EURUSD still stuck at the 1.3000 pivot area
EURUSD can’t make up its mind despite the wall of negative EU data yesterday as the USD has been under pressure from resurgent risk appetite. 1.3000 remains the pivot area in the wider range.
View ArticleUSDJPY slips below 80.00 – where is support?
USDJPY impressed recently with the rally pulling the pair well above 80.00 yesterday. That level is slipping this morning after more bad news out of Wall Street last night as we look for where the pair...
View ArticleEURUSD: 1.3000 magnet still holds sway
The 1.3000 magnet in EURUSD continues to hold its power as yesterday’s rally from short term support suggests that the market wants to wait until after Election Day to cast its vote on a larger...
View ArticleGBPUSD testing key retracement level
The zany GBPUSD chart is rallying from a dip once again to key a key Fibonacci resistance that has held twice before – will it hold again today or will GBPUSD test higher from here.
View ArticleAUDUSD: Another day, another reversal
AUDUSD tried above 1.0400 yesterday and overnight, but too many event risks in the pipeline mean that we may not get a directional commitment from the pair until after the US election.
View ArticleEURUSD: the break coming at an awkward time
With EURUSD moving below a couple of key support levels this morning, we look back at previous big breaks in EURUSD that have come at awkward times - each with its own interesting lesson.
View ArticleAUDCAD: waiting for mean reversion
AUDCAD rallies have ended in AUDCAD sell-offs for the last 18 months or more, but let's see here the Aussie heads on the other side of this Chinese leadership transition.
View ArticleNZDUSD: model of uncertainty
The NZDUSD chart is an excellent illustration of the inability of this market to get any directional move going as the recent rally puts the pair back in the longer term trading range after a false...
View ArticleLast ditch resistance for EURUSD
EURUSD has traded through the major lines of resistance in a thin, US holiday period, but some might argue that the last shreds of local resistance are still in place – as the pair looks to swing...
View ArticleEURUSD techs – something for everyone
As usual, there is something for everyone in the technical look at the EURUSD chart, though the onus is on the bears to prove their point of view after last week’s squeeze higher.
View ArticleWhere is USDJPY support?
USDJPY remains in consolidation mode as we scope out where the pair might find support during this period of consolidation, from a look at Ichimoku implications and Fibonacci retracements.
View ArticleEURAUD makes a move above big resistance
EURAUD is breaking above its 200-day moving average and flatline resistance above 1.2400 today, putting a squeeze on stale shorts in this pair as the EU tail risk trade continues to unwind.
View ArticleEURCHF on the move – for how long?
EURCHF is finally on the move again as EU tail risk gets priced out of the picture and as we have negative interest rates declared on Swiss deposits. Can this continue?
View ArticleEURGBP set for more downside after ECB
EURGBP has executed a considerable pivot lower over the last couple of days and the action suggests that a move lower still awaits - to at least the 200-day moving average.
View ArticleTactical GBPUSD scenario from here
The GBPUSD sell-off rejected the previous move above 1.6050 and is a challenge to the bulls in the shortest term. Today, let’s look at a possible further consolidation scenario from here.
View ArticleAUDUSD failing to commit yet again?
The AUDUSD chart continues to confound - as the short term resistance break and break of the trendline failed to blossom - AUDUSD won't be able to stay on a roll if we don't see a risk melt-up.
View ArticleZoom out on EURAUD
The move in EURAUD looks quite impressive, but the question is whether we've just barely gotten started on a bigger move in this pair.
View ArticleAUDUSD: lines in the sand, and an MA of note
AUDUSD has been biding its time in an ever-shrinking range, unable to commit lately to either direction as all of the focus has been on the JPY and the EUR. Eventually, the pair will make a go outside...
View ArticleUSDJPY day of week pattern
USDJPY has shown an interesting tendency to end the week with a flourish before consolidating early the next week. Has the pattern gotten too easy?
View ArticleUSDJPY - beware US long yields!
Yields have moved sharply south in the US today - will this finally push USDJPY to consolidate?
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