mercredi 18 mars 2015
Intraday Outlooks For EUR/USD, EUR/JPY, EUR/GBP, AUD/NZD - SEB
Posted on 01:46 by nice news
The following are the intraday outlooks for EUR/USD, EUR/JPY, EUR/GBP, and AUD/NZD as provided by the technical strategy team at SEB Group.
EUR/USD: Resistance intact - quiet into FOMC. Sellers near resistance and buyers likely line up around 1.0551 - at least until the Fed tells us where to go from here. The current intraday stretches are located at 1.0520 & 1.0675 are less likely to pushed ahead of the decision.
EUR/JPY: Misfired over 129.05. Short-term trend following tools point lower as does the longer-term outlook. The first attempt to form an inverted 'Head & Shoulders' bottom with a break over 129.05 misfired yesterday. Should the market decline below local supports at 128.11/03, this failure would start to add weight. Until then this support and 129.14 must both be watched. The 'Head & Shoulders' formation, if it gets confirmed, would ideally target +131. Current intraday stretches are located at 127.60 & 129.50.
EUR/GBP: Correctional high in place already? The counter-trend correction may have peaked ahead of its ideal 0.7250 objective, while the market seemingly showed respect to the nearby still descending (Fibo-adjusted) 21day 'Tenkan-Sen' line. But to fully confirm this, support at 0.7093 has to be lost. Current intraday stretches are located at 0.7125 & 0.7230.
AUD/NZD: Closing the short-term recommendation. Yesterday's price action was certainly not what we had in mind calling for the break of 1.0360 to trigger a move down to fresh trend low. The false break of 1.0360 and the bullish key day reversal both indicates that our stance is wrong and we are accordingly taking the trade off with a small loss. From here it is likely that we soon will be passing 1.0450 an event that is less likely to trigger more short covering an a go at the recent high.
EUR/USD: Resistance intact - quiet into FOMC. Sellers near resistance and buyers likely line up around 1.0551 - at least until the Fed tells us where to go from here. The current intraday stretches are located at 1.0520 & 1.0675 are less likely to pushed ahead of the decision.
EUR/JPY: Misfired over 129.05. Short-term trend following tools point lower as does the longer-term outlook. The first attempt to form an inverted 'Head & Shoulders' bottom with a break over 129.05 misfired yesterday. Should the market decline below local supports at 128.11/03, this failure would start to add weight. Until then this support and 129.14 must both be watched. The 'Head & Shoulders' formation, if it gets confirmed, would ideally target +131. Current intraday stretches are located at 127.60 & 129.50.
EUR/GBP: Correctional high in place already? The counter-trend correction may have peaked ahead of its ideal 0.7250 objective, while the market seemingly showed respect to the nearby still descending (Fibo-adjusted) 21day 'Tenkan-Sen' line. But to fully confirm this, support at 0.7093 has to be lost. Current intraday stretches are located at 0.7125 & 0.7230.
AUD/NZD: Closing the short-term recommendation. Yesterday's price action was certainly not what we had in mind calling for the break of 1.0360 to trigger a move down to fresh trend low. The false break of 1.0360 and the bullish key day reversal both indicates that our stance is wrong and we are accordingly taking the trade off with a small loss. From here it is likely that we soon will be passing 1.0450 an event that is less likely to trigger more short covering an a go at the recent high.
Intraday Outlooks For EUR/USD, EUR/JPY, EUR/GBP, AUD/NZD - SEB
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire