Tag Archives: USD/CHF
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
FX Daily Majors
Today’s highlights: – EURUSD: Correcting lower from flagged trendline resistance at 1.3140. Our bias remains bullish and we expect this correction to gain traction and rebound higher from 1.3005/1.2993 support zone.
FX Daily Majors
Today’s highlights: – EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline resistance in the interim.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
FX Daily Majors
Today’s highlights: – EURUSD: Support is found at 1.2891 turning the focus higher again for through 1.3011 to challenge the 1.3074 hurdle initially.
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.
FX Daily Majors
Today’s highlights: – EURUSD: Bullish outside reversal day off the 200-day average signals a recovery is underway for 1.3074 to 1.3172/8 initially.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at the 200-day average at 1.2823, importantly ahead of the 1.2803 range low. We are turning bullish for 1.3074, then 1.3172.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes the key 1.2803 chart support level and then the 38.2% Fibonacci retracement of 1.2740. – GBPUSD: Testing the key 1.5959/60/66 support cluster. We look for a rebound from this support zone higher, back towards 1.6217. However, below would expose 1.5873/25.