asset classes. Commodity currencies rallied on heavy volume and a completed Double Bottom in NZD/USD implies further marginal upside this week. USD/JPY is in the spotlight today as once again it attempts to close above its 21 day average, for the first time since […]
Technical Analysis
Correctional forces at play… EUR/USD Still near-term correctional… USD/JPY High in near-term resistance… USD/CAD Correcting a prior stretch… EUR/SEK Contesting near-term resistance… EUR/NOK Now targeting +7.67 (& +7.70)… USD/SEK Could still test the 21day EMA… EUR/PLN Zloty buyers in from left field.
Technical Analysis
USD & JPY strength on hold, gold surge, oil not…. EUR/USD Corrective forces at play… EUR/JPY Enough selling for now?… EUR/SEK Up from the base formation… USD/SEK Pause not turnaround… EUR/NOK Full speed ahead!… NOK/SEK Completed correction?… USD/CAD Higher but not without a stretch.
Daily FX Technical Strategy: EUR suffers from US antipathy
US investors returned from their long weekend and resumed trading as they had left off the week before: selling the euro and buying the dollar. Eurozone troubles remain a clear concern and with the euro sliding to a new 2012 low for the year today against the USD, CAD and TRY, near-term risks are for […]
Daily FX Technical Strategy: EUR crosses take the strain
Evidence for a short term risk respite continues to mount… outside the eurozone that is. A reversal day in the Shanghai Composite implies further near-term upside potential and this is reflected in the commodity currencies where momentum is calling for a corrective bounce. Spanish problems, though, continue to be a drag making euro cross trades […]
Technical Analysis
EUR/USD could temporarily give back some recent losses… EUR/USD Correcting the stretch… EUR/GBP Contesting the 21day EMA… USD/CAD Near-term momentum loss… EUR/SEK Still looks like a bullish triangle… USD/SEK Taking care of the stretch… EUR/NOK Should contest 7.68 this week… NOK/SEK Checking support at 1.1930.
Technical Analysis
Not much is better than when we left desks Wednesday… Dollar strength remains on the fore, but now likely with EURUSD in a grind lower than in a freefall… EURGBP could even give back some more losses near-term…
Currency Weekly: EUR: Greece is shaking the decision tree
As the markets try and gauge the likelihood of a Greek exit from the euro, we present a simple hypothetical decision tree. It provides a framework for analysis of this complex problem. This is not a forecast but one way of looking at the problem for the EUR.