Tag Archives: USD/CHF
FX Market Technical Research
EUR/USD: The break out of Monday’s inside day in the EUR/USD should determine the trend for the next few days. Since the break has been to the upside, the 1.3550 December high is now being targeted.
Behavioral Finance: Daily Forex Outlook : LTRO2 could also augur well for the euro
EUR USD (1.3445) On the eve of LTRO2, the ECB’s president has reasons to feel some satisfaction. Data published by the Bank on Monday confirms that Italian and Spanish banks increased their respective domestic sovereign bond portfolios by impressive amounts.
Measuring and analyzing positioning, flows and trends in the FX market
More active bets on falling JPY and less so on GBP The IMM data for the period 15-21 Feb revealed: The JPY net speculative long position fell further but was this time driven by added short contracts and not by reduced long contracts as was the case last week.
FX Market Technical Research
EUR/USD has cleared the 1.3322 resistance and at this point we must allow for a further rally near term towards the top of its 6 month down channel at 1.3520 currently. The 50% retracement at 1.3435 (of the sell off from the October high) is likely to offer some interim resistance en route.
FX Market Technical Research
EUR/USD is sidelined and is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.
FX Market Technical Research
EUR/USD as expected is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.
Daily FX Technical Strategy: EUR/USD changes trend
The speed of the USD snapback yesterday caught us by surprise even though we were wary of renewed USD profit taking at lower levels. Unlike earlier in the week, this time the turnaround has caused chart damage to the 2012 downtrend.
FX Market Technical Research
EUR/USD remains under pressure and we look for 1.3000 to be eroded soon. This will leave the market directly offered and on course for 1.2891/54 (61.8% retracement of recent leg higher) then the 1.2624 January low.
Daily FX Technical Strategy: Risk surge keeps USD on the back foot
Overnight the Sensex has gapped above its October 2011 high, reversing the downtrend of the preceeding 12 months. This is a fresh example of the improving risk outlook that has taken hold in 2012 and we note that the USD has also weakened overnight, backing away from the important resistance threatened by recent profit taking.
FX Market Technical Research
EUR/USD has sold off towards the 55 day ma at 1.3067, which together with the 38.2% retracement of the last leg up at 1.3056 appears to be holding the initial test. Rebounds from here should remain tepid – the market has recently severed its short term uptrend, this in conjunction with the divergence of the […]
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: An “outside” pattern already today (bullish?) aiming for key 200-day MA at 78.05 and then range resistance at 78.31. Above secures firmer Q1 base · EURUSD: Hinting at a small top, but still needs a close below 13-day EMA, 1.3125, to aim for 1.3026 next. Through here confirms
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Friday erosion hints at a top, but close through the 13-day EMA, now 1.3125, needed to confirm. Otherwise, risks remain higher this week