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EURo starts the week and the month well

Euro started the week and the month on a bullish note. It has been rising right from the open with so far shallow pullbacks. It is back above 1.09 and approaching the declining 2014 - 2015 trendline.
Unless the pair turns sharply lower soon, the trendline will inevitably give way and this may lend bulls enough confidence to continue buying into 100 and 200 DMA. Ability to get and hold above 1.10 will be crucial though.
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Aussie pares last week's gains

Aussie closed above 100 DMA on a weekly basis for the first time in six months. In addition, it broke and closed above a descending trendline drawn off of September 2014, May 2015 and October 2015 highs.
It appears that it is headed to retest October high near 0.7380. Potential target is seen between 0.74 and 0.75, which is currently hosting 200 DMA. The pair is pulling back in the early Monday trade but the decline shall stop somewhere in the 0.7100 - 0.7050 region, provided that the above hypo…
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Loonie sells off as oil rallies

Loonie rose in yesterday's European session only to reverse all of its gains and some in the U.S. session. The pair effectively catched up with oil, which had been rallying strongly all day.
50 DMA was the level that capped it and remains the first level to overcome if the pair wants to re-establish bullish bias. It is currently trading just below 2008 high (1.3064) and about 50 pips above 100 DMA (currently ~1.1310). If these two level give way, October low (~1.2830) and weekly trendline will c…
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GBP/JPY flying

Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
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Yen bounces overnight

After nearly 200 pip fall yesterday, the pair found support in 120.40 - 120.70 band in US afternoon. It then rallied in Asian session, in line with slightly better sentiment with regard to Greece and stabilization in Chinese stocks.
It is now back above 100 DMA which has been reinforced by Weekly Support 2, Monthly Support 1 and 121.00 big figure level. First stronger resistance is seen at previous support between 121.90 and 122.05 (March high, Previous Week Low, Weekly Support 1, Daily Resistan…
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Yen slide continues

Yen has been continuing its slide overnight after yesterday's buying in US session proved to be just a decent selling opportunity. It broke below 122.00 to return back to the December 2014 - May 2015 range.
The next cluster of support levels comes in around 121.00 (100 DMA, Weekly Support 2, Monthly Support 1, 00's) and is backed with the historical resistance (also April range top) near 120.80. Broken 122.00 level shall now act as a solid resistance.
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EURo heavy again

After it became clear that the Greek Bailout Vote will have ended with "No", Euro gapped down 120 pips at the open. There was no follow through and the pair reversed shortly thereafter. Gap-closing rally ran out of steam soon after London opened for business.
The pair is currently hanging just above 100 DMA (~1.1040) which coincides with the March/April range top. Closing below it would imply further losses in the days ahead. Next layer of support comes in between 1.0945 and 1.0955 (Previous Wee…
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EURo continues lower

There were some headlines in the morning that were implying possibility of an early deal between Greece and creditors, but the optimism quickly faded and it seems that we'll have to wait until Sunday's referendum before negotiations will continue.
Euro has now retraced more than 61.8% of the Monday's rally. It is currently trading just above 100 DMA (~1.1050), a part of the support band which includes March/April range top (1.1035 - 1.1050) and Weekly Support 1 (~1.1060). If it breaks and holds …
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EURo range trading

Very choppy range trading in the Euro today. There was no follow through selling after yesterday's two cent fall. Instead, the pair started to retrace those losses but didn't get past 1.1235 as Greek uncertainty continues.
Support is seen in pivotal 1.1050 - 1.1125 band that includes: 50 DMA, 1.12 big figure level, Monthly Pivot Point, Weekly Support 2 and 100 DMA. Given that it is summer, 1.1050 - 1.1450 range could well remain in play for several weeks to come.
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EURo declines overnight

In a bout of overnight USD strength, Euro fell 80 pips, breaking below the three-week rising wedge and the Monday low (1.1290) in the process. After the substantial stop run, it stalled ahead of Daily Support 2 just above 1.1250.
The pair is basically back to the pre-FOMC levels. If it doesn't bounce from here and instead continues to fall through 1.1200 - 1.1250, it may revisit 1.1050 - 1.1120 band (March/April range top, 1.11 level, 50 DMA, Monthly Pivot Point, Weekly Support 2, 100 DMA, 1.105…
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pipx 23 juin

Lets hope this picks soon :-)

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al_dcdemo 23 juin

It'd be nice! But I wouldn't bet a farm on it. Ok, maybe demo farm :)

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