Technical Analysis
NOK sellers soon ought to come back to market
EUR/USD: The dollar failed to hold on to inter-week gains into the close last week. This added a higher low and a higher high in this weekly perspective.
USD/CAD Technical Analysis
(1,0500) The USD/CAD formed on Friday a negative day reversal but only a daily closing tonight below 1,0496 will confirm a s/t top.
USD/CHF Technical Analysis
(0,9220) The USD/CHF confirmed a negative closing failing again to confirm a move above the resistance of the inside day at 0,9265.
USD/JPY Technical Analysis
(98,51) The USD/YEN confirmed a 99 overshooting on Friday before however closing slightly lower forming a negative day reversal.
Asian Currencies Technicals
The $0.9050 level remains initial resistance for the AUD/USD to start the new week, but with the 21-DMA at $0.9070 we will look for
Weekly FX Technical Outlook
EUR/USD The charts are not providing a lot of clarity on the outlook for EUR/USD in our opinion.
NOK is depressed but deserves a breather anyway
EUR/USD: Yesterday’s attempt lower was responded to in the expected support area. Players face a recent both-sides rejection when they come in today and the outcome is obscured.
Asian Currencies Technicals
AUD/USD: The move lower in the pair paused ahead of the Aug 6 lows yesterday before recovering a little lost ground,
CAD Technical Outlook
USD/CAD saw no pullback at all yesterday and the underlying trend higher has extended higher through the overnight session to reach the low 1.05 area.
The dollar regains the upper hand again
EUR/USD: The fresh high (neutralizing the medium-term wave count) looks weak with a bearish candle yesterday topping the price/momentum “pre-divergence”.
EUR/CHF Technical Analysis
(1,2330) The EUR/CHF confirmed a session of consolidation forming a new inside day with 1,2350 – 1,2275 the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8556) EUR/GBP formed yesterday a negative outside day reversal with 0,8590 – 0,8495 now the new levels to follow in the coming hours.