Technical Analysis
A Broader Based USD Rally?
Some significant moves have taken place this year, notably for USDJPY and AUDUSD, with medium-term reversals already established.
Technical Alert
Yen, franc & euro weaker, dollar stronger EUR/USD: With resistance confirmed and a low, bearish looking close after, there seems to be more land south of here to explore.
Daily Market Technicals
EUR/USD: The pair continues its descent to further test the daily Bolli base, now initial support at $1.2915 just above yesterday’s low of $1.2912.
EUR/JPY Technical Analysis
(132,15) The EUR/JPY is still well bid and also yesterday it failed to close the gap up area, now 131,53 – 130,43. The closing was positive but off the highs of the session!
EUR/GBP Technical Analysis
(0,8494) EUR/GBP confirmed another strong closing last night after a test above 0,8515. This extension of the correction is disturbing and
GBP/CHF Technical Analysis
(1,4705) GBP/CHF formed a positive day reversal suggesting a retest of the 200 days line at 1,4745 with even a possible overshooting suggesting a test of the 1,48 area if not even 1,50!!
EUR/CHF Technical Analysis
(1,2493) The EUR/CHF confirmed a strong closing reversing the negative closing of the previous session while confirming the break above the resistance of the inside day at
AUD/USD Technical Analysis
(0,9895) The AUSSIE confirmed out s/t target and another weak closing but it could have found some s7t support below 0,9880!!
GBP/USD Technical Analysis
(1,5230) The CABLE confirmed another weak closing already testing the 1,52 area. This decline confirmed a negative reversal in the daily chart suggesting a m/t target at 1,4342.
EUR/USD Technical Analysis
(1,2930) The EUR/DOLL confirmed a very weak closing even below the support of the inside day at 1,2925 suggesting further direct weakness!!
USD/CAD Technical Analysis
(1,0192) The USD/CAD confirmed another strong closing also last night after a session of consolidation. Possible further s/t upside potential, especially based on the daily chart!!
USD/CHF Technical Analysis
(0,9660) The USD/CHF confirmed a strong closing well above the resistance of the inside day at 0,9640 suggesting further upside potential toward parity!!