Technical Analysis
Daily Market Technicals
EUR/USD: Potential Weekly Bearish Engulfing, Weekly Studies Bearish. The pair follows daily studies lower to hold just above the 38.2% Fibonacci level of $1.2877-1.3711,
Asian Currencies Technicals
AUD/USD: Bearish Close, Focus Turns To Oct Lows. The AUD/USD has closed below the $1.0290 support we previously mentioned and
FX Daily Crosses
Today’s highlights: – EURGBP: Correction lower from .8719 retracement resistance continues, with the focus remaining through .8553/.8517 support, to .8364.
FX Technical Volume Strategy: EUR/GBP buying power dominates
– EUR/GBP seeing rising volume in the rally and declining volume in recent consolidation is ultimately supportive of further gains.
FX Daily Majors
Today’s highlights: – AUDUSD below 1.0329 completes a major top, and allows for a decline to 1.0149 long-term range support.
AUD/USD Technical Analysis
(1,0319) The AUSSIE confirmed a weak closing as well as our s/t target before even making a fast 1,03 undershooting where it is however finding good support for now.
GBP/USD Technical Analysis
(1,5665) The CABLE confirmed further consolidation interior the negative outside day with 1,5820 – 1,5620 still the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9110) The USD/CHF confirmed a positive closing forming a new positive outside day with 0,9160 – 0,9045 the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8638) EUR/GBP confirmed further consolidation interior the big inside day with 0,8730 – 0,8545 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2315) The EUR/CHF failed to confirm the positive day reversal suggesting further possible s/t pressure that could cause a retest of the 1,2260 area!
EUR/JPY Technical Analysis
(126,77) The EUR/JPY formed a new negative day reversal but only a daily closing below 125,90 will confirm a s/t top favouring a deeper correction suggesting a retest of the 124 area!!
USD/JPY Technical Analysis
(93,60) The USD/YEN formed a negative day reversal but only a daily closing below 93,28 will confirm a s/t top favouring a deeper correction.