Australian Dollar Crosses Test Support
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Daily FX
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2 hours, 37 minutes ago The Australian Dollar crosses are testing support levels that may lead to at least short term reversals.
New Zealand Dollar Technical Outlook
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Daily FX
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Fri 2:14 pm ET 5 waves down from .7921 appear to be underway.
Yen Technical Outlook
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Daily FX
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Fri 2:13 pm ET Repeating what we?ve mentioned in recent days; "the USDJPY has made a series of lower highs and lower lows since the August top at 110.65. Favor the downside as long as price is below 110.28 ."
British Pound Technical Outlook
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Daily FX
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Fri 2:13 pm ET Various sentiment measures are extreme and suggest that a turn is imminent. "COT positioning is the most extreme in its history by some measures ." 13 day RSI is at its lowest level since the 1970s and FXCM SSI flipped to short today .
Euro Technical Outlook
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Daily FX
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Fri 2:11 pm ET The EURUSD has continued lower and price is now below a trendline that had held price since 2002.
Swiss Franc Technical Outlook
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Daily FX
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Fri 2:10 pm ET Another reason to favor a turn in the USD is the USDCHF pattern.
Canadian Dollar Technical Outlook
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Daily FX
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Fri 2:09 pm ET The outside day along with RSI divergence suggests with a high probability that a top is in place.
Australian Dollar Technical Outlook
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Daily FX
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Fri 2:07 pm ET The AUDUSD did drop to a new low as expected, but the drop to .8027 is probably the end of wave 5.
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