Technical Analysis
Technical Alert
Greater part of Asia on holiday so calm start of the week. The £ recovery continued at full speed also on Friday making the week end as the largest single week decline in EURGBP in 2y.
EUR/USD Technical Analysis
(1,3384) The EUR/DOLL confirmed again a very weak closing on Friday even in the weekly chart suggesting further downside risk toward 1,3250!!
USD/JPY Technical Analysis
(92,57) The USD/YEN confirmed finally a weak closing on Friday, well below the previous few sessions.
EUR/JPY Technical Analysis
(123,97) The EUR/JPY confirmed a weak daily closing on Friday suggesting that a s/t top could be in place. While below the 200 hours line, now found at 125,22,
EUR/CHF Technical Analysis
(1,2283) The EUR/CHF confirmed another weak closing on Friday but for the moment it managed to remain above the 1,2255 support!
USD/CHF Technical Analysis
(0,9174) The USD/CHF confirmed on Friday a session of consolidation forming a new inside day with 0,9215 – 0,9055 the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8480) EUR/GBP confirmed another very weak closing on Friday and also the weekly one was weak, well below the previous week’s low suggesting further downside pressure.
USD/CAD Technical Analysis
(1,0045) The USD/CAD confirmed the expected 1,0010 overshooting hitting already the 1,0050 level. This move up should be corrective but suggest remaining flexible.
Daily Market Technicals
EUR/USD: Potential Weekly Bearish Engulfing, Weekly Studies Bearish. The pair holds below the former 38.2% of $1.2877-1.3711, now initial res at $1.3392.
Asian Currencies Technicals
AUD/USD: Bounces Back Above Lower Bollinger Band. The AUD/USD dipped to levels just short of the Oct 23 low to end the week before bouncing back above the lower 21 day Bollinger band ($1.0288).
FX Daily Crosses
Today’s highlights: – EURGBP: Bearish reversal signals that .8718/9 is set to continue to cap. We still target .8364 interim chart support. Below sees the 38.2% retracement at .8337.
EURUSD – correction targets 1.3344 then 1.3462 signals complete
The bull triangle failed to carry EUR higher and was likely part of a larger downward correction. The daily chart has yet to make either a lower high or