Technical Analysis
EUR/CHF Technical Analysis
(1,2456) The EUR/CHF formed a negative day reversal but only a daily closing tonight below 1,2450 will confirm a s/t top suggesting a retest below the 1,24 level!!
EUR/GBP Technical Analysis
(0,8562) EUR/GBP confirmed another strong closing overshooting already the target of the reversed S_H_S it formed in 2012.
GBP/JPY Technical Analysis
(142,52)The GBP/JPY confirmed a negative closing missing by a few pips a weak one. A daily closing tonight below 142,18 will confirm a possible retest of the 140,00/139,50 area!
USD/JPY Technical Analysis
(90,71) The USD/YEN formed a small negative day reversal but only a daily closing tonight below 90,56 will confirm a s/t top suggesting a deeper correction.
EUR/JPY Technical Analysis
(121,98) The EUR/JPY confirmed as well a small negative day reversal but only a daily closing below 121,63 will confirm a s/t top favouring a deeper correction.
Asian Currencies Technicals
AUD/USD: $1.0370-80 Holds On First Attempt. The pair managed fresh 4 week lows to start the week, pausing just ahead of the initial $1.0370-80 support region mentioned yesterday.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Breakout above .8507 exposes the 61.8% Fibonacci retracement resistance hurdle of .8577.
EUR/CAD Technical Analysis
(1,3570) EUR/CAD confirmed on Friday a strong daily and weekly closing with the slope of the move up now very steep.
AUD/USD Technical Analysis
(1,0399) The AUSSIE confirmed on Friday another weak closing well below the low of the previous session. The weekly closing was also weak!
EUR/AUD Technical Analysis
(1,2925) EUR/AUD confirmed another strong closing on Friday suggesting further direct strength toward next resistance at 1,3030 where we expect decent resistance and form where we may see a return toward 1,28!!
FX Daily Majors
Today’s highlights: – EURUSD: Decisive breakout above 1.3404 exposes the 1.3487/93 resistance zone. Above here allows for the upward trend to continue higher for 1.3835 retracement resistance.
FX Trends daily (FOCUS : AUD/CAD)
AUD/CAD The outlook remains bullish after the break above the short term resistance at 1.0475 last week with a short term target at 1.0589-1.06 (August 2012 top).