CZK: EUR/CZK Tests 50-DMA To Downside After Wednesday's Break Above There
Oct-30 10:44
EUR/CZK closed above its 50-DMA for the first time since April 22 yesterday, after rejecting resista...
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EGB FLOWS: A lot of activity in Block trades
Sep-30 10:41
A lot of activity in EGB Block trade, more than usual:
- RXZ5 ~2.91k at 128.60.
- UBZ5 ~1.28k at 114.50.
- IKZ5 950 at 119.87.
- IKZ5 518 at 119.84.
OUTLOOK: Price Signal Summary - Monitoring Support In USDJPY
Sep-30 10:40
- In FX, the trend theme in EURUSD remains bullish and the recent pullback appears corrective. Attention is on support at 1.1682. the 50-day EMA. It has been pierced, a clear break of this average would signal scope for a deeper retracement and expose 1.1574 initially, the Aug 27 low. For bulls, a clear resumption of gains would refocus attention on 1.1923, a 2.0 projection of Feb 28 - Mar 18-27 swing. Initial firm resistance to watch is 1.1820, the Sep 23 high.
- The bear cycle in GBPUSD that started Sep 17, remains in play. Recent weakness resulted in a break of 1.3491, a trendline support drawn from the Aug 1 low. This undermines a recent bullish theme. Note too that 1.3333, the Sep 3 low and a key support, has been pierced, opening 1.3282 next, the Aug 6 low. Initial key resistance to watch is 1.3537, the Sep 23 high. A break of this hurdle would signal a reversal.
- USDJPY has pulled back from last week’s high print. The move down - for now - appears corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch lies at 147.59, the 50-day EMA. Pivot support has been defined at 145.49, the Sep 17 low. A resumption of gains would signal scope for a climb towards key resistance at 150.92, the Aug 1 high.
US 10YR FUTURE TECHS: (Z5) Corrective Cycle Still In Play
Sep-30 10:28
- RES 4: 114-10 High Apr 7 (cont.)
- RES 3: 114-00 Round number resistance
- RES 2: 113-12/29 High Sep 18 / High Sep 11 and the bull trigger
- RES 1: 112-23/113-00 20-day EMA / High Sep 24
- PRICE: 112-20 @ 11:15 BST Sep 30
- SUP 1: 112-01 50.0% retracement of the Jul 15 - Sep 11 bull phase
- SUP 2: 111-26 Low Aug 26
- SUP 3: 111-13+ Low Aug 18 and a key support
- SUP 4: 111-01+ 76.4% retracement of the Jul 15 - Sep 11 bull phase
A short-term bear cycle in Treasury futures remains in play. Last Thursday’s sell-off resulted in a print below the 50-day EMA, currently at 112-10+. A clear break of this average would undermine a bull theme and signal scope for a deeper retracement. This would open 111-13+, the Aug 18 low and the next key support. On the upside, initial firm resistance to watch is 113-00, the Sep 24 high.
