Category in Technical Analysis

EUR/USD: Short side favoured as crosses look bearish

EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in place); EUR/GBP is headed back sub-.80 in coming months (imho of course); EUR/JPY as mentioned below, trying to form a topping formation below 143.00; EUR/USD weekly technicals suggest to me that we are more likely to move lower. I

AUD/USD: Initial resistance at .8820, look for stronger levels near .8870

The macro speculative market is piling into AUD/USD shorts, with .8500 seen now as a foregone conclusion and some starting to talk now of levels below .80 cents. Initial resistance is at previous lows of .8820/25 and a break above there will run into further headwinds near the .8870 breakdown level from earlier today. Sorry,

Cable: Looking for buying opportunities near 1.6400

The GBP was hit across the board after not-so-impressive economic data; EUR/GBP looks to be in a bear trend channel with current parameters at .8200/.8425; GBP/JPY is in a steep bull trend but pull-backs will also be steep; I remain very bullish on cable but as always it’s a matter of timing the entry levels