FX Specialist Guide 27
Transcript of FX Specialist Guide 27
-
7/31/2019 FX Specialist Guide 27
1/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Week 2704th July 10th July 2012
TheFX Specialist GuidePhilip J Allwright
Mark Sturdy
Authorised and regulatedby the FSA
-
7/31/2019 FX Specialist Guide 27
2/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Summary
Stay BEARISH after violation of Jan low
Stay SQUARE 76.4% pullback area provides support
Stay BULLISH s/term consolidation in process
Stay BEARISH Jan low holding so far
Stay SQUARE modest bounce seen after erosion of Jan low
Stay BEARISH s/term consolidation in process
Stay BULLISH market holding at 1.2000 floor
Stay BEARISH s/term bounce in process
Stay BULLISH after Index pushes beyond the Jan high
Stay BULLISH pullback mode in process after test of 76.4% resistance
Stay BEARISH bounce puts further pressure on resistanceStay BEARISH s/term recovery in process
Stay BULLISH s/term consolidation seen after test of Nov-11 high area
Stay BULLISH s/term pullback mode continues
Summary
-
7/31/2019 FX Specialist Guide 27
3/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
MAJORS
Euro Dollar MonthlyChart:
Earlier resistance was found nearthe 76.4% retracement of thelosses from the 2008 peak.
The long term 50% retracementlevel is again being approachednow.
Euro Dollar
More
In EUR/USD a modest rebound has followed an earlier breach of the Jan low. In USD/JPYsupport remains from the 76.4% retracement area. Recovery in USD/CHF remains inprogress. In GBP/USD the recent rebound has met with resistance. The US Dollar Indexremains in recovery mode.
MAJORS
-
7/31/2019 FX Specialist Guide 27
4/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Dollar
Euro Dollar WeeklyChart:
After violation of earlier 76.4%support temporary support has
emerged around the old 1.2328Oct-08 low area. Failure hereopens up the 1.1875 Jun-10 low.
+ Euro Dollar
MAJORS
-
7/31/2019 FX Specialist Guide 27
5/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Dollar
Euro Dollar DailyChart:
The chart has turned s/termconsolidative after the earlier
violation of the 1.2624 Jan low.The downmove is expected toresume in due course, whichwould call for lower targets/supports such as the fallingsupport line.
As before, interest will be asmuch in the longer term charts asprice moves lower.
We maintain a bear stance here.
+ Euro Dollar
MAJORS
-
7/31/2019 FX Specialist Guide 27
6/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Dollar Yen
Dollar Yen MonthlyChart:
The trend remains down here. Sofar, though, the market has not
been able to hold below themajor 79.70 1995 low.
Dollar Yen WeeklyChart:
The recovery earlier tested bearchannel top resistance. It remainsfirst key resistance on this chart.
+ Dollar Yen
MAJORS
-
7/31/2019 FX Specialist Guide 27
7/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Dollar Yen
Dollar Yen DailyChart:
Resistance remains from theunderside of the earlier bull
channel base, following recoveryoff support from the 76.4%pullback.
A push beyond this would giveshorter term bulls a second wind.
Meanwhile the 76.4% supportneeds to hold to avoid a morebearish outlook.
We maintain a sidelined stancefor now.
+ Dollar Yen
MAJORS
-
7/31/2019 FX Specialist Guide 27
8/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Dollar Swiss
Dollar Swiss MonthlyChart:
The market bounced ahead ofthe main bear channel base
projection.
Dollar Swiss WeeklyChart:
Recovery here recently tested/eroded the 0.9674 Mar-08 lowarea. This begins to turn our
focus on the 0.9955 61.8%recovery level and higher risingreturn line as next potentialresistances.
+ Dollar Swiss
MAJORS
-
7/31/2019 FX Specialist Guide 27
9/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Dollar Swiss
Dollar Swiss DailyChart:
The chart remains positivefollowing the earlier albeit brief
break above the 0.9594 Jan high.Pullback attempts have beenmodest so far, holding above the0.9334 15-Mar high.
