Home [Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots

[Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots

Andrew Chaveriat, a forex technical strategist for BNP Paribas, covers the current situation in EUR/USD. In an interview with Julie Sinha on Forex TV, he marks the next levels for a Euro recovery, the levels that support the pair and the time frames for those events. And there’s lots more: commodities, the correlation between 10 year bond yields and USD/JPY and the situation in GBP/USD.

He goes on to cover commodities, the correlation to EUR/USD, AUD/USD and gold. Medium term uptrend was broken, but important technical levels weren’t lost in Aussie, Gold and also the S&P stock index.

Oil is likely to move higher in the long term, while there might be pullbacks in the meantime. Chaveriat explains the inverse head and shoulders pattern in Treasury 10 year notes and how this leads dollar/yen.

GBP/USD is stuck under a key level in order to run. USD/CHF is stuck under parity – this is both a technical and psychological level. Thanksgiving is just around the corner and the interview closes with the impact of thin trading on currencies.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.