Technical Analysis
AUD/USD Technical Analysis
(0,9210) The AUSSIE confirmed a positive closing on Friday but it failed to confirm the previous week’s positive week reversal.
USD/ZAR Technical Analysis
(10,1180) The DOLL/ZAR confirmed on Friday a strong closing above 10,0450, a s/t key level, supporting higher levels toward 10,20.
GBP/USD Technical Analysis
(1,5630) The CABLE formed on Friday a negative day reversal but only a daily closing below 1,5605 will confirm a s/t top.
USD/CAD Technical Analysis
(1,0330) The USD/CAD is still confirming further consolidation interior the inside day with 1,0365 – 1,0260 still the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9278) The USD/CHF formed on Friday a small positive day reversal after the selloff we had on Thursday.
USD/JPY Technical Analysis
(97,72) The USD/YEN is consolidating interior Thursday’s negative outside day with 98,75 – 96,95 the levels to follow in the coming hours/ session.
EUR/GBP Technical Analysis
(0,8530) EUR/GBP confirmed on Friday a session of consolidation forming a new inside day with 0,8580 – 0,8495 the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(130,10) The EUR/JPY is still consolidating interior Thursday’s negative outside day with 130,85 – 129,30 still the levels to follow in the coming hours/ sessions.
EUR/USD Technical Analysis
(1,3325) The EUR/DOLL formed on Friday a negative day reversal after a retest of the 1,3380 level;
EUR/CHF Technical Analysis
(1,2350) The EUR/CHF is consolidating interior Thursday’s negative outside day with 1,2450 – 1,2325 still the levels to follow in the coming hours/ session.
The Aussie is clawing back some ground
EUR/USD: Last IMM reporting week (as per last Tue’s close) Speculative accounts added to net EUR longs and reduced shorts – both directly and indirectly as an aggregate measure.
Daily Market Technicals
EUR/USD failed to retest the $1.3400 Aug 16 high while daily studies slip lower and 10-week momentum shows negative divergence.