Technical Analysis
USD/JPY Technical Analysis
(92,38) The USD/YEN formed yesterday a negative day reversal but only a daily closing tonight below 92,20 will confirm a s/t top favouring a decent correction.
EUR/JPY Technical Analysis
(124,42) The EUR/JPY confirmed a firm correction while remaining however still interior Friday’s rang forming a new inside day with 127,10 – 124,30 the levels to follow in the coming hours.
Asian Currencies Technicals
AUD/USD: Jan 30 High Key Resistance. The AUD/USD continues to struggle topside with lower daily highs the past three days following last week’s fresh 4 weeks lows.
AUDUSD – 1.0486 key to confirming bullish reversal
Since Augusts high, Aussie has been consolidating between 1.01-1.06 in choppy overlapping trade. Based on the large triangle that has formed since July 2011,
FX Daily Crosses
Today’s highlights: – EURGBP: Aggressive rally brings the market through the long-term downward trendline spanning from the 2008 high of .9803 to test the .8719 50% retrace. We expect this to cap.
FX Technical Volume Strategy: February starts with a bang for EUR
– The first day of February saw no let-up in the 2013 trend for high volumes: over the last year it was our third highest day overall.
GBP/JPY Technical Analysis
(146,35) The GBP/JPY confirmed on Friday a further strong closing in the daily as well as in the weekly chart suggesting further upside potential.
FX Daily Majors
Today’s highlights: – EURUSD: Resistance found at 1.3711. We envisage a correction back to trendline support located now at 1.3490.
FX Trends daily (FOCUS : NZD/CAD)
NZD/CAD The outlook remains bullish after the rebound on a key short term support now at 0,8341 (short term bullish channel).
USD/CAD Technical Analysis
(0,9974) The USD/CAD confirmed another daily closing below the 200 days line while remaining interir Thursday’s range forming a new inside day with 1,0050 – 0,9945 the levels to follow in the coming hours.
AUD/USD Technical Analysis
(1,0420) The AUSSIE still confirmed a negative closing on Friday in the daily chart as well as in the weekly one suggesting further downside pressure with still the 200 days line, now found at 1,0311, the attraction.
GBP/USD Technical Analysis
(1,5715) The CABLE confirmed On Friday a weak closing, another one, forming even a negative outside day with 1,5890 – 1,5675 the levels to follow in the coming hours.