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EUR demand underpins EUR/HUF, risk to 309.30 March 10 high

May 18, 2015 13:07 pm UTC| Technicals

Long-term average just above market at 308.30, May 14 high 308.40 Local EUR demand underpins, risk to 309.30 March 10 high Fridays hammer type candle although not at a low point gave warning Hungary nominal govt debt...

EUR/USD could see a deeper correction

May 18, 2015 12:50 pm UTC| Technicals

1.1366 was EUR/USD European AM low Pair could see a deeper correction, 10 DMA is support at 1.1298 Back below the 100 DMA at 1.1187 sees bears re-assert Hanging man formation on charts Fri, bearish close today would...

Widening EZ core-peripheral yield spreads hurts EUR/JPY

May 18, 2015 12:38 pm UTC| Technicals

EZ core-peripheral yield spreads widen on Greek woes, hurts EUR crosses JGB curve flattening, while EZ peripherals steepening on risk USD/JPY seen stuck near sideways Cloud for now, offers into 120 Cloud top limit...

USD/CLP consolidating below 600, GDP beat adds to signs of recovery

May 18, 2015 12:15 pm UTC| Technicals

Chile Q1 GDP +1% v Q4 2014, +2.4% v Q1 2014, GDP beat adds to signs of recovery Rising copper GDP relieves some dovish pressure USD/CLP consolidating below 600, support at 592.30 Fri/Nov 21 low area Below 592 Nov 14...

EUR/GBP is trading above ichimoku cloud, good to buy at dips

May 18, 2015 12:03 pm UTC| Technicals

RES4: 0.7420 RES 3: 0.7380 (Apr 3rd High) RES2:0.7345 (61.8% retracement of RES 2: 0.7270 (200 day HMA) PRICE: 0.72737 @12:02 GMT SUP1: 0.7240 (55 day HMA) SUP2:0.7205 (50% retracement of...

EUR/CHF off Friday's high but holds at firmer levels

May 18, 2015 11:17 am UTC| Technicals

Close above 55 DMA and move back into cloud favour further gains Key resistance is seen at 1.0523/24 Switzerland retail sales data came with negative numbers Little impact from earlier Zurbruegg...

EUR/JPY technical outlook mixed, scope for 136.00 pivotal

May 18, 2015 09:52 am UTC| Technicals

Strong positive relationship remains with EUR/USD 30-day log correlation with EUR/USD is +0.90 EUR/USD off 72 pips today, this weigh on the EURJPY...

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