Technical Analysis
Daily FX Technical Strategy – Waiting for price to confirm the February retreat in risk
The bullish move in risk is overdue to for a pullback on a number of technical measures. As such, we have been looking for a February correction.
Technical Alert
EURUSD added some gains yesterday, but there is more resistance to conquer at 1.3484\93 & at 1.3597 to turn the picture convincingly bullish.
Daily Market Technicals
EUR/USD: Bulls Look To Hold Above 21-DMA At $1.3438. The pair rises above the 5 and 21-DMAs, now initial support at $1.3414/38,
FX Daily Crosses
Today’s highlights: – EURGBP: Rebound higher from support found at .8442 turns the focus higher for .8642 trendline resistance, which is expected to cap the market. We continue to target .8364.
AUD/USD Technical Analysis
(1,0237) The AUSSIE confirmed a weak closing while remaining interior the positive key outside day with 1,0360 – 1,0245 the levels to follow.
USD/CAD Technical Analysis
(1,0066) The USD/CAD confirmed another strong closing again above the top of the previous session suggesting further upside potential.
USD/CHF Technical Analysis
(0,9210) The USD/CHF confirmed yesterday further consolidation interior the inside day with 0,9215 – 0,9055 still the levels to follow in the coming hours.
Daily FX Technical Strategy – Persistent JPY weakness moves the goalpost
JPY weakness shows no signs of slowing and across a number of crosses we find initial targets for the year either being broken or approached early this week.
FX Technical Volume Strategy: The west weakens JPY
– On Monday, FX volumes dropped to the 80th percentile – still a strong showing considering that most of Asia was absent.
Technical Alert
EURUSD added a bullish candle yesterday, but while stuck below 1.343058 it looks like a short-lived correction. Back under 1.3357 would confirm this…
GBP/USD Technical Analysis
(1,5657) The CABLE plunged again below 1,57 confirming a retest of the 1,5640 level. The drop failed yet to confirm a new low and this is the only positive news!
USD/JPY Technical Analysis
(94,03) The USD/YEN confirmed a new high but only a daily closing tonight above 94,45 will confirm higher levels.