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FOREX MARKET RESEARCH Technical analysis

range
November 15, 2018
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AUD and JPY are the top G10 FX gainers today, up 0.32% and 0.2% vs the dollar while GBP and SEK are the top losers, down -1.58% and -0.27% vs the dollar. In the Asian equities space, the Nikkei 225 closed down -0.20% at 21,803.62, Hang Seng closed 1.75% at 26103.34 and Kospi ended 0.97% at 2088.06. The European equities were trading mixed with the FTSE 0.32% at 7055.99, DAX 0.07% at 11420.94, and CAC -0.36% at 5050.76. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 3.0921% and the Bund 10-year yield trading at 0.354%. In the energy space, the Brent (front month) is trading up (0.11%) for the day at $66.19.

USD-Index Daily Chart (5-month)

 

 

Brent Front Month Daily Chart (6-month)

 

 

Trade Weighted Basket Hourly (one-week)

 

 

Major Currency Pairs
EURUSD Chart (Two-week)

 

 

Strategy: Support at 1.1200 for 1.1380
Short-term view: EUR/USD support at 1.1278, if we break here and move lower look for 1.1200 and possibly 1.1110. A sustained break and move higher would open 1.1380 and possibly 1.1423.

 

GBPUSD Chart (Two-week)

 

 

Strategy: Support at 1.2705 for 1.2995
Short-term view: GBP/USD support found at 1.2705, if a sustain break we look for next major level at 1.2705 and potentially 1.2641. If we can trade higher look for 1.2995 and 1.3042 in the short term.

 

USDJPY Chart (Two-week)

 

 

Strategy: Support at 112.73 for 114.10
Short-term view: USD/JPY resistance at 114.49 has held and are trading lower. Hence, we are likely to see a dip to 113.15, possibly 112.73. Above 114.49 to open 114.94.

 

AUDUSD Chart (Two-week)

 

 

Strategy: Resistance at 0.7334 for 0.7194
Short-term view: AUD/USD as MACD & RSI bottomed, we expected the bounce to 0.7258-78. A sustained break above here look for 0.7334 and 0.7386. A move below 0.7193 opens 0.7130 and 0.7055.

 

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