Technical Analysis

USD/CHF Technical Analysis

(0,9093) The USD/CHF confirmed a weak daily and weekly closing on Friday however still above the 0,9075 level, for now. Nevertheless the pressure will remain on this dollar.

Global Technical Watch – Pressing onward and upward

he strong weekly close for US equities continues to remain a healthy sign for further gains especially as bullish sentiment is not near extremes yet.

Technical Alert

Euro strength continued Friday however with a first sellers response ahead of the w/e. JPY continued to weaken and GBP (in terms of the BOE GBP index) continues to fall hard.

EUR/GBP Technical Analysis

(0,8681) EUR/GBP confirmed a strong closing after the break above the resistance line at 0,8630 confirming already a 0,8715 overshooting where it found some resistance for now.

EUR/JPY Technical Analysis

(126,25) The EUR/JPY confirmed further strength on Friday causing even a test of the 127 level where the cross formed a small triple top in the s/t charts.

EUR/USD Technical Analysis

(1,3624) The EUR/DOLL confirmed on Friday another strong closing well above the top of the previous session suggesting further direct strength toward the 1,40 area,

USD/JPY Technical Analysis

(92,56) The USD/YEN confirmed a strong closing on Friday after a 92,50 overshooting. The dollar kept the gap up area in the US as well as in Europe.

Daily Market Technicals

EUR/USD: Studies Bullish and Euro Squeezes Higher. The pair again reaching fresh highs as the pair pushes up to $1.3711.

EUR/CHF Technical Analysis

(1,2383) The EUR/CHF formed on Friday a positive outside day with now 1,2430 – 1,2295 the levels to follow in the coming hours.

AUD/USD: Dips Below Lower Bollinger Band. The AUD/USD traded at fresh 4 week lows to end last week but the lack of follow through is an issue with the pair again bouncing from a dip below the sharply falling 21 day lower Bollinger band ($1.0383).

FX Technical Volume Strategy: Huge monthly FX volumes in January

– January saw the highest monthly client volumes in voice and electronic trading since our records began in June 2008.

Daily FX Technical Strategy – EUR/JPY explodes higher

The euro is regaining lost ground as the market continues to unwind its safety trades of 2011/2012 relating to the euro crisis.