Technical Analysis

USD/CHF Technical Analysis

(0,9090) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9130 – 0,9060 the levels to follow in the coming hours.

(0,9970) The USD/CAD failed to confirm the positive day reversal confirming instead another session of consolidation interior the inside day with 1,0050 – 0,9945 still the levels to follow in the coming hours.

AUD/USD Technical Analysis

(1,0335) The AUSSIE formed a negative outside day with 1,0470 – 1,0360 the levels to follow in the coming hours.

EUR/JPY Technical Analysis

(127,20) The EUR/JPY failed to confirm a deeper correction turning instead higher forming a positive outside day with now 127,35 – 123,90 the levels to follow in the coming hours.

USD/JPY Technical Analysis

(93,83) The USD/YEN failed to confirm the negative day reversal extending instead its move up toward the s/t target at 93,52 with even a direct overshooting that already favoured a 94 overshooting.

EUR/GBP Technical Analysis

(0,8665) 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

(1,2335) The EUR/CHF formed a positive day reversal after a 1,2260 undershooting. Only a daily closing tonight above 123,45 will confirm a s/t bottom supporting higher levels.

Daily Market Technicals

EUR/USD: Bears Eye Jan 10 Supp Line, Daily Studies Firm. The pair pullback eased after the pair rebounded to close above the Jan 10 support line,

Asian Currencies Technicals

AUD/USD: Looking A Little Heavy. The pair is looking heavy to start the Asian session today following another failed attempt to challenge the Jan 30 resistance level despite the initial spike higher yesterday.

EURUSD – a-b-c correction holds old range; regains 1.3542

EUR failed to hold 1.3542 yesterday and quickly pushed prices to the previous consolidation between 1.3480/25. The strong bounce from this level shifts our focus to 1.3850;

FX Daily Crosses

Today’s highlights: – EURGBP: Emphatic rejection of the .8719 long-term 50% retracement. We expect further weakness back through .8517 to .8364 support after the trendline break.

FX Technical Volume Strategy: Lower volume as EUR corrects

– Volumes remain high overall but they dipped slightly yesterday as the euro corrected.