EURUSD 1.1202 – bearish – Bearish momentum suggests scope for downside EURUSD reversed sharply lower off last Friday’s 1.1460 high (September 18, 2015 high) to break below the 2-week rally from the 1.1089 low (September 4, 2015) and 1.1213 (September 16, 2015 low/200 day moving average), suggesting topping near term. Further weakness below Monday’s 1.1181...
NZDUSD 0.6310 – bearish – Breaks below rising wedge support, eyes lower NZDUSD was capped at last Friday’s .6457 high (September 18, 2015) near the 4-month falling wedge resistance). Subsequent sharp fall breaks below 1-week rising wedge support, suggesting topping and resuming the broad downtrend to risk .6196/.6243 for a retest. Below would accelerate the...
AUDUSD 0.7127 – bearish – Minor double top suggests scope for lower AUDSD reached .7274/.7279 (17/18 September highs) where the tough resistance cluster managed to cap the pair. Subsequent decline below .7137 (September 17, 2015 low) completed a minor double top at the form highs, signaling the breakout above the 3-month falling channel is fake and the broad...
EURCHF 1.0943 bullish — Rising trend-line from July 31 low has to hold for upside EURCHF rallied to a new multi-month high at 1.1049 (September 7, 2015) before pulling back to 1.0899 (September 18, 2015 low) to test the rising trend-line from July 31, 2015 low. The latter has to hold in order to maintain the uptrend near term. Strength through 1.1049 would...
NZDUSD .6389 — Short-term Neutral — .6311-.6456 range breakout is key to direction this week NZDUSD formed a rising wedge last week between the .6456 high (September 18, 2015) and the .6255 low (September 9, 2015). A clean breakout above .6456 (near 4-month falling wedge resistance) is key to a bottoming process and extend the recovery towards .6504 then .6560...
EURCHF 1.0943 bullish — 2.5-month rising trend-line underpins further upside EURCHF rallied to a new multi-month high at 1.1049 (September 7, 2015) before consolidating. While the 2.5-month rising trend-line underpins, watch for further resumed strength through 1.1049 to challenge 1.1095 (61.8% of the 1.2016/.9650 sharp fall in January 2015). Above there would...
EURCHF 1.0943 bullish — 2.5-month rising trend-line underpins further upside EURCHF rallied to a new multi-month high at 1.1049 (September 7, 2015) before consolidating. While the 2.5-month rising trend-line underpins, watch for further resumed strength through 1.1049 to challenge 1.1095 (61.8% of the 1.2016/.9650 sharp fall in January 2015). Above there would...
NZDUSD 0.6421 – Short-term Neutral – Probes falling wedge resistance, a breakout is key NZDUSD rallied from .6243 (September 7, 2015 low) to reach .6457 Friday (September 18, 2015 high), just shy of the .6466 pivot (August 31, 2015 high), probing 4-month falling wedge resistance. Improving technical indicators/potential positive divergence suggest there is scope...
GBPUSD 1.5647 – bullish – Bullish momentum suggests scope for higher GBPUSD rallied strongly from the 1.5329 minor double bottom (September 15/16, 2015 lows) to 1.5659 (September 18, 2015 high), retracing near 76.4% of the 1.5818/1.5163 fall. Bullish indicators suggest scope remains for further upside towards 1.5719 (August 28, 2015 high) ahead of 1.5818 (August...
EURUSD 1.1415 – s-t neutral – Bullish momentum suggests scope for further upside EURUSD staged a 2-week rally to reach 1.1460 (September 18, 2015 high), retracing just shy of 61.8% of the 1.1713/1.1086 fall. Daily technical indicators remain positive, hinting at scope for further gains. While the pullback finds support in the 1.1373/1.1331 zone (September 14/1,...
NXPI 91.45 –bullish – Probes key resistance clusters on the daily chart NXPI is probing key resistance clusters on the daily chart including the 200 day moving average currently at 92.09, the 3.5-month falling trendline (from June 1, 2015 peak) and the 50% retracement of the 114.00/72.05 fall at 93.12. A decisive upside breach of the area would extend the 4-week...
NXPI 91.45 –bullish –Long-term trendline underpins strength NXPI found support at 72.05 (August 24, 2015 weekly low) just above the 2.5-year rising trendline (from April 22, 2013 low). Since then, it has rallied strongly to retrace over 50% of the 114.00/72.05 fall. Technical indicators are improving, suggesting further upside. Above 94.90 (September 9, 2015...
USDCAD 1.3198 – Short-term bearish – Below triangle support opens the key 1.3154/1.3116 support zone USDCAD has been coiling within an 8-week rising channel while reaching the 1.3352 multi-year high (August 25, 2015) which is beneath the significant 61.8% of the 1.6184/0.9056 (2002 peak/2007 trough) fall at 1.3459. The pair showed weakness lately, testing below...
WFM 33.45 –neutral – Extends oversold bounce WFM fell from the 65.59 record high (October 28, 2013) to the new YTD low at 30.18 (August 24, 2015), retracting over 50% of the 3.52/65.59 (2008 low/2013 high) rise. The current oversold bounce has scope to test the 36.08 resistance area (July 14, 2014 range low) which should cap. A break below 30.18 would extend the...
GBPUSD 1.5512 – bullish – Bullish range breakout to eye higher GBPUSD found support at 1.5330 and formed a minor double bottom (September 15/16, 2015 lows). Subsequent sharp rally broke through 1.5475 4-day range high (10 September), completing a bullish breakout. Further gains challenge the 1.5567 retracement (61.8% of the 1.5818/1.5163 fall) ahead of 1.5629...
AUDUSD 0.7164 – Short-term bullish – Rallies to test falling channel resistance AUDSD rallied the last 5 days to reach 0.7183 (September 16, 2015 high), testing the 3-month falling channel resistance (from June 18, 2015 high). The indicators remain positive, suggesting scope remains for further upside. The pair needs to break out of the .7205/.7233 resistances...
GBPUSD 1.5387 – Short-term neutral – The 1.5356/5320 support zone is key GBPUSD pulled back off the 1.5475 high (10 September), turning the intraday bias to neutral as consolidation is taking hold. A swing low near the 1.5356/5320 support zone (38.2%/50% of the 1.5163/1.5475 upleg) remains favored ahead of the next upleg through 1.5475 to challenge the 1.5507...
EURUSD 1.1315 – Short-term neutral – The 1.1254/1.1228 support zone is key EURUSD pulled back off the 1.1373 high (September 14. 2015), turning the intraday bias to neutral. A swing low near the .1254/1.1228 support zone (as shown on the 240min chart) remains favored ahead of the next upleg through 1.1373 to challenge the 1.1413 resistance (August 26, 2015 high)...