Technical Analysis
EUR/CHF Technical Analysis
(1,2312) The EUR/CHF formed on Friday a negative outside day with a weak closing. The weekly and monthly closings were also negative suggesting further possible pressure on this cross.
Stronger dollar, weaker €. Ending NOK congestion.
EUR/USD: Friday’s attempt into the 1.3162-1.3205 support zone was rejected but the following bounce seems to have become very short lived.
EUR/JPY Technical Analysis
(130,22) The EUR/JPY confirmed a weak daily closing on Friday while those of the weekly and monthly charts were also negative supporting lower level.
EUR/GBP Technical Analysis
(0,8493) EUR/GBP confirmed a weak daily closing but formed a negative week reversal as well as a negative month reversal supporting lower levels.
EUR/USD Technical Analysis
(1,3198) The EUR/DOLL confirmed a negative closing on Friday but a weak one in the weekly chart and a negative month reversal in the monthly one suggesting further weakness.
AUD/USD Technical Analysis
(0,8968) The AUSSIE confirmed a weak weekly as well as monthly closings on Friday suggesting further pressure for this pair.
Asian Currencies Technicals
AUD/USD: Initial resistance remains at $0.8997 on the hourly timeframe with a close above needed to relieve the immediate bearish focus
USD/JPY Technical Analysis
(98,13) The USD/YEN confirmed a strong closing confirming therefore also the positive day reversal of the previous session.
EUR/JPY Technical Analysis
(129,85) The EUR/JPY failed to confirm the suggested small positive day reversal finding strong resistance above 130,50.
GBP/CHF Technical Analysis
(1,4420) The GBP/CHF confirmed a 1,44 overshooting where it did however not stop testing already the 1,4460 area.
GBP/USD Technical Analysis
(1,5507) The CABLE confirmed a session of consolidation forming a new inside day with 1,5565 – 1,5420 the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9295) The USD/CHF confirmed the expected extension of the move up by testing the 0,9320 area where it is forming a small double top formation in the hourly chart.