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Posted by on in FX Chart Updates

A still more significant erosion (from a new rebound peak, 1.2665), through  1.2418 has switched the focus back to key support.

We now see a growing threat for a break of 1.2352 to signal a top and more neutral range theme, but then also below here for 1.2313, through which sees a more bearish shift.

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Tagged in: CAD Forex FX USD USDCAD
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Posted by on in FX Chart Updates

A significant setback from a new rebound peak (1.2665), has switched the focus back to support into midweek.

But whilst above 1.2418 and given the strong bounce from here Friday, we see upside pressures intact through month-end from the prior solid defence of the 1.2352 February setback low and the January chart support at 1.2313.

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Tagged in: CAD Forex FX USD USDCAD
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Posted by on in FX Chart Updates

A dip below modest chart support at 1.5341, but a strong rally rebound from 1.5316 to leaves upside pressures from the bullish extension last week and mid-February within the broader, non-trend, range theme.

The firm February recovery effort above the key 1.5270 level and trend line from July 2014 completed a short-term base, for a broader consolidation phase, but still with a near term positive tone.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

A modest dip and solid bounce Thursday for a consolidation tone, but a still positive bias from the Tuesday-Wednesday rebound from the 118.15/11 support area, through notable resistance at the 119.20/27 pivotal area to leaves risk higher for latter February.

For Today:

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Tagged in: Forex FX USD USDJPY Yen
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