Technical Analysis

0.0 00 EUR/USD (1.28938) The Eurozone manufacturing PMI was released today. It came in at 50.5 for this month. The month prior saw a print of 50.7. This is the slowest expansion in the last 13 …

0.0 00 EUR/CAD — 1.4185 Looking at the daily and five minute charts for the EUR/CAD pair, we see that the Euro has good potential for recovery of higher ground against the Loonie. Back in March, 2014 …

0.0 00 USD/JPY (¥108.773) Support Levels:            ¥108.20, ¥107.50, ¥106.20 Resistance Levels:      ¥109.20, ¥109.95, ¥110.65 The dollar has stalled out against the Japanese yen. We have seen the formation of what is called a Harami …

0.0 00 EUR/AUD – 1.447 Investors could expect a continuing bullish trend for the EURAUD pair.   The monthly  chart, seen below, shows a trend to flatten with support at around 1.445-1.446. Resistance is showing as high …

0.0 00 NZD/USD (0.8120) The Kiwi has been struggling not to visit a floor near the key technical level at 0.8060. We saw some signs of a reversal when a piercing candlestick formed. This would have …

0.0 00 GBP/USD (1.6355) We are paying close attention to the weekly RSI and chart for today. We see a roll over concerning the RSI from 70. This has only happened three other times, 2007, 2006 …

0.0 00 GBP/USD – 1.644 Investors could expect a continuing rise on the Sterling.   Daily charts are shown a bullish trend continuing.  Looking at the daily we see trading at 1.646.  The support is in …

0.0 00 AUD/USD (0.89506) The AUD has broken below a key support at 0.89670 and remains well below a medium term trend line. Looking at the chart below we see a major gap lower. The short …

0.0 00 EUR/USD (1.28765) The European Central Bank (ECB) held its first TLTRO operation today. It is a targeted lending operation and it failed. Banks too only €82.6 billion in targeted loans. We had expected them …

0.0 00 The U.S. dollar has  continued to strengthen against most of its pairs and the Dollar index has now hit a 14 month high near  84.60. Support Levels : 84.45 to 84.50 Resistance Levels: 84.75 to …