Swing Technicals- EUR/USD Long Opportunity at 1.2589

CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Medium Term) Buy EUR/USD at 1.2589. Stop at 1.2555. Profit target at 1.2641. GBP/USD (Medium Term) Observe the trend line breakout. USD/JPY (Medium Term) Wait until a new pattern emerges. USD/CHF (Medium Term) Wait until a new pattern emerges. USD/CAD (Medium Term) Wait until a new pattern emerges. AUD/USD [...]

Intraday Technicals: Potential For GBP/USD Bounce Near 1.53

CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Waiting for a new pattern to emerge GBP/USD (Short Term) Buy at 1.5327, risking 1.5288 and targeting 1.5468 USD/JPY (Short Term) Waiting for a new pattern to emerge USD/CHF (Short Term) Waiting for a new pattern to emerge USD/CAD (Short Term) Waiting for a new pattern to [...]

Currency Majors Technical Analysis

EUR/USD – Euro / US Dollar Entry : 1.281 Stop : 1.276 Resistances : 1.2925 – 1.29 – 1.282 Supports : 1.2665 – 1.2725 – 1.276 GBP/USD – British Pound / US Dollar Entry : 1.5395 Stop : 1.5435 Resistances : 1.5575 – 1.548 – 1.542 Supports : 1.524 – 1.533 – 1.5375 USD/CHF – [...]

FX Thoughts for the Day

Cable has moved up in the Asian and the European session and may see some more rise in the US session today. The upside may be Resisted in the region of 1.5440-65, followed by a dip towards 1.5400 or even 1.5350 over today and tomorrow. Going forward, we have a

Euro, British Pound Rally Ahead of U.S. Session on Risk Appetite

A rebound in market sentiment pushed the euro higher on Wednesday, with the exchange rate advancing to a high of 1.2812 during the overnight trade, but the event risks scheduled for the U.S. session could weigh on risk appetite as the economic docket is expected to reinforce a weakening outlook for future growth.

Daily Sound Bites 09.01

Risk Appetite Regains Its Footing as the U.S. Dollar Tumbles Against All Major Currencies Overnight

Retail sales in Europe’s largest economy unexpectedly fell 0.3 percent in July from the month prior, while the annualized rate disappointed, rising a mere 0.8 percent after climbing 4.7 percent the previous month.

Currency Technical Report

EUR/USD Resistance : 1,2770-80/ 1,2820-30/ 1,2850/ 1,2880/ 1,2920 Support: 1,2730-40/ 1,2690/ 1,2650/ 1,2610/ 1,2580 Comment : Yesterday’s upward reaction was limited to 1.2730 area, and after a small decline towards 1.2660, the rise is resumed today in higher level, close to 1.2780-00 area, where recent tops were formed. It is obvious that the pair has [...]

GBP/USD short-term risk is on the downside

USD/JPY Strategy: Sell Limit 3 at 84.90, Objs: 83.85/82.27/79.65, Stop: 85.95 USD/JPY has seen a deep retracement of last week’s potentially bullish lower shadow candlestick suggesting that the recovery from the new extreme of 83.60 has failed at 85.91. While this week’s recovery high at 85.91 caps the short-term risk is seen to the downside [...]

Eur/Usd Intra-Day Review

Euro moved higher in the first part of the European session today, and broke through an important 1.2777 level, which puts now even higher levels in play. In fact, an impulsive upward move, wave C leg could be unfolding from 1.2625 zone, where wave B, sub-wave of a corrective wave