USD/JPY Classical 02.10
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Daily FX
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14 minutes ago
USD/JPY: Last ThursdayâEuro™s violent pullback certainly dents our shift in outlook in which we had been projecting significant upside over the medium-term. However, the market has still not managed to close below 89.00 and it will be interesting to see how things play out from here.
USD/CHF Classical 02.10
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Daily FX
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16 minutes ago
USD/CHF: The latest break back above 1.0500 suggests that the market has now carved out a major base that exposes some fresh medium-term upside towards 1.1000 over the coming days.
USD/CAD Classical 02.10
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Daily FX
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17 minutes ago
USD/CAD: The market has finally managed to clear resistance by 1.0745 to expose next key topside barriers by 1.0870 further up. Daily studies still show plenty of room to run, and we look for a retest and break of 1.0870 over the coming days.
NZD/USD Classical 02.10
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Daily FX
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18 minutes ago
NZD/USD: Although it is less prominent than in Aud/Usd, the market here has also arguably carved out a major double top that ultimately projects a fresh wave of declines down towards 0.6500 over the coming weeks.
GBP/USD Classical 02.10
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Daily FX
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20 minutes ago
GBP/USD: The market has finally taken out the key October lows just over 1.5700 to likely open the door for some medium-term setbacks over the coming weeks. However, daily studies are now looking quite stretched and there is a risk for additional corrective gains before any renewed weakness.
GBP/JPY Classical 02.10
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Daily FX
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21 minutes ago
GBP/JPY: Last ThursdayâEuro™s violent pullback has brought the cross back to some familiar range lows in the 140.00 area and it will be interesting to see how the market responds from here.
EUR/USD Classical 02.10
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Daily FX
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24 minutes ago
It is difficult to determine where we go from here in the short-term, with the market correcting from oversold levels on Tuesday before stalling out by the 10-Day SMA , which seems to be offering itself as a solid form of resistance over the past several days.
EUR/JPY Classical 02.10
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Daily FX
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25 minutes ago
EUR/JPY: Setbacks have now finally reached and slightly exceeded the lower end of a multi-week range dating back to March of 2009 and it will be interesting to see if the cross can respect the range bottom and bounce, or finally break below the medium-term platform to expose a more significant drop back towards the 115.00 area.
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