Currency Technical Report

Euro moved within a tight price range yesterday, following stock markets. Resistance at 1,3550-60 was confirmed according to our negative scenario and today support levels are tested. First support emerges at 1,3550-70, followed by a more important at 1,3490-3510. A break will confirm the exit of the short term… Read more….

Daily Technical Strategist

USDJPY maintained its downside weakness on Wednesday breaking below its key support at the 95.62 level, its April 28’09 low and opening the door for further lower prices towards the 93.54 level, its Mar 19’09 low and then its Feb 09’09 high at 92.40. Its daily momentum indicators are positive… Read more….

Currency Technical Report

Yesterday was negative for euro, as disappointing retail sales, led to a decline in stock markets. As we mentioned in our analysis yesterday, volatility between 1,3550 and 1,3700 is neutral in terms of the uptrend. However, yesterday’s reversal candle in the daily chart, combined with the break of important support… Read more….

Technical Analysis Daily: USD/JPY

Yesterday Dollar/Yen continued its downward movement too. On the daily chart we have a head and shoulders formation, which was broken downwards. That technically is a prerequisite for further bearish outlook. Signals remain descending in the near future, with targets towards the first support at 95.10. The CCI indicator is… Read more….

Currency Technical Report

The market’s reaction after the interest rate announcements led euro close to 1,3300 and then to 1,3470 and then pulled back below 1,3440. Price remains within the sideways formation these last days. Its upper ranges are set at 1,3230-50 and 1,3440-60 we will wait for a strong break in orders… Read more….

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