Currency Pair Daily Forecasts
EUR/USD Daily Technical Reports
Out, in, and out again. The last one was for no net change. Surge to new all-time highs has run into the upper Bolli band at 1.3975 so far. Market is too volatile for a decent trade, but regardless of overbought daily studies, the trend is up and dip-buying is favored.
USD/JPY Daily Technical Reports
Booked a quick profit on an early long trade after prices rallied beyond the 115.50 range high and into the 1% MA env and MLR tops near 115.90, but those have since been removed. Now focusing on resistance at 116.50, the Sep 5 high and MT dn TL for Wed. Would buy a dip back to the 159.90 breakout area as well.
GBP/USD Daily Technical Reports
Latest surge back above 2.0100 is somewhat concerning for bears setting up a potential bullish outside day following the recent setbacks off from the 2.0366 lower top. The 100-Day SMA is now the key level to watch with a close above or below the latter providing a clearer indication of short-term directional bias. Stand aside for now.
USD/CHF Daily Technical Reports
Prices fell again after failing to clear 1.1900 or the 10-day MA at 1.1905. Daily oscillators no longer rebounding from recent o/s readings. Need a close above the 10-day MA and breakout above the 38.2% Fibo at 1.1935 to usher in a new daily uptrend. 1.1805 low is closer now, but here again a close below is needed for a breakout
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