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EUR/USD Classical Technical Report 07.19Tuesday, July 19, 2011 @ 12:03AMEUR/USD : Overall, price action remains quite bearish and we continue to like the idea of selling into rallies in anticipation of a more sizeable pullback below the 200-Day SMA. The longer-term moving average resides by the 1.3900 figure and a clear break below will open the door for a test of next key support in the 1.3750. In the interim, look for the formation of a fresh lower top by 1.4285 ...

USD/JPY Classical Technical Report 07.19Tuesday, July 19, 2011 @ 12:03AMUSD/JPY: The latest daily close below 79.50 certainly compromises our constructive outlook with the market breaking down below some solid multi-day range support in the 80.00 area and dropping into the 78.00’s thus far.

Eur/Sek Poised for Fresh Upside Extension; Look to BuyTuesday, July 19, 2011 @ 12:03AMEur/Sek The market recovery out from 8.70 remains intact despite the latest minor pullback and we look for a fresh higher low to now be in place at 9.05 ahead of the next upside extension towards the 9.30-50 area further up.

EUR/JPY Classical Technical Report 07.19Monday, July 18, 2011 @ 11:52PMEUR/JPY: Any pullbacks towards 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns. DailyFX provides ...

NZD/USD Classical Technical Report 07.19Monday, July 18, 2011 @ 11:52PMNZD/USD: Any sign of an intermediate top in this market is looking less pronounced with the price recently rallying back to fresh post float record highs by psychological barriers at 0.8500 However, we still consider the overall price action to be quite stretched and would therefore be looking for yet another topside failure ahead of an eventual bearish decline and shift in the overall construct ...