Technical Analysis
EUR/USD Technical Analysis
(1,3387) The EUR/DOLL is at the same level as yesterday morning when we started the week. The closing was however positive forming even a positive day reversal;
EUR/JPY Technical Analysis
(125,80)The EUR/JPY confirmed an important rebound last night that favoured a strong daily closing well above Friday’s top. The move up confirmed a 75% retracement of the previous drop,
Daily Market Technicals
EUR/USD: Daily Studies Bearish But Monthly Studies Bullish. The pair is testing the 21-DMA as res, it forms initial res with other MAs at $1.3416 to $1.3459 and
EUR/GBP Technical Analysis
(0,8550) EUR/GBP confirmed a sensible correction forming a positive outside day with now 0,8585 – 0,8430 the levels to follow in the coming hours.
Asian Currencies Technicals
AUD/USD: Oct Monthly Low Remains Overall Focus. A bearish close overnight for the AUD/USD sees the pair hovering just above initial support at $1.0238.
EUR/JPY Technical Analysis
(124,90)EUR/YEN already confirmed a retest of the 125,40 level. Almost confirming a 50% retracement of the previous sell off.
FX Technical Volume Strategy: EUR/JPY strong volume supports trend
– On Friday, FX volumes were the 11th highest seen in the past 12 months. – NZD and JPY topped the list of rankings by volume and USD/CAD had the highest volume above its one week average as a result of its move above parity.
FX Daily Majors
Today’s highlights: – EURUSD: Defending the 38.2% Fibonacci retracement level of 1.3310 so far. We look to buy into this weakness between 1.3310 and 1.3180 trendline support, for a rally to 1.3835.
GBP/USD Technical Analysis
(1,5725) The CABLE confirmed a strong closing on Friday but it failed to confirm the break above the resistance of the negative outside day at 1,5820.
GBP/JPY Technical Analysis
(146,35) The GBP/JPY confirmed on Friday a negative closing but it failed to confirm the previous’ day’s negative day reversal!!
AUD/USD Technical Analysis
(1,0280) The AUSSIE formed on Friday a positive key outside day reversal; we have now 1,0360 – 1,0245 the levels to follow in the coming hours.
USD/ZAR Technical Analysis
(8,8790) The DOLL/ZAR failed to confirm the previous week’s negative week reversal but the daily one was negative on Friday suggesting some downside pressure,