Technical Analysis
USD/JPY Technical Analysis
(93,41) The USD/YEN confirmed a stable closing last night however while still confirming further consolidation interior the big inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session.
Daily Market Technicals
EUR/USD: Falls Through Support, 10-Day Momentum Negative Divergence. The pair sinks further to slip below the 55-DMA and 50.0% Fibonacci of $1.2877-1.3711,
GBP/USD Technical Analysis
(1,5170) The CABLE confirmed already the expected sell off that favoured a break below 1,5230 suggesting a possible direct 1,50 undershooting.
GBP/JPY Technical Analysis
(141,70) The GBP/JPY confirmed our target at 141,50 but the decline could not be over yet because the cross confirmed with the present decline a S_H_S formation and the neck line was at 143,50,
EUR/JPY Technical Analysis
(123,80) The EUR/JPY formed a negative outside day reversal breaking below an important support line at 124,15 suggesting further weakness toward the 120,50 area!
Asian Currencies Technicals
AUD/USD: Focus Firmly On Lower Levels. The pair failed ahead of the layers of resistance in the $1.0374-98 region and has corrected sharply lower,
FX Daily Crosses
Today’s highlights: – EURGBP: Breakout above .8686 exposes the high of .8718 once again. The market would need to breakout above here to expose .8800/33 resistance zone.
GBP/USD Technical Analysis
(1,5325)The CABLE just confirmed a sell off causing a test of the 1,5320 area with an undershooting, level that in the past was many time support area.
FX Daily Majors
Today’s highlights: – NZDUSD: Unexpected reversal lower sees the market prod below .8395. The focus now shifts lower to the .8329 trendline support, then to the .8309/.8295 support zone.
USD/CHF Technical Analysis
(0,9202) The USD/CHF is still confirming further consolidation interior the inside day with 0,9260 – 0,9155 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0120) The USD/CAD confirmed a positive closing also last night but failed yet to confirm an important extension of the move up after the break above 1,01 and this is disappointing!
Daily FX Technical Strategy – EUR bullish risks on the rise
One of the benchmark European equity indices, the CAC 40, is repeatedly posting bullish signals. This is an encouraging sign for the EUR,