September 28, 2017
EUR/GBP Update – 28/09/2017 (11:40am): EUR/GBP remains under pressure but will shortly encounter stronger support at the .8743 14th July low and we would allow for further consolidation. Between here and .8713 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend.
September 28, 2017
AUD/USD Update – 28/09/2017 (11:30am): AUD/USD remains under pressure. We have taken a brief look through the .7808 current August low, which guards good support at .7748/41. This is where the February and March highs are located and there is scope for .7686 the previous 2016-2017 resistance line,
September 28, 2017
EUR/USD Update – 28/09/2017 (11:20am): EUR/USD’s outlook on the charts is negative following the erosion of the 5 month uptrend and the 1.1836/23 September lows and we look for further weakness to initially to the 1.1662 August low and then the mid-June high at 1.1296 and the more important 1.1110 end of May low. Intraday rallies… View Article
September 28, 2017
USD/YEN Update – 28/09/2017 (11:00am): USD/JPY has eroded the 200 day ma at 112.07 and has resumed an upside bias. We look for gains to the top of the range at 114.38/49. Intraday dips should be find initial support offered by the accelerated uptrend at 112.21 and the 200 day ma at 112.07.
September 28, 2017
Morning all.. Wall St had a better day with the S&P closing up 0.4% but the Nasdaq under-performed again. Wall St was boosted by tax reform guidelines from Trump but many feel a lot of adjustments will see any final package looking rather different. The dollar followed yields higher and USDJPY above 113.00 saw the… View Article
September 27, 2017
GBP/USD Update – 27/09/2017 (11:40am): We highlighted yesterday that “another push lower towards 1.3420 seems likely before a more sustained recovery can be expected”. In line with expectation, GBP dipped to a low of 1.3410 before rebounding quickly. The recovery appears to have scope to extend higher but at this stage, a clear break above yesterday’s… View Article
September 27, 2017
USD/CHF Update – 27/09/2017 (11:30am): USDCHF breaking through resistance at .9745, the 3 month downtrend. Intraday dips are indicated to hold circa .9640/.9570 and we maintain an upside bias above .9570. There is scope for a test of the current August highs at .9770/72, however in order to reignite medium term upside interest we suspect that… View Article
September 27, 2017
USD/CAD Update – 27/09/2017 (11:20am): USDCAD breaking resistance at 1.2359 which takes the focus to 1.2414 (38.2% retracement/ recent breakdown area). Still, an extension above the 1.2600/65 area is necessary to confirm a short-term corrective phase.
September 27, 2017
NZD/USD Update – 27/09/2017 (11:10am) – by Arjun Lakhanpal: Kiwi breaking lower as the dollar rises.. With the decline from last week’s high taking on an impulsive bias, the risk of a deeper corrective phase has increased as the focus turns to the next line of key support. The .7185/.7100 zone, which includes the August low,… View Article
