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Technical Analysis

Currencies Turn from Sentiment Extremes

Multiple currencies have turned from sentiment extremes, which warns of dollar weakness going forward.

FX Technical Weekly 02-19

A back and forth week left the US dollar mixed against its rivals (although the US dollar index ended up slightly). The greenback was exceptionally strong against the Yen; but 11 month trendline resistance is just above 9200 next week.

Currency Crosses: Technical Outlook 02-19

Several Euro crosses are approaching or have reached long term support. The Yen crosses continue to march higher, albeit in corrective fashion.

Light Crude 02-19

Gold 02-19

British Pound / US Dollar 02-19

New Zealand Dollar / US Dollar 02-19

USDJPY: Prices Rise to Threaten Stop-Loss, Channel Top

USDCAD: Selling Pauses at Familiar Support, Long Entry to Follow

NZDUSD: Upswing Losing Step But Key Support Remains Ahead

GBPUSD: Channel Support Fading, Profit Target Ahead

EURUSD: Another Target Met as Aggressive Selling Continues

AUDUSD: Has the Bullish Correction Run Its Course?

Currencies Digesting Latest Fed Move

While many had heard the warnings from Fed Chair Bernanke in the previous week of a near-term raise in the discount rate, most did not believe it would come so soon, and in such unpredictable and untimely manner.