Daily Market Intelligence 11-16-20
Daily Market Intelligence 7-20-20
Emerging market currencies… The Mexican Peso, Brazilian Real and the Indian Rupee are all extremely oversold. This leads us to their respective Stock etf’s which look to be good candidates for an oversold bounce as well. Pay attention to the … Continue reading
AUD/USD…101.15 is the next level technical level with stops below. The macro pivot of 102.15-25 does not change. This is the level to sell rallies against to manage risk. EUR/AUD…128.92 is last weeks high and now becomes minor short term … Continue reading
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
Spu’s…as long as the Spu’s don’t close back over 1341 the board will trade Risk Off. Closing today under 1333 will be negative and have us looking for another 40 points of downside. 1324.50 Spu matching Nasd 2540 can be … Continue reading
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
The Aussie,Aud/Cad,Euro have all reached their first set of downside tgt’s yesterday or last night. Currency traders should be patient and wait for good re-tracement levels to try the short side again. The market needs a little time to see if the … Continue reading
The most interesting feature on the board this a.m. is the AUD/CAD. 97.30 ish is the level we are monitoring off a qtrly look, a good violation of this area would lead to a test of 96. EUR/CHF …124 should … Continue reading