Technical Analysis
Asian Currencies Technicals
AUD/USD pulled back from Wednesday’s high and the sharply rising 21 day upper Bollinger band ($0.9513) on Thursday as daily slow stochastic,
GBP/CHF Technical Analysis
(1,4700) The GBP/CHF is as well confirming further consolidation interior the inside day with 1,4825 – 1,4690 still the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8390) EUR/GBP confirmed a weak closing while however still consolidating interior the inside day with 0,8430 – 0,8345 the still levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2346) The EUR/CHF confirmed a weak closing while however still consolidating interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,6130) The CABLE confirmed a strong closing extending the move up well above 1,61 already last night. The European market is running 150 pips gap up that we expect to be closed somehow.
USD/CHF Technical Analysis
(0,9123) The USD/CHF confirmed a weak closing plunging below 0,9130 key level. Further weakness is expected suggesting a firm test of the 0,9020 level:
EUR/JPY Technical Analysis
(133,07) The EUR/JPY is on the way to test the 133,40 area with a possible extension toward 133,84, May’s top. A daily closing above this last level will open the way for a move toward 140!
Heavy $ losses across the board. AUD/NZD break.
EUR/USD: Given the break above the summer peak an alternate wave count, a still uncompleted upside correction, must be put in place.
EUR/USD Technical Analysis
(1,3536) The EUR/DOLL confirmed a very strong closing, well above the 1,3450 level confirming therefore a possible bottom below 1,28 with
Daily Market Technicals
EUR/USD spikes massively higher to stretch studies further into overbought territory, bulls now trade above daily Bollinger band after hitting a high of $1.3542 yesterday, now initial res.
USD/JPY Technical Analysis
(98,30) The USD/YEN confirmed a weak closing but it found support at the former resistance line of the symmetrical triangle, now found at 97,85.
USDJPY remains biased higher in the range. EURJPY retargets the 2013 peak at 133.84
USDJPY is just holding its breakout leaving it modestly higher for 101.54/61 next. Above here would retarget the 103.10/74 peak.