Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Bear Trend Resumes

SCHATZ TECHS
  • RES 4: 108.010 High Sep 13
  • RES 3: 107.770 High Oct 4 and the reversal trigger
  • RES 2: 107.180/360 High Oct 13 / 6 and key resistance
  • RES 1: 106.630/107.017 High Oct 20 / 20-day EMA
  • PRICE: 106.470 @ 05:34 BST Oct 21
  • SUP 1: 106.430 Low Oct 20
  • SUP 2: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 106.00 Round number support
  • SUP 4: 105.800 Low Nov 2008 (cont)

The Schatz futures primary trend direction is down. Yesterday’s extension lower resulted in a break of support at 106.535, the Sep 26 low. This confirms a resumption of the primary downtrend and maintains the bearish price sequence of lower lows and lower highs. The move lower paves the way for 106.379 next, a Fibonacci extension. Key short-term resistance has been defined at 107.180, the Oct 13 high.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.