Technical Analysis
USD/CAD Technical Analysis
(1,0383) The USD/CAD failed to confirm the previous day’s negative day reversal forming instead a positive one supporting a possible retest of last week’s top,
USD/CHF Technical Analysis
(0,9251) The USD/CHF confirmed another weak closing last night suggesting further weakness, especially while below the 200 days channel lines.
GBP/USD Technical Analysis
(1,5335) The CABLE formed a negative day reversal but only after a 1,5385 overshooting taking out our stop. Only a daily closing below 1,5330 will confirm a s/t top supporting lower levels.
USD/JPY Technical Analysis
(97,20) The USD/YEN confirmed another weak closing last night hitting already our s/t target at 97,26.
SEK & NOK soon set to weaken, again. Monitor €/JPY
EUR/USD: Nothing from yesterday’s price action helping to determine the next move from here. With mixed signals
EUR/CHF Technical Analysis
(1,2311) The EUR/CHF formed a positive day reversal but only a daily closing above 1,2330 will confirm a s/t bottom supporting a little higher levels.
EUR/GBP Technical Analysis
(0,8675) EUR/GBP confirmed a correction forming a positive day reversal. Only a daily closing above 0,8675 will however confirm a s/t bottom.
EUR/JPY Technical Analysis
(129,30) The EUR/JPY is confirming our expectation and this morning we start the session below 129,50. The closing was weak last night below the previous day’s low supporting lower levels.
EUR/USD Technical Analysis
(1,3303) The EUR/DOLL confirmed a strong closing again above 1,33 aborting therefore the negative day reversal it formed the day before.
Daily Market Technicals
EUR/USD again testing the resistance line from Feb 2013, now at $1.3312 and part of initial res, however, bulls fail to close above this level which usually adds risk downside.
Asian Currencies Technicals
AUD/USD: The bounce from 2013 and 3yr lows paused ahead of the $0.9010 resistance with initial support now noted at $0.8948.
GBP/CHF Technical Analysis
(1,4254) The GBP/CHF confirmed another strong closing above the top of the previous session suggesting further upside potential.