Technical Analysis
EUR/USD Technical Analysis
(1,3450) The EUR/DOLL confirmed a further session of consolidation interior Friday’s inside day with 1,3490 – 1,3340 still the levels to follow in the coming hours.
USD/JPY Technical Analysis
(90,90) The USD/YEN failed to confirm the small negative day reversal; however, while below 91,26 we could still see a deeper correction with the 200 hours line at 89,93 the possible attraction.
EUR/JPY Technical Analysis
(122,60) The EUR/JPY failed as well to confirm the small negative day reversal confirming instead a positive closing that could already resume the move up.
Asian Currencies Technicals
AUD/USD: Focus Turns To 21-DMA. COMMENTARY: The AUD/USD has closed above the $1.0467 resistance level, albeit marginally,
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8589, after prodding above the 61.8% Fibonacci retracement. Scope for a correction back to trend support at .8462.
FX Trends daily (FOCUS: EUR/SEK)
EUR/SEK A head and shoulder pattern has formaed on the daily chart after teh failure to clear the resistance at 8,7178 (October 2012 high pivot).
Technical Alert
EURUSD trades too close to the 2012 high (1.3487) not to test it. The broken triangle calls for 1.3545… Some USDJPY selling is going through it seems and perhaps the market is ripe to correctively pare some of the recent gains…
USD/CAD Technical Analysis
(1.0065) The USD/CAD confirmed a positive closing after having found also yesterday good resistance above 1,01.
GBP/USD Technical Analysis
(1,5704) The CABLE is confirming further weakness remaining under serious pressure. Possible further direct weakness toward 1,56.
EUR/USD Technical Analysis
(1,3450) The EUR/DOLL confirmed a session of consolidation interior Friday’s range forming a new inside day with 1,3490 – 1,3340 the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9265) The USD/CHF confirmed as well a session of consolidation forming a new inside day with 0,9320 – 0,9210 the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Potential Double-Day High Cautions Bulls. The pair leaves a doji around its 11-month high. The pair leaves a double-day high and the stretched daily studies caution bulls.