Subscribe to RSS

Intraday Outlooks For EUR/USD, USD/CNH, USD/JPY, Oil – SEB

The following are the intraday outlooks for EUR/USD, USD/CNH, USD/JPY, and Oil as provided by the technical strategy team at SEB Group.

EUR/USD: Another 55d ma band rejection? The pair moved a tad higher (1.1042) than expected before turning around and falling back lower. A close at current levels (or lower) will create yet another 55d ma band rejection indicating that the sellers still are in control. A sustained break below 1.0926 will sharply up a bearish outlook calling for a swift continuation down to the recent low area.

e-Institutional Views

USD/CNH: The beginning of a new trend? Today’s extremely impulsive move higher has cancelled out the idea that the move up from the 2014 low point was a three wave upside corrective move. Today’s break above 6.3014 makes such a wave count obsolete and instead warns of creating either a more complex upside correction pattern (theoretically targeting the 6.48-area) OR a having entered a third of a third wave (allowing for considerably higher levels over the medium term horizon).

e-Institutional Views

USD/JPY: Buyers at the top of the 55dma band. The bearish key day reversal on Friday was at least partly neutralized yesterday as buyers again took advantage of a dip down to the high end of the 55d ma band. Also the hourly wave pattern mostly argues for Friday’s decline to have been merely a short lived correction. If continuing according to plan the pair should soon try to overcome the recent top, 125.08, paving the way for a test of the June (and multiyear) peak, 125.86.

e-Institutional Views

BRENT CRUDE: A bullish key day reversal candle. The called for decline brought prices down in close proximity to the 48.10 support before rebounding. The price action is still very poor given the lack of follow through selling at fresh lows. Yesterday also ended with a bullish key day reversal candle indicating that 48.24 was the low at least for now. The coming days should see prices moving higher underpinned by short covering.

e-Institutional Views

This content has been provided under specific arrangement with eFXnews.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Receive $30 Credit Bonus for Trusted  Broker- FXTM

Receive $30 Credit Bonus for Trusted Broker- FXTM(0)

Switch to ForexTime and receive $30 Trading Credit Bonus. Join the hundreds of thousands of traders around the world who have already chosen ForexTime as a broker and receive $30 Trading Credit Bonus as a thank you for switching. Link:  Up to $200 Cash Bonus this December Link:  Receive $30 Tradeable Credit Bonus Link:  FX

15% Support Margin Bonus and $50 Free Bonus – FortFS

15% Support Margin Bonus and $50 Free Bonus – FortFS(0)

15% Support Margin Bonus Plus $50 No Deposit Bonus to all New and Existing Traders. For Every Traders who passed the verification process in their traders room can get the $50 Free Bonus Link:  $50 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: 15% Support Margin Bonus As from

Get $34 Forex No Deposit Bonus Contest – Xtream Forex

Get $34 Forex No Deposit Bonus Contest – Xtream Forex(0)

Sign-Up and Get $34 Forex No Deposit Bonus Contest Enjoy Forex Trading Without Deposit. Grab your $34 Forex No Deposit Bonus and start your live Forex trading to win big cash prize. Link: $34 Forex No Deposit Bonus Contest Available to: All new clients Forex $50 No Deposit Bonus Contest Duration? Registration is open till

115% Classic Bonus and $30 Welcome Bonus – RoboForex

115% Classic Bonus and $30 Welcome Bonus – RoboForex(0)

Up to 115% Classic Bonus Promotion and 50% Tradable Deposit Bonus to All RoboForex New and existing clients. 50% Tradable bonus from RoboForex is the type of bonus, which is not cancelled when the equity on your account is below the amount of the bonus funds Link:  $30 Welcome Bonus Promotion Link:  50% Tradable Bonus

Receive 25% Free Credit Bonus on your First Deposit – HYCM

Receive 25% Free Credit Bonus on your First Deposit – HYCM(0)

Get your forex trading off to a flying start. Sign up today and receive 25% Free Credit Bonus on your first deposit. The maximum trading credit bonus awarded under this promotion is US$5,000 Link: 25% Free Credit Bonus on your First Deposit Available to: All new clients Bonus Offer: Sign up today and receive 25%

60% Withdrawal Holiday Deposit Bonus – FXCL Markets

60% Withdrawal Holiday Deposit Bonus – FXCL Markets(0)

60% Withdrawal Holiday Deposit Bonus to All new and existing clients. The 60% Withdrawal Holiday  Deposit Bonus limit is $2,000 per trader. Link: 60% Holiday Withdrawal Bonus Available to: All new and existing clients Bonus Offer: 60% Withdrawal Holiday Deposit Bonus to All new and existing clients The bonus limit is $2,000 per trader. The

Up to 250% Exclusive Trading Credit Bonus – InstaForex

Up to 250% Exclusive Trading Credit Bonus – InstaForex(0)

InstaForex Exclusive Bonus Promotions is unparalleled on the market and gives a matchless opportunity to receive a Exclusive Bonus Promotions in the range of 30% to 250%. Making use of any kind of bonus, you can bump up your live trading account balance after depositing. Link:  Get 250% Bonus for First Deposit Link:  $500 Forex

New Promo-Action Free No Deposit Bonus $50 – FortFS

New Promo-Action Free No Deposit Bonus $50 – FortFS(0)

New Promo-Action Free No Deposit Bonus 50 USD to all New and Existing Traders. For Every Traders who passed the verification process in their traders room can get the $50 Free No Deposit Bonus Promotion Link:  $50 Forex No Deposit Welcome Bonus Link:  500 USD cents Forex No Deposit Bonus Link:  Up to 50% Bonus

Get 500 Cent Forex No Deposit Welcome Bonus – FortFs

Get 500 Cent Forex No Deposit Welcome Bonus – FortFs(0)

Get 500 Cent Forex No Deposit Welcome Bonus 2018-2019 to All New Traders. Open a forex real trading account, pass the personal data verification procedure and get the 500 Cent Free Forex Welcome Bonus! Link:  Up to 50% Bonus of Every Deposit Link:  500 Cent Forex No Deposit Bonus Link:  15% Support Margin Bonus Available

Get 100% Trading Bonus Promotion up to 500 USD – XM

Get 100% Trading Bonus Promotion up to 500 USD – XM(0)

XM is running an exclusive 100% forex trading bonus promo up to $500 for new and existing clients. During the promotional period, new and existing clients will be rewarded with 100% forex trading bonus up to $500 on their next deposit until the bonus amount is reached, additionally to the regular XM promo Link:  $30

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories