Bearish reversal for NZD
After a ‘rampant’ rally since early October the Bloomberg NZD Index looks ready to enter a corrective phase, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
FX
EURUSD rally in sight
A close above the neckline of a potential inverted head-and-shoulders pattern would confirm a medium-term low for EURUSD, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
USD holds support
David Sneddon and James Gilbert at Credit Suisse in London remain bullish on the USD after the Bloomberg Dollar Index (BBDXY*) surges higher and holds neckline support from its large head-and-shoulders base.
Cable heads back up
GBP/USD is poised to return to the upper end of its Brexit trading range, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Gold and Yuan part ways
The close correlation between Gold and the Chinese Yuan has broken and this has triggered a bullish breakout for XAU/CNH, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
USD on cusp of strong bullish phase
A rally in the Bloomberg US dollar Index has left it in a position to remove pivotal resistance and begin a sustained phase of strength, according to David Sneddon and James Gilbert at Credit Suisse in London.
Reversal for EM currencies
Emerging market currencies have formed a base and look ready to trend higher, according to David Sneddon and James Gilbert at Credit Suisse in London.
USD/JPY nears key support
USD/JPY is weakening as risk aversion increases, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
CNY is weakening again
The Chinese Yuan Index has removed key support and is looking weak, says David Sneddon and James Gilbert at Credit Suisse in London.
Top in USD?
The USD has broken below key support and may have formed a top, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.