Technical Analysis
EUR/USD Technical Analysis
(1,3118) The EUR/DOLL failed to confirm the negative day reversal forming instead a positive outside day with 1,3150 – 1,3030 the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Potential Bullish Engulfing On Wkly Chart. The pair continues to test the upper daily Bolli band as initial res at $1.3146, while current price action slips above 38.2% level at $1.3112.
USD/CAD Technical Analysis
(1,0101) The USD/CAD confirmed a weak closing even below 1,0105 suggesting further downside risk toward the 200 days line, now found at 0,9986.
USD/CHF Technical Analysis
(0,9290) The USD/CHF failed to confirm the break below 0,9300 and since yesterday it is finding good support at the 100 days line at 0,9294.
USD/JPY Technical Analysis
(99,46) The USD/YEN formed yesterday a negative day reversal but only a daily closing below 99,12 will confirm a s/t top favouring a deeper correction.
Asian Currencies Technicals
AUD/USD: Little Changed From Yesterday’s NY Close. After trading at fresh two month highs by a couple of pips overnight the pair is little changed from yesterday’s NY close.
GBP/USD Technical Analysis
(1,5405) the CABLE is extending the move up above 1,54. The slope since the start this morning at 1,5318 is very steep but sustainable, still.
USD/CAD Technical Analysis
(1,0090) The DOLL/CAD confirmed further direct weakness against our expectations. Next target is 1,0078 with a possible extension toward the 200 hours line at 0,9986.
GBP/CHF Technical Analysis
(1,4317) GBP/CHF failed to confirm Tuesday’s positive day reversal confirming instead a session of consolidation forming a new inside day with 1,4350 – 1,4215 the levels to follow in the coming hours/ session.
USD/JPY Technical Analysis
(99,70) The USD/YEN is almost at 100 and it is looking like it could go much higher in the coming weeks/ months. UBS is right by saying the dollar could go as high as 125;
AUD/USD Technical Analysis
(1,0517) The AUSSIE confirmed another strong closing last night near the top of the session suggesting further upside potential toward the 1,06 area!
EUR/GBP Technical Analysis
(0,8528) EUR/GBP formed a negative day reversal but only a daily closing below 0,8518 will support further weakness, probably resume the decline.