Institutional Technical Analysis

Folks,

Some FX tech from JP Morgan - interesting take it has to be said...

This is from friday, so if you are going to read them (they are short), be ready for the open as they tend to issue these daily for their own desks...

Good luck!

Folks,

In the absemnce of UBS' reports, here are some from the following (Forex):

1. CommerzBank FX

2. CommerzBank Commodity FX

3. JP Morgan FX

4. Soc Gen FX


Good luck!

More Forex TA - from Barclays Capital...

(they used to be good, but...)

Folks,

Please find UBS' T/A take on the broader market...

Wow, I never thought I'd read the words "New Key Support 1729!" when talking about the S&P this soon!



On gold (I have an interest!):

Gold is testing our highlighted 1330 breakout level. We reiterate our recent call that despite the weak medium-term structure/patterns in gold we continue to see another tactical rally in the yellow metal and gold mines into December. On the upside the level of 1330 remains a key breakout resistance and as long as gold trades below this level we can still see another but final down leg into later this week or next week before starting our anticipated rally. As a tactical strategy we recommend buying into a potential final dip or a break above 1330!!

Very prophetic - hopefully!






(Also, the next report will arrive after Nov 5th)

A few more Technical Views (for that all essential weekend read perhaps? )

JP Morgan's FX Technicals focuses on:

EUR/USD hourly – Still awaiting a range breakout between 1.3452 and 1.3605/08

GBP/USD hourly – The failed attempt to re-break the breakout line is clearly negative

EUR/GBP hourly– A range breakout between 0.8512 & 0.8424 is needed for directions

EUR/AUD daily – A test of the key-support at 1.3959 looks to be due next

.....

There's more from CommerzBank on Commodity Currencies, I know Remo and RedChilly trade these!

NZD/USD: Bounces off the 200 day moving average at .8183 and targets the .8462/.8500 region.

USD/CAD: Still has the 1.0421/44 area in focus, a rise above which will target the 1.0608/76 zone.

EUR/AUD: Is in the process of falling through support at 1.4193/67 and has the 1.3864/12 area in view.

EUR/NZD: We have turned bearish and target the 1.5922/20 zone and then the 1.5613/1.5522 area.

EUR/CAD: Flirts with the 1.4128 August high, a rise above which will target resistance at 1.4176/1.4315.

..............

As well, CommerzBank on the FX Markets, and Standard and Chartered's weekly Market view.

Enjoy and good luck folks!

The CommerzBank team is working in over drive it seems

Here's Their Strategic Technical Themes

1. US Dollar strength is cautiously manifesting itself again. The US Dollar Index is to head higher again while 79.87/55 holds.

2. EUR/USD is probably in the process of topping out and should head lower again.

3. A top was formed at the 1.6259 GBP/USD current October high; targets the 1.5752/15 region

4. EUR/AUD targets the July 2013 low and November 2011 high at 1.3864/11.

5. US 10Y T-Notes have formed another interim top and are heading lower again; inversely the 10 year yield is to rise again.

6. The September corrective rebound in December Bund futures has ended at 140.87; expect the 138.73 level to be hit next.

7. Credit strength has further to run.

8. Gold continues to decline and targets the 1208.08/1180.04 support zone next, then the 1162/1155 area.

(hehehe, they got Gold badly wrong - they have been very poor in calling gold to be fair. UBS have been much better).

Good luck folks!