Technical Outlook
Markets Lack Conviction- Franc Bid Higher as Kiwi Slides
The Swiss franc outperformed all its major counterparts as markets drifted lower at the open. The dollar has remained well supported as investors remain unconvinced about an EU-Greek deal.
AUDUSD and NZDUSD Near Make or Break Pivot Levels
10565 and 8210 are trend defining levels for the AUDUSD and NZDUSD. Weakness below these levels would invalidate the bullish bias for the remainder of February.
USD/JPY Climbs Above 80; Targets 80.50 then 81.50
There is a break above the 80 handle and the USD/JPY continues to rally sharply since bouncing off 76.00. The daily chart shows a very bullish market the RSI pushes above 70 and 80. Although there it suggests near-term overbought condition, it also suggests strength in the break from recent bottoming process, and is a sign of bullish momentum in the medium term…
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
The Yen has been under some intense pressure in recent sessions and continues to ignore oversold readings, while the Pound has also taken a hit on a surprising 7-2 split in BOE Minutes…
EUR/NOK Attempting to Base After Testing Key Psychological Support
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
S&P 500 Chart Setup Calls for Losses, Hinting US Dollar to Recover
S&P 500 technical positioning calls for a bearish reversal below the 2011 yearly high, hinting the safe-haven US Dollar is set to recover amid risk aversion.
USD/CHF – Double Bottom Versus Expanded Flat Scenarios
After breaking above 0.9262 resistance, USD/CHF failed to extend beyond 0.93. From 0.93, the market slid to 0.9082, just below the previous consolidation support of 0.9088. Here we are seeing a bullish divergence. And even though the second low dipped lower, the 2 attempts can be seen as a double bottom
USD/NOK Testing Key Support by 200-Day SMA; Look to Buy
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
S&P 500 Looks for Direction Near 2011 High, US Dollar Treading Water
The S&P 500 remains perched near the 2011 yearly high waiting for clear directional cues while the US Dollar is treading water below Fibonacci resistance.
North American Markets Closed for Long Holiday Weekend
Price action for the remainder of Monday should be rather dull given the holiday closures in North America but we take the time to go through the latest developments…
Eur/Nok Oversold After Market Takes out Psychological Barrier; Look to Buy
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
S&P 500 Nears 2011 High as Dollar Chart Setup Sees More Weakness
The S&P 500 is on its way to test the 2011 yearly high as US Dollar technical positioning warns the safe-haven currency may see further near-term losses.
Explosive Euro Move on the Horizon
The EURUSD has whipsawed traders in February but strong trends are often born of a frustrating market environment. The outcome should be explosive.
CPI Data Trim QE Bets- Euro Well Supported as Yen Losses Accelerate
The yen remains under tremendous pressure with the low yielder off more than 4% this week alone. Here are the key levels to watch on the EUR/USD and USD/JPY.
AUDUSD and NZDUSD Supports Just Under Market
AUDUSD and NZDUSD weakness into 10700 and 8300 offer an opportunity to get long for February continuation.
Euro Aiming for Medium-Term Lower Top
Thursday’s break back below 1.3025 in EUR/USD could be sending a message to the entire market that risk correlated assets are once again at risk…
Euro, British Pound Gains to Yield Short Trade Setups
EURUSD: Candle Setup Hints Upswing Ahead USDJPY: Looking to Enter Long on Pullback GBPUSD: Bounce Seen as Selling Opportunity USDCAD: Muted Range Trading Continues AUDUSD: Looking for Channel Break to Sell NZDUSD: Doji Candle Marks Potential Top
EUR/NOK Testing Key Support; Looking for Bounce Over Coming Days
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
