Technical Analysis
FX Daily Crosses
Today’s highlights: – EURGBP: Rebounding higher as support at .8571 holds for now. Despite this, we expect upside to be limited to .8686 resistance, with risk still lower for .8442.
USD/CAD Technical Analysis
(1,0075) The USD/CAD confirmed on Friday a strong closing after taking out our stop at 1,0035. A daily closing tonight above 1,0084 will support further strength suggesting a possible 1,01 overshooting!!
USD/CHF Technical Analysis
(0,9230) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9260 – 0,9155 the levels to follow.
EUR/CHF Technical Analysis
(1,2322) The EUR/CHF confirmed on Friday a session of consolidation forming a new inside day with 1,2360 – 1,2270 the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.3310, the 38.2% retracement. Through 1.3394 initial resistance allows for a rebound back towards 1.3521.
GBP/USD Technical Analysis
(1,5469) The CABLE formed on Friday a positive outside day that it already aborted this morning with the move below 1,5460!! Further direct weakness is expect toward 1,53!
EUR/USD Technical Analysis
(1,3340) The EUR/DOLL still confirmed a negative closing on Friday in the daily chart as well as in the weekly one where it failed however to confirm a weak one that would have confirmed top!!
Technical Alert
No big moves seen post G-20 and Chinese New Year festivities. The weekly chart however reveals some interesting patterns such as the long upside mid body spike in EURUSD calling for more weakness in the weeks to come and GBPNOK’s weekly spring bottom with bull divergence.
EUR/JPY Technical Analysis
(125,35) The EUR/JPY formed a positive day reversal but only a daily closing above 125,28 will confirm a s/t bottom supporting a resumption of the move up.
Daily Market Technicals
EUR/USD: Daily & Weekly Studies Bearish, Bulls Eye Feb 1 Res Line. EUR/USD leaves a doji but also shows a lower high and lower low, encouraging bears while daily studies slide.
USD/JPY Technical Analysis
(93,98) The USD/YEN confirmed on Friday a positive outside day while remaining however still interior the bigger inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session.
Asian Currencies Technicals
AUD/USD: Focus Turns Lower Once More. The pair failed to retest the Feb 6 high resistance last week with the sharp correction lower seeing the Oct monthly lows at $1.0150 become the overall focus once more.