Besides levels on the longer termcharts here note a Fibo projectionat 1.0065 as the next possibletarget.
We maintain an overall bull
stance for now.
+ Dollar Swiss
MAJORS
-
7/31/2019 FX Specialist Guide 27
10/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Sterling Dollar
Sterling Dollar MonthlyChart:
Recovery after briefly eroding the1.3677 Jun-01 low confirmed the
importance of this area ofsupport.
Resistance from the 1.7043 Dec-05 low has stayed intact.
Sterling Dollar WeeklyChart:
The falling support line justbeneath 1.5200 coincides with a61.8% retracement at 1.5190,
also marked on the Daily chartbelow. These combine to providekey support, breaking whichwould be a fresh bear sign.
+ Sterling Dollar
MAJORS
-
7/31/2019 FX Specialist Guide 27
11/34
-
7/31/2019 FX Specialist Guide 27
12/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar Index
US Dollar Index MonthlyChart:
Recovery attempts have beenresisted at/below the long term
38.2% retracement.
US Dollar Index WeeklyChart:
The recovery has now seenerosion of the 82.590 61.8%retracement, with higher 84.930
76.4% level the next focus ofattention.
+ US Dollar Index
MAJORS
-
7/31/2019 FX Specialist Guide 27
13/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar Index
US Dollar Index DailyChart:
The recent pullback was modest,holding above the support offered
by the 80.738 15-Mar high.Resumption of the upmove wouldturn attention towards resistanceoffered higher up by the bullchannel top.
Interest is as much in the longerterm charts now.
We maintain an overall bullstance here.+ US Dollar Index
MAJORS
-
7/31/2019 FX Specialist Guide 27
14/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
CROSSES
Euro Yen MonthlyChart:
The next downside focus is onthe Fibo projection at 89.40,close to the Oct 2000 low.
Euro Yen
More
A modest bounce in EURJPY has followed recent erosion of the Jan low. EURGBP hasstayed consolidative but is still vulnerable to further weakness. The EURCHF crosscontinues to flat line near 1.2000. GBPJPY is seeing a s/term rebound.
CROSSES
+ Euro Yen
-
7/31/2019 FX Specialist Guide 27
15/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Yen WeeklyChart:
The drop back from near thefalling resistance line has seenapproach to falling supportaround 94.20 currently.
Euro Yen
-
7/31/2019 FX Specialist Guide 27
16/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Yen DailyChart:
The chart seems to be inrecovery mode still, though weare presuming this to betemporary.
As before, a later, clearer breakthrough the area of the 97.01 Janlow area would turn attentiontowards lower support offered bythe projected bear channel base.
We maintain a sidelined stancefor now.
Euro Yen
CROSSES
-
7/31/2019 FX Specialist Guide 27
17/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Sterling
Euro Sterling MonthlyChart:
The drop back from resistance
from the old triangles undersidehas now turned attention towardsthe long term 61.8% pullbacklevel.
Euro Sterling WeeklyChart:
The 0.8065 2010 low wasbreached, with bears firmly incontrol. Lower supports areoffered by the Oct-08 0.7692take-off point and bear channelbase projection.
+ Euro Sterling
CROSSES
-
7/31/2019 FX Specialist Guide 27
18/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Sterling
Euro Sterling DailyChart:
Consolidation continues here,with first resistances coming from
the falling resistance at 0.8160and 0.8218 Jan low. As before,ideally these should hold at thisstage, but a break through thesewould bring into play the higherchannel top projection at 0.8235 -a breach of this latter wouldsignal loss of bear momentumand the chance for a betterrebound phase.
Lower support is offered by thebear channel base projectionaround 0.7745.
We maintain a bear stance here.+ Euro Sterling
CROSSES
-
7/31/2019 FX Specialist Guide 27
19/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Swiss
Euro Swiss MonthlyChart:
The upside focus here is on the
1.2665 38.2% recovery level ofthe whole fall from 2007 high.
