Technical Analysis
Technical Alert
The dollar staged a comeback late last week with the $ index coming very close to a bullish key week reveral (Friday however printed a bullish key day reversal).
Daily Market Technicals
EUR/USD: Holds Above $1.3000 Despite Bearish Daily Studies. The pair holds above $1.3000 despite the bearish dly studies, 10-day mom in a bearish trend but firmed a touch from sharply down.
USD/CAD Technical Analysis
(1,0259) The USD/CAD confirmed on Friday further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3069) The EUR/DOLL confirmed on Friday and also this morning further consolidation interior the inside day with 1,3210 – 1,2990 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2187) The EUR/CHF confirmed a strong closing on Friday suggesting further upside potential. only a move above 1,2215 will however confirm further strength!!
EUR/JPY Technical Analysis
(130,30) The EUR/JPY confirmed on Friday a strong closing above the resistance of the inside day at 129,85 supporting further strength.
GBP/JPY Technical Analysis
(151,90) The GBP/JPY confirmed on Friday a strong closing in the daily chart but also the weekly one was positive suggesting further upside potential.
USD/JPY Technical Analysis
(99,80) The USD/YEN confirmed on Friday a strong closing suggesting a direct retest of the previous top at 99,95.
Asian Currencies Technicals
AUD/USD: While 200-DMA Caps Focus Remains Bearish. The pair begins the new week where it ended on Friday, marginally above the initial support.
Daily Market Technicals
EUR/USD: Mixed Studies As Euro-Dollar Consolidates. The pair recovered some losses despite the bearish dly studies, as 10-day momentum shows negative divergence and
GBP/JPY Technical Analysis
(150,65) The GBP/JPY confirmed a positive closing while however remaining interior the previous day’s range forming a new inside day 151,30 – 148,00 the levels to follow in the coming hours.
USD/JPY Technical Analysis
(98,53) The USD/YEN confirmed a positive closing and it is still well bid suggesting further upside potential. A possible closing tonight above 98,50 could support a retest of the previous top!!