Technical Analysis: Technical Week Ahead.

EUR/USD – Could extend gains this week, but likely not breaking above 1.5145

EUR/GBP – Holds a >0.9043 test likely

EUR/CHF – Is stretched, but needs to break 1.2258 & 1.2400 for confidence in a low potentially in place

EUR/SEK – Has started the month bid – in a three month range

EUR/NOK – In a sixth consecutive month within well known parameters

USD/CAD – Worth following the implication of a counter-trend bullish print last month

AUD/USD, AUD/JPY & AUD/JPY – Downside attention needed

EUR/HUF – Outside 260.95\263.25 needed to show direction

USD/TRY – Look for a >1.63 move

USD/INR – Bullish print last month justifies an upside watch

CRB INDEX – A “C-wave high” is possibly in place but this needs further confirmation

SPOT SILVER – Notably bearish monthly print took the edge out of the prior ballistic move higher

GER 10Y YIELD – Resistance near 3.00% noted, but over 3.34% is needed to call for higher rates

GER 2Y YIELD – Bullish key-month reversal last month

S&P500 – 1252/1249 exposed while holding below 1348

€STOXX50 – Targeting ~2600 while trading south of 2980

 

 

Skandinaviska Enskilda Banken AB