Technical Analysis

EUR/USD Technical Analysis

(1,3535) The EUR/DOLL confirmed a session of consolidation forming a new inside day with 1,3610 – 1,3445 the levels to follow in the coming hours.

Daily Market Technicals

EUR/USD: Bears Look To Close Below 23.6% & Eye 38.2% At $1.3392. The pair slips below the Jan 10 support line, now initial resistance at $1.3533 with the 5-DMA at $1.3555.

Asian Currencies Technicals

AUD/USD: Pauses Ahead Of Key Support. The AUD/USD has traded at the lowest level in 12 weeks after spiking below the 200-DMA,

EURUSD – triangle correction developing above 1.3458

Above 1.34 (the Wave (1) high) we continue to view this pullback in EUR as a Wave (4) correction and not a topping pattern.

Market Spotlight: USDJPY probing 94.13/95.00 hurdles

USDJPY, having surpassed our long-term target of 90.00, is now probing the 94.13/95.00 key retracement/chart resistance zone.

FX Daily Majors

Today’s highlights: – EURUSD: Whilst capped by 1.3711/27 resistance the risk remains lower to 1.3310, and potentially then 1.3180.

FX Technical Volume Strategy: USD/JPY bullish volume variation

– Yesterday, FX volumes were the second highest seen in the past 12 months.

Daily FX Technical Strategy – AUD dragged down under

While the JPY continues to slip lower and bounces are faded once again, given the moves on the cross rates, the latest candidate to be dragged lower is the AUD.

FX Trends daily (FOCUS : EUR/NOK)

EUR/NOK The cross has slightly consolidated in the recent sessions after having failed to clear the important barrier around 7.48 (long term resistance line).

Technical Alert

EURUSD is back in a no-mans land. Firmly outside 1.3502-1.3598 is needed to show a directional tilt… EURJPY may test, but not easily break 127.95…

EUR/USD Technical Analysis

(1,3565) The EUR/DOLL failed to confirm further weakness confirming instead a rebound that favoured the formation of a positive day reversal.

(1,5655) The CABLE confirmed yesterday a 1,58 overshooting before plunging again lower making a new low and forming a new negative outside day with 1,5820 – 1,5620 the levels to follow in the coming hours.