Technical Analysis
EUR/JPY Technical Analysis
(130.35) The EUR/JPY confirmed a weak closing but it failed to confirm the break of the support of the inside day at 129,85.
USD/JPY Technical Analysis
(99,77) The USD/YEN confirmed the expected correction that favoured the closing of the gap up area formed some time ago on the break above 100.
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Asian Currencies Technicals
AUD/USD: The pair took out the $0.9695 level overnight with this level now noted as initial support and a close back below needed to see focus return to the 2013 low.
GBP/CHF Technical Analysis
(1,4554) GBP/CHF confirmed a test of our s/t target at 1,4470 with even a small undershooting before forming a positive day reversal on Friday.
GBP/USD Technical Analysis
(1,5228) The CABLE formed on Friday a negative day reversal but only a daily closing below 1,5140 will confirm lower levels.
USD/CAD Technical Analysis
(1,0363) The USD/CAD formed on Friday a positive day reversal while confirming a positive closing in the weekly chart and a strong one in the monthly one supporting higher levels.
USD/CHF Technical Analysis
(0,9560) The USD/CHF formed on Friday a positive day reversal but only a daily closing above 0,9625 will support the formation of a s/t bottom.
USD/ZAR Technical Analysis
(10,0730) The DOLL/ZAR confirmed on Friday still a positive closing missing however another strong one and well off the highs of the day.
USD/JPY Technical Analysis
(100,35) The USD/YEN confirmed on Friday a weak closing below the support of the inside day at 100,55 as well as below the low of the key week reversal it formed the week before.
Scandies and CAD seen weaker
EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and
EUR/USD Technical Analysis
(1,3010) The EUR/DOLL confirmed on Friday a negative closing while the weekly one was positive. In the monthly chart the EUR/DOLL formed