Technical Analysis
JPY & CHF in demand. EUR/SEK soon seen higher.
EUR/USD: With the attempt to move up to a fresh high failing to do so only four points short of a minimum target opens up for a possible so called truncated fifth wave.
Asian Currencies Technicals
AUD/USD dipped to test the 100-DMA to end the. A close below the 100-DMA could be a significant bearish signal, especially when combined with correcting very overbought daily tech studies.
EUR/JPY mid body failure; AUD/NZD on track lower
EUR/USD: As long as holding above the 1.3440/1.3453 (mid body of the latest benchmark candle & the August peak) the current meandering will be labeled corrective.
Daily Market Technicals
EUR/USD continues to range with a series of highs trending lower from the Sept 19 reversal high at $1.3569 and the downside finds support around the 23.6% of $1.3105-1.3542,
EUR/GBP Technical Analysis
(0,8406) EUR/GBP is still consolidating interior the negative outside day with 0,8485 – 0,8390 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0320) The USD/CAD confirmed a positive closi9ng last night trying now to overcome the resistance at 1,0320.
EUR/JPY Technical Analysis
(133,80) The EUR/JPY confirmed a mixed closing yesterday while however still consolidating interior the big inside day with 135,10 – 132,20 still the levels to follow in the coming hours/ session.
GBP/CHF Technical Analysis
(1,4635) The GBP/CHF confirmed a positive closing but overall it is still confirming further consolidation interior the positive outside day with 1,4665 – 1,4530 still the
AUD/USD Technical Analysis
(0,9383) The AUSSIE is confirming further consolidation interior the big inside day 0,9540 – 0,9320 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3522) The EUR/DOLL formed a positive outside day after another session where it found good support above the 1,3450 level.
Scandies look weak while the pound and the euro stronger – today at least
EUR/USD: Over the five recent sessions the small net move lower looks correctional. If breaking 1.3555 this would become even clearer and
Daily Market Technicals
EUR/USD tested the 23.6% as support but bulls pushed higher to close above the 5-DMA – now initial support at $1.3508.