Technical Analysis
Daily Market Technicals
EUR/USD: Daily Studies Firming But 21 & 55-DMAs Bear Cross. The pair recovers some ground just above the March low of $1.2967 while daily studies appear to be turning higher,
USD/JPY Technical Analysis
(93,18) The USD/YEN confirmed a negative closing but failed to confirm the small negative day reversal it formed on Monday. Overall the dollar is still consolidating interior the negative outside day with 94,90 – 90,80 still the levels to follow.
USD/CHF Technical Analysis
(0,9407) The USD/CHF confirmed another session of consolidation remaining interior Friday range and the inside day with 0,9475 – 0,9340 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0257) The USD/CAD is confirming further consolidation interior Friday’s negative day reversal with 1,0355 – 1,0250 still the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(121,75) The EUR/JPY confirmed another session of consolidation yesterday remaining interior Friday range as well as interior the larger inside day with 118,60 – 125,50 still the levels to follow in the coming hours/ sessions.
EUR/GBP Technical Analysis
(0,8630) EUR/GBP confirmed further consolidation interior the inside day with 0,8595 – 0,8695 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2290) The EUR/CHF confirmed another session of consolidation still remaining interior Friday’s range and inside day with 1,2305 – 1,2210 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3060) The EUR/DOLL confirmed another session of consolidation remaining interior the inside day with 1,3110 – 1,2955 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0270) The USD/CAD confirmed yesterday a session of consolidation interior Friday’s negative day reversal with now 1,0355 – 1,0250 the levels to follow in the coming hours.
Technical Alert
EURUSD looks a tad more balanced and this could tilt the near-term setup into a correctional prone market – then with an eye on refs at 1.3043\59, 1.3102 & 1.3163.
USD/JPY: Bearish & sell rally below 93.72
Against a background of 4 unchanged weekly USDJPY closes in a row, the indecision coming from close to a key 38% recovery to the entire 2007-2011 USDJPY sell-off,
USD/CHF Technical Analysis
(0,9418) The USD/CHF confirmed a session of consolidation remaining interior Friday range forming a new inside day with 0,9475 – 0,9340 the levels to follow in the coming hours.