Technical Analysis
USD/CAD Technical Analysis
(1,0309) The USD/CAD confirmed also yesterday a further session of consolidation remaining interior the inside day with 1,0490 – 1,0310 still the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(131,92) The EUR/JPY formed yesterday a negative day reversal but only a daily closing below 131,15 will confirm a s/t top.
EUR/CHF Technical Analysis
(1,2351) The EUR/CHF confirmed also yesterday further consolidation interior the inside day with 1,2405 – 1,2330 still the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9365) The USD/CHF confirmed a weak closing below Friday’s low but managing to remain above the 200 days line at 0,9359, at least for now.
EUR/USD Technical Analysis
(1,3190) The EUR/DOLL confirmed also yesterday further consolidation interior the inside day with 1,3220 – 1,2950 still the levels to follow.
USD/JPY Technical Analysis
(99.55) The USD/YEN confirmed a weak closing last night below Friday’s low; a possible daily closing below 99,30 will confirm a s/t top supporting lower levels and
Seeking a cable short. Scandies close to a low point
EUR/USD: The market yesterday, for a short while, rose from its comfort zone to print the sought 1.3209+ high before again returning into the doldrums.
Daily Market Technicals
EUR/USD broke above the $1.3200 level but closed below, however price action today already testing above and bulls eye a close above.
Asian Currencies Technicals
AUD/USD found support ahead of the 21-DMA to start the week as it again works its way higher towards the $0.9303-43 region that is noted as key resistance.
Technician
EUR/USD Momentum is slightly pro-growth so continuation of trend is possible. However, behavior of MACD and ROCs will be important;
Possible JPY correction, AUD next correctional rise
EUR/USD: Even though the market made small upward progress on Friday buyers was unable pushing us up to the minimum target, 1.3209.
Daily Market Technicals
EUR/USD ended the week a little higher but below the Jul 11 high at $1.3207, despite this weekly studies have appeared to reverse higher.