Top complete for USDCNY
USDCNY has fallen sharply following completion of a head-and-shoulders top, say David Sneddon and his team at Credit Suisse in London.
FX
Pullback continues for Bitcoin
The 200-day moving average is the ideal pullback target for Bitcoin, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Commodities have bottomed out
“The ballooning Fed balance sheet is a party for gold,” says George Davis, Chief Technical Strategist at RBC Capital Markets.
Bullish development for EURUSD
EURUSD has posted a bullish key reversal day which should provide the platform for a clear break higher, according to David Sneddon and his team at Credit Suisse in London.
Yields and USD decouple
Interest rate differentials are no longer having a substantial impact on FX markets, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
Cable topping out
After having broken above its trading range and then fallen back down, GBPUSD looks like it is forming a triple top, says Ron William, director at RW Advisory.
GBPUSD testing key support
A double top may soon be confirmed for GBPUSD, according to David Sneddon and his team at Credit Suisse in London.
EURUSD hovers above L/T support
EURUSD remains in neutral so long as it stays above crucial long-term trendline support, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
EURUSD parity?
There is a very clear possibility that EURUSD will reach parity, according to Ron William, director at RW Advisory.
Risks turn lower for GBPUSD
After failing to break above its 200-day moving average GBPUSD is now looking vulnerable, according to David Sneddon and his team at Credit Suisse in London.