Euro Swiss WeeklyChart:
The cross rate earlier putpressure on the resistancearound the 1.2400 Dec-10 low,but continues holding below.
+ Euro Swiss
CROSSES
-
7/31/2019 FX Specialist Guide 27
20/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Euro Swiss
Euro Swiss DailyChart:
Price action continues to cling to
the 1.2000 floor set by the SNB,which lies just above the 1.197429-Aug high area and 1.191223.6% retracement.
Overhead the 76.4% retracementand 1.2400 Dec-10 low remainkey resistance.
We maintain an overall bullstance here.
+ Euro Swiss
CROSSES
-
7/31/2019 FX Specialist Guide 27
21/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Sterling Yen
Sterling Yen MonthlyChart:
The earlier Fibo projection
around 121.00came underattack, but no decisive breakseen. The lower projection at108.60 stays out of reach fornow.
Sterling Yen WeeklyChart:
The sharp drop back fromresistance near the 134.45 38.2%
retracement almost completelyundid prior gains.
+ Sterling Yen
CROSSES
-
7/31/2019 FX Specialist Guide 27
22/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
Sterling Yen
Sterling Yen DailyChart:
After recovery from the early Jun
low the market remainsconsolidative either side of initialresistance from around the oldchannel base, now exceeded.
Next resistance is offered by the127.11 16-Apr low area. Asbefore, rallies are presumedtemporary.
We maintain an overall bear
stance here.
+ Sterling Yen
CROSSES
-
7/31/2019 FX Specialist Guide 27
23/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
MINORS
US Dollar CAD DollarMonthly Chart:
The recovery off the 0.9056 Nov-07 low failed to reach the next
retracement level of the 2002-2007 losses, at 61.8%.
The subsequent pullback provedto be deep.
US Dollar CAD Dollar
More
In USD/CAD a76.4% retracement remains first resistance. AUD/USDs s/term recoverymay test higher resistance, the same applying to NZD/USD. In USD/ZAR consolidation hasset in after recent pressure was put on the Nov-11 high. USD/SGD has returned to recentsupport.
MINORS
+ US Dollar CAD Dollar
-
7/31/2019 FX Specialist Guide 27
24/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar CAD DollarWeekly Chart:
Earlier, price action stuck nearthe old 0.9926 Apr-10 low, prior
to recovering. Upside focus isturning back towards the 38.2%retracement of the whole2009/2011 downmove at 1.0800.
US Dollar CAD Dollar
-
7/31/2019 FX Specialist Guide 27
25/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar CAD DollarDaily Chart:
The chart still looks to be incorrection mode, after earlier test
of the 76.4% retracement. Asbefore, ideally support will comein at/above the earlier 1.0050resistance area.
A later clear violation of the76.4% level would provide auseful boost to the bulls.
We maintain an overall bullstance here.
US Dollar CAD Dollar
-
7/31/2019 FX Specialist Guide 27
26/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
AUS Dollar US Dollar
AUS Dollar US DollarMonthly Chart:
The market is easing back
towards the 0.9405 Nov-09 higharea, which provided previoussupport.
AUS Dollar US DollarWeekly Chart:
Following breach of the bullchannel base, lower supports
include the 0.9386 Oct-11 low,ahead of the multi-year 38.2%retracement at 0.9140.
+ AUS Dollar US Dollar
MINORS
-
7/31/2019 FX Specialist Guide 27
27/34
-
7/31/2019 FX Specialist Guide 27
28/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
NZ Dollar US Dollar
NZ Dollar US DollarMonthly Chart:
The upmove earlier violated the
bull channel top but failed to stayabove.
NZ Dollar US DollarWeekly Chart:
The 0.7330 38.2% retracementremains key support.
