Technical Analysis
USD/JPY Technical Analysis
(100,47) The USD/YEN confirmed a strong closing last night above the resistance of the inside day, the dollar was interior in the past few sessions,
EUR/JPY Technical Analysis
(133,15) The EUR/JPY is still well bid after last night’s strong closing supporting a firm test of the 133,84 top;
EUR/CHF Technical Analysis
(1,2410) The EUR/CHF confirmed yesterday a further session of consolidation interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3257) The EUR/DOLL confirmed a positive closing while remaining interior the previous day’s range, upper range, forming a new inside day with
Stronger NOK & AUD and weaker JPY can’t be neglected
EUR/USD: The high end of “the Cloud” and the 21day “Base line” keeps capping. Over 1.3299 is needed to start seeing the Aug-Sep decline as either a more complex trend lower
Technical Analysis: USDCHF Continue To Try And Base
USDCHF continues to try and hammer out a better base above the .9147/30 June/August range lows.
Daily Market Technicals
EUR/USD now hanging around just below the 21-DMA, still initial resistance at $1.3285 and just above the weekly Feb 2013 res line at $1.3279.
Asian Currencies Technicals
AUD/USD has broken into the key $0.9315-43 res region with the Ichimoku cloud top noted at $0.9336.
GBP/CHF Technical Analysis
(1,4640) The GBP/CHF confirmed a negative closing but it failed to confirm Friday’s negative day reversal.
GBP/USD Technical Analysis
(1,5704) The CABLE confirmed a strong closing last night at the resistance of the positive outside day supporting further strength.
Correctional moves (weaker dollar) remain in play
EUR/USD: The recent/ongoing move higher has come with two consecutive rather large daily candles. The rolling 21day high/low average aka “Base line” was respected yesterday,
EUR/GBP Technical Analysis
(0,8448) EUR/GBP confirmed a strong closing last night above the top of Friday’s positive day reversal. We have a s/t bottom but