Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays

Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays

11 May 2016, 21:19
Vasilii Apostolidi
0
123

EUR/USD: We are bearish and view any short-term consolidation as a breather within context of the recent down-move. A move below our initial targets near 1.1360 would signal lower towards 1.1300 and then the 1.1215 range lows.

 Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 

 

USD/JPY: Having reached our targets near 109.50, we are now turning neutral. Overall, we are bearish and would look for signs of a top on any further upside extension towards the 110.55 area. Our initial downside targets are towards 106.40 and then 105.20.

USD/CHF: We have turned neutral and would prefer to buy dips within range for an extension higher towards the 0.9800 April highs.

AUD/USD: We have turned tactically bullish for a short-term bounce towards resistance near 0.7505 and expect the 0.7550 former range lows to provide selling interest. A move below 0.7300 would make us turn bearish once again towards targets near 0.7210 and then 0.7045. 

NZD/USD: Yesterday’s bullish “hammer” candle has prompted us to turn bullish in the short term towards targets near 0.6885. From there we would look for signs of a top and downside resumption towards 0.6665 and then 0.6545.

USD/CAD: We are bearish and look for a move lower towards 1.2740 and then the 1.2460 lows. A break above the 1.3015 highs would force us to abandon our bearish short-term view.

Share it with friends: