End of corrective period is near
Andy Dodd, Head of Technical Research at Louis Capital Markets picks out a selection of charts that suggest the corrections of recent days may soon be over.
FX
EURUSD: beware of false breaks
EURUSD is testing channel resistance and likely to attract sellers, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS, though he advises against chasing the market.
All eyes on USDCHF
USDCHF is likely to be a key barometer for the US dollar, according to David Sneddon and his team at Credit Suisse in London.
EURUSD completes topping pattern
EURUSD has completed a head-and-shoulders top and has scope to move towards 1.0879 in the short-term, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Updated 10 February 2020.
Updated 10 February 2020.
Can USD rise above 200-day MA?
Frank Cappelleri, Chief Market Technician at Instinet, discusses the outlook for the US Dollar in four charts.
Further weakness ahead for EURCHF
A large bearish continuation pattern suggests EURCHF is ready to fall further, according to David Sneddon and his team at Credit Suisse in London.
EURUSD range-bound into 2020
A reversal candlestick on Friday suggests EURUSD will finish the year in the same way it spent most of 2019, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
GBPUSD awaits election result
Despite the rally stalling in the last few sessions and DeMark sell signals appearing on the charts, clear candlestick reversals signals have not yet appeared for Cable, according to Andy Dodd at Louis Capital Markets.
Important week for USD/JPY
A bearish signal has appeared for USD/JPY and a medium-term reversal may be close, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Bullish pattern in sight for Cable
GBPUSD is on the cusp of completing a classic bull wedge continuation pattern, says David Sneddon and his team at Credit Suisse in London.