Technical Analysis
EUR/AUD Technical Analysis
(1,3130) EUR/AUD confirmed a positive closing last night but this morning the cross finally confirmed a break higher already showing a 1,3100 overshooting.
AUD/USD Technical Analysis
(1,0379) The AUSSIE is still under pressure suggesting further weakness toward the 200 days line, now found at 1,0311.
USD/CAD Technical Analysis
(0,9984) The USD/CAD confirmed last night a very weak closing even below the 200 days line, now resistance at 0,9988.
FX Trends daily (FOCUS : EUR/AUD)
EUR/AUD The cross has cleared an important resistance t 1,3034 (medium term resistance line) which suggests a likely continuation of the bullish trend toward a first target at 1,3299 (retracement of 61% of the downtrend 2011-2012).
Global Technical Watch – Dollar Index dips to the edge
In our recently published February Seasonal Trends, we note the tendency for the USD to weaken against major currency pairs during the month.
Technical Alert
Despite multiple crosses having arrived at their respective target points the € remains relentlessly bid. JPY continues to be sold (and Nikkei bought).
EUR/GBP Technical Analysis
(0,8584) EUR/GBP confirmed further consolidation interior the inside day with 0,8600 – 0,8505 still the levels to follow in the coming hours.
USD/JPY Technical Analysis
(92,21) The USD/YEN spiked higher; the top last night was 91,77 while the top in Europe was 91,41. We have therefore a huge gap up in a well overbought market!!.
Daily Market Technicals
EUR/USD: Studies Bullish As Eur-Dol Squeezes Higher. The pair again reaching fresh highs as the pair pushes up to $1.3633 today and continues to test this resistance level.
USD/CHF Technical Analysis
(0,9100) The USD/CHF is under further pressure after a test of the 0,9075 level; a daily closing below 0,9075 will suggest a probable 0,9000 undershooting putting again under heavy pressure the dollar!!
EUR/CHF Technical Analysis
(1,2387) The EUR/CHF just confirmed a small rebound finding good resistance already at the 200 hours line at 1,2411.
EUR/USD Technical Analysis
(1,3622) The EUR/DOLL is further extending the move up that could hit 1,37 later today. The session is starting with a small gap up in both the US and European markets!!