Institutional Technical Analysis

CV Patrons,

Please find attached Standard and Chartered's weekly FX Strategy.

Apologies for the delay, I get them when I can!


Again, these are useful to compare against CV trades, and indeed compare with other instituitions (UBS is head and shoulders above the rest it seems).

Anyway, here are the highlights of the file attached:

EUR-USD
 We turn bullish on EUR-USD (from neutral earlier) as US Fed policy
action assisted an extension to the uptrend.

USD-JPY
 We remain neutral on USD-JPY and expect sideways consolidation
to continue in the near term.

AUD-USD
 We turn bullish on AUD-USD (from neutral earlier). A decisive break
above 0.935 has reversed the earlier downtrend.

USD-SGD
 We turn bullish on USD-SGD (from neutral earlier) as the recent
correction appears to be overdone and the pair is likely to rebound.

GBP-USD
 We remain bearish on GBP-USD as technical indicators argue a
reversal down is in the offing.

XAU-USD
 We remain bearish on gold. We believe the pair is likely to correct
further on the back of weak price action and poor fundamentals.

Folks,

Please find attached UBS' Weekly T/A fresh off the press!

Headlines:

Equities Heading Into Minor Low

Banks Sitting On Key Support

Constructive Pullback in Commodities (Higher Low in the Metals)

European Corrective Pullback


Good luck people.


p.s. Off/Topic but is anyone else having problems viewing the latest posts on the home screen of ChartsView, or is it just a case of clearing my browser cache?

Libero,

Do you mean the popular forum topics on the home screen? Next to featured products and business news?

If so then it's because I have been updating the featured products section, if you clear the cache you should see it.

ronnie wrote: Libero,

Do you mean the popular forum topics on the home screen? Next to featured products and business news?

If so then it's because I have been updating the featured products section, if you clear the cache you should see it.

Hi Ronnie,

It was indeed.

However, it is running perfectly again!

Cheers!

Folks,


Please find attached, UBS' latest T/A view of the broader markets.

Good luck people!

CV Patrons,

Some Institutional TA Reports courtesy of:

1. CommerzBank (who are trying to mimic UBS' broader markets report - not bad either to be fair!)

2. JP Morgan's Technical Strategy ( their take in a nutshell? Stay long CAD/JPY & short GBP/USD, EUR/MXN).

3. Standard and Chartered's Forex Strategy highlighting the following:

EUR-USD - We remain bullish on EUR-USD on the back of strengthening momentum.

USD-JPY - We remain neutral on USD-JPY and expect the sideways consolidation to continue in the near term.

AUD-USD - We remain bullish on AUD-USD. We believe the pair could retrace higher as long as it continues to sustain above 0.925.

USD-SGD - We remain neutral on USD-SGD as the charts are inconclusive as to the future direction.

GBP-USD - We remain bearish on GBP-USD as technical indicators remain over-extended.

XAU-USD - We remain neutral on gold, until key primary support of 1285 is
breached and downside momentum grows.


Good luck people and be safe!