Technical Analysis

USD/CHF Technical Analysis

(0,9317) The USD/CHF is still consolidating interior the positive outside day with 0,9350 – 0,9220 still the levels to follow in the coming hours.

EUR/USD Technical Analysis

(1,3075) The EUR/DOLL still confirmed a negative closing but it is finding good support above 1,30 despite talks of a lot of stops below 1,30!!

GBP/USD Technical Analysis

(1,5080) The CABLE confirmed still a negative closing despite the rebound above 1,52. We have therefore to expect further weakness toward the s/t target at 1,4955,

EUR/JPY Technical Analysis

(119,96) The EUR/JPY confirmed a session of consolidation near the lows forming a new inside day with 118,60 – 125,50 the levels to follow in the coming hours/ sessions.

Daily Market Technicals

EUR/USD: Studies Slide, 100-DMA Key Res At $1.3125. The pair left a doji yesterday after bulls tested the 100-DMA as res, despite the bearish daily studies.

USD/JPY Technical Analysis

(91,74) The USD/YEN confirmed a session of consolidation remaining interior the negative key day reversal with 94,90 – 90,80 still the levels to follow in the coming hours.

Asian Currencies Technicals

AUD/USD: Fresh 4 Month Lows. The pair continues to work its way lower towards the key $1.0150 support level with the pair having traded at the lowest level in over 4 months yesterday.

USD/CAD Technical Analysis

(1,0249) The USD/CAD confirmed a further strong closing yesterday, taking even out our stop at 1,0275 before however turning again lower this morning.

FX Daily Majors

Today’s highlights: – EURUSD has completed a large bearish “reversal day” to leave the market set for a test of key support at 1.2998.

USD/CHF Technical Analysis

(0,9317) The USD/CHF formed a positive outside day with 0,9350 – 0,9220 the levels to follow in the coming hours.

(0,8595) EUR/GBP confirmed a negative day reversal after a 88 overshooting. A daily closing tonight below 0,8600 will confirm a s/t top suggesting a deeper correction and this time we go lower suggesting a retest of the 0,8440 area.

Technical Alert

Risk is off on the inconclusive Italian election risking a hung parliament (and possibly another election). The yen and the dollar feed on the euro misfortunes…