No big moves seen post G-20 and Chinese New Year festivities. The weekly chart however reveals some interesting patterns such as the long upside mid body spike in EURUSD calling for more weakness in the weeks to come and GBPNOK’s weekly spring bottom with bull divergence. EURUSD sell the high end of the 1.3306/97 congestion range, USDJPY possible head and shoulders top, 91.96/92.22 a must watch should the pair begin to slide, EURSEK more congestion likely but sellers will gain the upper hand below 8.4385, EURNOK (GBPNOK) weekly false downside break warns of more buying in the pipe, NOKSEK hence still liked lower, USDCAD could see demand increasing a lot breaking above the 1.0088/0101 key resistance, both EURHUF & EURPLN trading bid and will likely attract additional buying, BONDS mainly sideways for today, S&∓P500 continued grind higher, OIL downside spike shows there’s still demand at lower prices.
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