Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Poised at the 1.3310 38.2% Fibonacci retracement support level. Whilst above the risk is for a more immediate recovery back through 1.3432 to 1.3521/78.
Daily FX Technical Strategy – CAD, the underperformer
Renewed signs of USD/CAD demand on increased volume warn of further gains in the short term. What is more striking is the broader consistency of CAD underperformance against other commodity currencies.
Technical Alert
EURUSD trades in a contracting range, seen as a bearish continuation pattern. Once broken the mid-1.32s should be targeted. Key ref above remains located at 1.3520…
EUR/GBP Technical Analysis
(0,8624) EUR/GBP is confirming further consolidation interior the inside with 0,8695 – 0,8570 still the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5485) The CABLE confirmed another negative closing, however interior Friday’s range! This will not change the trend but it’s showing some resilience, at least in the s/t!
EUR/JPY Technical Analysis
(125,09) The EUR/JPY confirmed a strong closing last night above Friday’s positive day reversal at 125,28! This should already support higher levels but suggest waiting for further confirmations.
USD/CHF Technical Analysis
(0,9230) The USD/CHF confirmed further consolidation interior the inside day with 0,9260 – 0,9155 still the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3355) The EUR/DOLL confirmed a session of consolidation forming a new inside day with 1,3405 – 1,3295 the levels to follow in the coming hours.
USD/JPY Technical Analysis
(93,69) The USD/YEN confirmed yesterday 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: Stuck Below 38.2%, Daily & Weekly Studies Slide. The pair posted an inside-day on Monday as it languished at the same level,
EUR/CHF Technical Analysis
(1,2330) The EUR/CHF is confirming further consolidation interior the inside day with 1,2360 – 1,2270 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0105) The USD/CAD confirmed a strong daily closing above 1,01 suggesting further upside potential toward the 1,02 area where we find a resistance line, 1,0225.