Tag Archives: USD/CAD
Technical Analysis
The dollar is a standout winner – against everything… EUR/USD Another markedly bearish print… USD/JPY Testing overhead resistance… USD/CAD A late bloomer picking up speed… EUR/SEK A European 600pips gap!… USD/SEK M/T ref bullishly cleared… EUR/NOK Not done eyeing the 7.6530 ref… USD/NOK Pursuing an upper parallel… AUD/JPY Next downside ref insight.
Technical Analysis: Open long USD-CAD
With momentum turning higher (5 day moving average crossing above the 40 day moving average), the long term trend higher (200 day moving average sloping up) and a bullish Elliott Wave structure we open a long USD-CAD position at 1.0030 in medium size.
Technical Analysis
Seeking new AUD lows, SEK taking a beating… EUR/USD More congestion seen… AUD/USD Topside spike points lower… EUR/SEK Channel ceiling in focus… USD/SEK 7.0365 up for grabs… EUR/NOK Closed above the flag… USD/NOK Pressure cooker break… EUR/GBP BIG volume – non trending day… USD/CAD Next attempt at resistance.
Technical Analysis
Commodities & their FXers pressured and Europe has a headache… EUR/USD Serious sub-1.30 attempt… AUD/USD Testing the downside stretch… USD/CAD Shooting at high end of range… EUR/SEK Likely popping resistance soon… USD/SEK Over 6.8820 would call for ~6.95… EUR/NOK 7.60 resistance under pressure.
Technical Analysis
$ comeback, commodity universe hit… EUR/USD Gapped lower… AUD/USD Exited the bear flag… EUR/JPY Gapping below the neckline… EUR/SEK Topside pressure mounting… USD/SEK Trying the key resistance… EUR/NOK Bull flag exit underway… USD/NOK Powerful break higher likely… USD/CAD Longs are extremely exposed.
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: Plunge from trend barriers (1.3275/3300) through trend/chart supports (1.3200/1.3157) aims for 1.3058. * NZDUSD: Break of chart/200-DMA support, to prod key .8059/50 foundations and signal a bigger top and more bearish outlook into Q2 towards .7920 and .7790 retrace targets.
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: “Inside/outside” pattern caution this week reflects reluctance to overcome trend barriers, now 1.3280/3305. Risk now through trend and chart support (1.3200, 1.3157) towards 1.3058.
Technical Analysis – FX Daily Majors
Today’s highlights: GBPUSD: Soaring through our target area at 1.6064/90, to now eye the Q4 2011 peak, 1.6167, which we look to cap near term. But mid-Q2 risk is higher to our 1.6350 retrace target.
China rate cut rumours circulate in Asia, raising risk appetite
Another session of consolidation for currencies during the Asian session with data releases second-tier. Just prior to the lunch break, rumours circulated of an imminent China rate cut which saw both the Shanghai Composite and risk in general better bid.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: Holds at key near-term support target, 80.58, but only above 81.88 eases downside risks. · AUDUSD: Push above trend line resistance from February eases immediate bear threat, but 1.0465 is needed for a small base (which we would look to cap).
Technical Analysis – FX Daily Majors
Today’s highlights: USDJPY: Another “bearish “outside” pattern plunges towards key near-term support target , 80.58, which we look to hold near term.
Daily FX Technical Strategy: European concerns
European problems are not going away. Last week was the worst week so far this year for key US and European equities and the US and German rates markets responded accordingly with a bid. That the US/German yield spread is testing the lows of this year is a telling sign for Europe.