USD/MXN rises toward minor Fib resistance by 15.2200
May 11, 2015 14:18 pm UTC| Technicals
USD/MXN remains firm, probes minor Fib resistance by 15.2220 Daily cloud base support by 15.1095, move < eyes 14.7575 Apr 15 lows Above the 23.6% Fib at 15.2220, the 50-DMA at 15.2458 attracts US yields elevated as...
EUR/PLN bull market is losing steam
May 11, 2015 13:44 pm UTC| Technicals
EUR/PLN bid market and 4.0410 long in play but recent highs to stall gains The last two sessions price action suggests the bull market is losing steam Note the consecutive Doji action...
AUD/USD holds above 0.7850/60 support
May 11, 2015 13:40 pm UTC| Technicals
AUD/USD threatens 200-HMA hourly resistance near 0.7915 Numerous inputs aid pairs bounce away from key 0.7850/60 support Choppy AUD/USD action likely persists until US data later in week Apr retail sales Wed, if weak...
USD/CLP edges lower, China stimulus weighs on USD
May 11, 2015 13:01 pm UTC| Technicals
USD/CLP slips slightly lower, CLP shrugs off China rate cuts Support by 603.60 todays low, 602.03 lower 21-h Bolli Break below lower 21-h Bolli eyes 592.30 Nov 21 14 low Resistance at 605.62 daily pivot, 608.96...
EUR/JPY undoing overbought Apr-May short squeeze; 133.65 pivotal
May 11, 2015 12:50 pm UTC| Technicals
EUR/JPY undoing overbought Apr-May short squeeze now: 133.65 the on-close pivot point EUR sales as forex hedge on foreign buying of EUR assets is resuming, slowly Sub 133.65 (23.6% of Apr-May rise) close targets 38.2% at...
USD/MXN holds cloud base support by 15.1095, Banxico offers at 15.3695
May 11, 2015 12:25 pm UTC| Technicals
USD/MXN opens NorAm a touch firmer, UST yields rise across the curve Slow stoch near oversold, cloud base/lower 21-d Bolli initial support by 15.11 A move below the cloud base opens the way for April lows by...
NZD/USD now sub-daily cloud, bears taking control of kiwi
May 11, 2015 12:15 pm UTC| Technicals
NZD/USD bears in control as RSIs are biased down with room to run Gap open ~55-DMA repelled, now sub-daily cloud, bear engulfing candle forms Good stops sub-0.7370 0.7350, will attract if no sustained bounce...