+ NZ Dollar US Dollar
MINORS
-
7/31/2019 FX Specialist Guide 27
29/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
NZ Dollar US Dollar
NZ Dollar US DollarDaily Chart:
Recovery here has threatened
resistance around the 0.8054 22-Mar low area. Just above lies the0.8080 61.8% bounce level.
The area between that and the76.4% level coincides with theMar/Apr congestion and thiscould be tough to get through.
We maintain an overall bearstance for now.
+ NZ Dollar US Dollar
MINORS
-
7/31/2019 FX Specialist Guide 27
30/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar SA Rand
US Dollar SA RandMonthly Chart:
The market is recovering after
failing to stay below the 76.4%pullback level.
US Dollar SA RandWeekly Chart:
Latest recovery has seen erosionof the 8.5565 38.2% resistance
level, which previously providedgood resistance last Nov.+ US Dollar SA Rand
MINORS
-
7/31/2019 FX Specialist Guide 27
31/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar SA Rand
US Dollar SA RandDaily Chart:
So far support remains at/above
the 8.0503 11-Apr high.
Bulls still look for a better go atthe late Nov-11 high, and once aclear breach of this is seeninterest will be as much in thelonger term charts. Here keep inmind the bull channel topprojection offering futureresistance.
We maintain a bull stance here.
+ US Dollar SA Rand
MINORS
-
7/31/2019 FX Specialist Guide 27
32/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar SING Dollar
US Dollar SING DollarMonthly Chart:
Earlier weakness found support
near the next Fibo projection, the1.618 swing off prior 2008/2009rebound, at 1.2115. Recoveryhas so far stopped short ofresistance offered by the 1.3438Jul-08 low, ahead of the 1.353523.6% retracement of thedownmove from Dec-01.
US Dollar SING DollarWeekly Chart:
Next upside target is key dualFibo resistance at 1.3360, a
61.8% level and 38.2% level ofthe fall from Mar-09 high.
+ US Dollar SING Dollar
MINORS
-
7/31/2019 FX Specialist Guide 27
33/34
Summary
MINORS
Disclaimer
CROSSES
MAJORS
+ US Dollar Index
+ Euro Dollar
+ Dollar Yen
+ Dollar Swiss
+ Sterling Dollar
+ US Dollar CAD Dollar
+ AUS Dollar US Dollar
+ NZ Dollar US Dollar
+ US Dollar SA Rand
+ US Dollar SING Dollar
+ Euro Yen
+ Euro Sterling
+ Euro Swiss
+ Sterling Yen
US Dollar SING Dollar
US Dollar SING DollarDaily Chart:
The recovery off support from theold channel top reversed lastweek, retesting that support. Adrop lower would postpone anyattack on the 76.4% 1.3200 level,which bulls need for their nextboost.
We maintain a bull stance here.
+ US Dollar SING Dollar
MINORS
-
7/31/2019 FX Specialist Guide 27
34/34
Back to main menu
SEVEN DAYS AHEADAuthorised and Regulated by the FSA
124 REGENTS PARK ROAD LONDON NW18XLTEL +44 (0) 7849 922573 E-MAIL [email protected],[email protected] SITE SEVENDAYSAHEAD.COM
The material and information set out in this research is not intended to be a quote of an offer
to buy or sell any financial products. Any expression of opinion is based on sources believed
to be reasonably reliable but is not guaranteed as to accuracy or completeness.
The material and information herein is general and for informational purposes only. Although
Seven Days Ahead endeavours to provide useful information they make no guarantee as to
the accuracy or reliability of the research.
The derivative market comprises volatility and considerable risks. To the maximum extent
permitted by law no responsibility or liability can be accepted by Seven Days Ahead, any
company or employee within its group for any action taken as a result of the information
contained in this presentation. You are requested not to rely on any representation in this
research and to seek specific advice from your accountant, legal adviser or financial services
adviser when dealing with specific circumstances.
Seven Days Ahead is regulated by the UK Financial Services Authority.