Researchers from Hull University and the ICMA Centre have tested technical trading rules in several cryptocurrency markets and found they yield higher risk adjusted returns than a simple buy and hold strategy.
Risks remain on the downside for sterling against the euro say analysts at Credit Suisse.
This month’s rally in euro sterling has been checked at the declining 200-day moving average at 87.92, say the technical analysis team at Credit Suisse.
The Bloomberg-JPMorgan Asia Currency Index has broken through key support raising the prospect of further significant weakness for Asian currencies against the USD, according to David Sneddon and his team at Credit Suisse in London.
Tony Sycamore, Director of Australia-based TECHFX TRADERS, says a breakout is imminent for the US Dollar Index, though in which direction remains to be seen.
USDRUB has breached key support and is heading towards the 60.00 area, say David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
EURUSD’s recovery and consolidation above 1.1300/20 confirms the decline to the 1.1176 low was a false break, according to Tony Sycamore, at TECHFX TRADERS.
EURUSD is undervalued according to EU-US yield curve dynamics, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
GBPUSD has surged dramatically higher to establish a head-and-shoulders reversal pattern, according to David Sneddon and his team at Credit Suisse in London.
Following this week’s Fed decision to effectively remove its tightening bias the USD is looking vulnerable, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.