Technical Analysis
Asian Currencies Technicals
AUD/USD: Initial Support Confirms Significance. The pair briefly dipped below the 50% Fibo level yesterday before bouncing back towards initial resistance reinforcing the significance of the $1.0346-52 region.
Technical Alert
EURUSD may or may have not reached its correctional goal. Above 1.3050 would lift the bar to 1.3135, while below a 1.2923/1.2808 support zone is needed to expose the recent 1.2740 low again…
Daily Market Technicals
EUR/USD: Closes Above 23.6% But Failed To Break Above $1.3047. Bulls closed above the 23.6% of $1.3711 to $1.2743, sending daily studies higher.
Asian Currencies Technicals
AUD/USD: Ends Last Week Below 200-DMA. The pair closed last week below the 200-DMA which adds weight to the bearish case but the pair now needs to take out the $1.0346-52 support region
Daily Market Technicals
EUR/USD: Bullish key-day reversal yesterday, which saw price action close and break above the 200-day moving average and also the 2-month channel top.
Technical Alert
EUR/USD looks set to test the +1.30s. Support likely forming around 1.2878/1.2845. USD/JPY shows some high anxiety at fresh highs.
USD/CHF Technical Analysis
(0,9400) The USD/CHF formed a negative outside day confirming also a closing below the 200 days line at 0,9414, now resistance.
GBP/USD Technical Analysis
(1,5227) The CABLE formed a positive outside day reversal after a 1,5040 undershooting. We have now 1,5260 – 1,5020 the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(124,55) The EUR/JPY confirmed an important move up, 5,52 figures, aborting our s/t target and probably re-launching the move up.
GBP/JPY Technical Analysis
(146,83) The GBP/JPY confirmed already a retest of the 148 level after the test yesterday of the 140,40 level. In the past we never had a 1 day move up of 6,45 figures, never.
USD/JPY Technical Analysis
(96,90) The USD/YEN confirmed an impressive move up leaving a few gap up that could be seen again in the s/t.
EUR/GBP Technical Analysis
(0,8488) EUR/GBP formed a negative outside day but the closing was just one pip below the previous closing. We have now 0,8535 – 0,8425 the levels to follow in the coming hours.