The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, GBP/USD, AUD/USD, and NZD/USD...
AUD/USD broke below the massive 15-year upward channel (now at 0.75 in log) and has been evolving within a down sloping channel since 2012 (0.80-0.6750), notes SocGen. Bigger picture, SocGen thinks that the downtrend looks poised to extend towards 0...
The USD-decoupling trade is staging a return on the back of improving US data, the abatement of global risk aversion and the growing resilience of the US domestic demand-driven recovery to persistent global headwinds and future Fed rate hikes...
The British pound has made some hefty gains in the mid-week session despite poor data releases. The gains against the US dollar and euro are complemented by strong moves against the Canadian dollar and South African Rand. We are also seeing solid gains against the New Zealand dollar...
GBP/JPY Trade Idea Major resistance - 158.80 (trend line joining 175.05 and 173.73) Major support - 158 (55 day H EMA) GBP/JPY has broken major resistance 158.80 and jumped till 159.50. It is currently trading around 159.10. Intraday trend is bullish as long as support 158 holds...
EUR/NZD Technical Analysis for March 02, 2016 Overview : Recently, EUR/NZD has been moving sideways around the price of 1.6450. In the daily time frame, we can observe a supply bar in an average volume, which is a sign of potential strength...
The USDJPY tumbled from the "get go" in trading today falling toward the 200 hour MA and 38.2% of the move up from last weeks low. The pair has rebounded toward an early swing high on Friday and in my minds eye are seeing visions of a head and shoulder formation forming...
Technical Analysis of EUR/JPY for March 02, 2016. Technical outlook and chart setups: The EUR/JPY pair rallied over 200 pips after hitting lows at 122.00 levels yesterday. The pair is seen to be trading above 124.00 levels for now, breaking above the resistance trend line as seen here...
Technical Analysis of GBP/CHF for March 02, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be testing a convergence of Fibonacci 0.50% and trend-line resistance at 1.3965/1.4020 levels as depicted here...
An order to sale #EURUSD is still in the market, bringing us almost 130 points of unfixed #profit. The red line moved deeper «in-the-money». Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We were involved into a short position in #XAUUSD on a breakthrough of 1226.74. Nevertheless, it is still hard to say that the market's dynamics is clearly downward. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Research Team at BBH, notes that the markets have withstood some downward pressure on the Chinese yuan. Key Quotes “Late yesterday, Moody's cut its outlook for China's credit rating to negative from stable, and this did not cause much of a ripple in the capital markets...
With the euro in decline against the US dollar, we consider where the selling pressure may come to an end. The 2016 high in the euro to dollar exchange rate stands at 1.1376 which was achieved as markets became concerned that the US was potentially heading back into recession...
The uncertainty posed by the EU referendum has pulled the rug from beneath sterling of late, but a fresh bout of US dollar strength could push the exchange rate even lower still...
Research Team at Lloyds Bank, suggests that as Friday’s US February labour market report draws nearer, financial markets will pay close attention to today’s unofficial ADP private sector employment figures as a potential early gauge...
Calculated data levels: Support (S1 / S2 / S3 = 112,66 / 19 / 111.41) and resistance (R1 / R2 / R3 = 114,22 / 69 / 115.47). Key levels pыltrymky (1st from 113.26 to 1132.35 at the end of the day, the 2nd of 113.14 to 113.17). Alternative purchases realized last trading day...
USDJPY: With the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level...
Calculated level for today: Support (S1 / S2 / S3 = 1,3912 / 1,3886 / 1,3842), resistance (R1 / R2 / R3 = 1,4000 / 26 / 1.4070). Key level (1st from 1.3938 to 1.3956 late in the day, the 2nd of 1.3890 to 1.3926...
Global equities marched higher Tuesday in varying degrees, underpinned by either solid data, or data that was not as disappointing as the market anticipated...
