FX Daily Crosses
Today’s highlights: - EURSEK: Market completes a bullish flag pattern off 8.3130 support after breaking above resistance at 8.3559. The risk is for a test of the 8.4019 pivot, and then a break above...
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Today’s highlights: - NZDUSD: Aggressive breakout higher results in the market advancing up to the chart resistance hurdle of .8350. We look for continuation in upside through here to .8418. - USDCAD:...
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EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region. Still corp buying...
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Today’s highlights: - EURGBP: A fresh lower low, as the downtrend persists lower towards the .8442/11 chart/38.2% Fibonacci retracement support cluster. - EURJPY: Threatening the 121.57 chart support...
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EURUSD – A relief rally o/n in asia as the headlines said ‘deal agreed’, although still a lot to be done. I not a massive believer in the upmove and feel the spike o/n has cleaned the decks of those...
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EURUSD – Mkt sold the fact yesterday stopping itself begrudgingly back into the short eurusd trade, helped in no small part by comments from the head of eurogroup finance ministers suggesting the...
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Today’s highlights: - USDJPY: Rebounding from the 93.35/45 support zone. Above immediate resistance at 94.96/95.00 allows the advance to continue higher for 96.14 minimally. - AUDUSD: Advance has now...
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EURUSD – Choppy would be an understatement but the trend remains to the downside. Long term and corporate buying slows the move and i expect this to continue but bias is still for lower. Target 1.2720...
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Today’s highlights: - EURGBP: Downtrend persists lower and is fast approaching the key .8442/11 support zone. In the event of a continuation below here, the market then turns its focus on .8300. -...
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Today’s highlights: - USDJPY: Back challenging the 93.39 medium-term trendline and chart support level. A break below here is needed to see further downside risk to 92.15 initially. - AUDUSD: Emphatic...
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Today’s highlights: - EURJPY: Aggressive upside reversal through 121.90 clears the way for a further advance towards 124.53 chart resistance. - EURSEK: Break above 8.3915 exposes the 8.4542/8.4630...
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EUR – Painful best way to describe yesterdays moves, with Draghi dovish and a break to marginal new lows at 1.2744 providing what we were looking for before eur fully reversed 200 pips as everyone, me...
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Today’s highlights: - USDJPY continues its dramatic surge higher and we stay bullish for 99.86/100 – 50% of the 2007/2011 bear market. An overshoot beyond here into the 101.27/103.10 zone now looks...
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EUR – German IP at 11:00. After last week’s brutal 3 big-fig rally, the dust should start to settle. Cross yen moves, weak US data and market position have been the drivers but I would expect fresh EUR...
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Today’s highlights: - EURJPY: Aggressive break above 127.71 confirms a bullish “triangle” continuation pattern for 132.04 next. - EURCAD: Dramatic bullish reversal through the trendline at 1.3300...
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Today’s highlights: - USDJPY is on the cusp of our 99.86/100.00 next target – the 50% retracement of the 2007/2011 bear market. We look for this to cap at first, ahead of a push into the 101.27/103.10...
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Today’s highlights: - EURNOK: We look for the rebound off 7.4334 trendline support to continue, with a push above 7.4851 needed for the next leg higher. - EURGBP: Break above .8524 exposes .8571/76...
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EUR – The price action yesterday was death by a thousand cuts, with low volume and a slow stuttering squeeze. We ran out of steam rather than ran into supply at around 1.3100 and I sense buyers were...
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Today’s highlights: - EURJPY: A new high leaves the focus on 132.04 – the 50% retracement of the 2008/2012 bear market. - EURNOK: Break above 7.4851 exposes 7.5011, which can cap at first. - EURSEK:...
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Today’s highlights: - USDJPY has achieved our 99.86/100.00 target – the 50% retracement of the 2007/2011 bear market. This should be allowed to cap at first, ahead of a move to 101.27/103.10. -...
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