The S&P confirmed a strong closing on Friday above the top of the previous session, but only a move above 1960 will postpone further weakness. The weekly closing was mixed! The indicators of the daily chart are still well positive as well as those ...

Analyzing Dow, Dax, FTSE, etc

"The 1.3670/90 barrier is expected to cap." Credit Suisse EURUSD’s bounce appears to be stalling on approach to key price, 200-day average and 38.2% retracement resistance at 1.3670/90. We expect strength to ideally be capped below here for a turn ...

EURUSD

"We stay bullish for a break above 1.7063 to test 1.7118 next, then our core medium-term target at 1.7332." Credit Suisse GBPUSD has rallied to retest the recent high at 1.7063, which is again capping for now. However, we look for an eventual ...

Cable Update (GBPUSD)

AUDUSD continues to edge higher towards the recent high at .9447, and we remain bullish for a break here to see an eventual challenge of the 2014 high at .9463. Beyond here is needed to confirm the completion of a bullish continuation pattern to see ...

AUD/USD

USD/CAD’s decline accelerated lower these past few days and led to a new June low at 1.0717 being made. This low fits right between the 50 % retracement at 1.0731 and the 1.0707 early December high. From here a recovery back to the 200 day moving ...

USD/CAD

NZD/USD found interim support at .8402 in early June and has since then reached the April high at .8747 by reaching the .8751 current June high before consolidating. As long as it and the next higher.8781 May high cap on a daily chart closing basis ...

NZD/USD

Rally has remained capped by the channel resistance, allow for 1231.15/1228.31 before. The reversal ahead of the 1231.15/1228.31 support area. (the January 23 low and the 78.6% Fibonacci retracement) has resulted in a swift rally to the top of the ...

XAU/USD Spot Gold

Market has broken up from a triangle with a 113.07 target. Fibo at 107.75 holds initial test. WTI crude oil has seen an acceleration higher through the 104.20/105.22 resistance (61.8% retracement of the move down from the September 2013 peak and the ...

Trading Crude Oil with price action + indicator

Credit Suisse: We look for 1.6845/83 to ideally cap any near-term strength. Strategy: Flat, stopped out. Sell at 1.6835, stop above 1.6883 for 1.6699. Read more: Market Watch

Cable Update (GBPUSD)

Credit Suisse: The immediate outlook stays bearish for a test of .8064/61 next. Strategy: Short at .8115, stop above .8161, for .7985. Read more: Market Watch

EUR/GBP - What a great pair to trade!

Barclays: The market is testing resistance in the 0.8990/0.9000 area and is lacking topping signs thus far. We are marginally bullish as price has emerged above its 200-day average (0.8984). Buy dips while above 0.8930, targeting 0.9080. Read more ...

USD/CHF

Barclays: The market is likely to head lower towards 1.6660 (daily cloud base). Near term, a break below would 1.6693 would usher further selling interest. Bearish pressure remains in the absence of a move above 1.6780 and larger targets are to ...

Cable Update (GBPUSD)

UBS: Cable has been under pressure, dipping below 1.6700 twice in the last two days, with more profit taking in EURGBP. With the dollar on the back foot since yesterday, however, the pair may recover towards the weekend. Read more: Trading Look

Cable Update (GBPUSD)

Credit Suisse: The risks stay lower to 38.2% retracement support next at 1.3520. Read more: Market Watch

EURUSD

Barclays: The bullish move in UK bonds has provided a catalyst for further GBP weakness. We look for further downside toward targets in the 1.6660 area next. Any rallies toward 1.7000/45 (2009 peak) would provide an opportunity to sell. Read more ...

Cable Update (GBPUSD)

Barclays: Wednesday’s pause in the recent sell-off is seen as a healthy development within the move lower of the past five days. We are happy to stay bearish and expect further subsequent weakness toward 1.3670, the April lows. A move beyond there ...

EURUSD

Barclays: We are neutral but becoming more bearish while resistance in the 1.7000/1.7045 area caps (psychological hurdle and 2009 peak). A clear topping signal would confirm downside risk towards the 1.67 handle. A close above 1.7050 would negate ...

Cable Update (GBPUSD)

Barclays: EURUSD reached our targets in the 1.3970/1.40 area before reversing sharply lower on Thursday. The close below 1.3860 suggests further downside. Given the extent of the reversal, we would prefer to fade upticks against 1.3900 and look for ...

EURUSD

Barclays: The positive close following a violent session on Friday warns of short-term bullish risk. Our confidence would increase on a break above 1.3905. Bigger picture, the market is holding above support (previous trendline off the 2008 peak) ...

EURUSD

Barclays: A Bullish Reversal Week completed on Friday, combined with our medium-term view of a return to 0.8845 (2011 peak), keeps us bullish. The next level to overcome is the 2014 peak near 0.8747. For AUDNZD, targets remain lower to the 1.0580/90 ...

NZD/USD