Technical Analysis

USD/JPY Technical Analysis

(94,70) The USD/YEN confirmed on Friday a weak closing below the low of the previous week and also the weekly one was weak below the low of the previous week that was a negative day reversal.

USD/ZAR Technical Analysis

(9,2640) The DOLL/ZAR confirmed on Friday a session of consolidation forming a new inside day with 9,3700 – 9,2810 the levels to follow in the coming hours.

Technical Alert

Corrections is the name of the game. € on a slightly better footing, £ higher in the 2nd and likely last phase and JPY slightly stronger in its contracting range.

GBP/USD Technical Analysis

(1,5245) The CABLE confirmed On Friday a strong closing above the top of the previous session; the weekly one was also strong above the top of the previous week suggesting further upside potential.

EUR/USD Technical Analysis

(1,3033) The EUR/DOLL confirmed a strong closing above the resistance of the inside day at 1,2985 but also above the top of the previous session suggesting further upside potential.

EUR/CHF Technical Analysis

(1,2237) The EUR/CHF is confirming further consolidation interior the inside day with 1,2300 – 1,2155 still the levels to follow in the coming hours/ session.

Daily Market Technicals

EUR/USD: Breaks Above Feb Res Line But Upcoming 55/100-DMA Bear-Cross. The cross breaks above re-drawn res line from Feb 1 but holds below the 23.6% $1.3711-1.2844,

Asian Currencies Technicals

AUD/USD: $1.0477 Initial Topside Focus. The Jan 30 high now remains the next hurdle for the AUD/USD as a potential move back towards the 2013 high currently remains favoured.

Technical Alert

Whereas the euro remain in a stalemate the sterling continues to rebound most other ccy’s, JPY also generally a tad stronger (a lurking reaction?).

EUR/USD Technical Analysis

(1,2900) The EUR/DOLL confirmed a session of consolidation remaining interior Wednesday’s range forming a new inside day with 1,2985 – 1,2845 the levels to follow in the coming hours.

(1,0435) The AUSSIE confirmed a strong closing well above the tops of the previous sessions but also well above the resistance of the inside day at 1,0425 suggesting further upside potential toward 1,0480 if note even a 1,05 overshooting!!

USD/CAD Technical Analysis

(1,0250) The USD/CAD confirmed another session of consolidation interior the inside day with 1,0300 – 1,0200 still the levels to follow in the coming hours.