Technical Analysis
USD/JPY Technical Analysis
(90,58) The USD/YEN confirmed a strong closing last night above the previous top suggesting further direct strength toward 90,90 with even a possible overshooting.
Daily Market Technicals
EUR/USD: Fails Ahead Of Jan 14 High, Studies Stretched. EUR/USD moves higher, above the 5-DMA, however continues to trade in a range,
EUR/JPY Technical Analysis
(121,02) The EUR/JPY confirmed a strong closing last night above the previous top suggesting further upside potential especially in case of a daily closing above 121,08.
Asian Currencies Technicals
AUD/USD: 100-DMA Now Initial Focus. Following the repeated failures in the $1.0570-80 region for the past two weeks the AUD/USD has finally broken lower as daily tech studies correct back to more neutral levels.
EUR/JPY Technical Analysis
(119,90) The EUR/JPY confirmed last night still a negative closing before however rebounding today, move that is breaking a s/t resistance line.
USD/JPY Technical Analysis
(89,85) The USD/YEN confirmed a negative closing before however confirming an important rebound today that favoured a retest of the 89,90 level.
EUR/USD Technical Analysis
(1,3323) The EUR/DOLL confirmed and is still confirming further consolidation interior the inside day with 1,3410 – 1,3265 still the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5838) The CABLE formed yesterday a positive day reversal while however remaining interior the inside day with 1,5905 – 1,5790 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – USDCAD: Market completes a medium-term double bottom base through .9975. We see scope for the market to rally substantially higher now to 1.0136, then 1.0273.
FX Trends daily (FOCUS : NZD/CAD)
NZD/CAD The cross has continued to rise in the recent sessions and has cleared an important resistance area between 0.8373 (medium term resistance line) and 0.8425 (August 2011 top).
South Africa: Daily FX Technical Strategy – Breakouts
USD/ZAR, EUR/ZAR and GBP/ZAR broke out of their recent ranges to nullify the Doji patterns we highlighted yesterday.
Global Technical Watch – An infrequent bull run
The S&P 500 is on an impressive bullish run, having completed six consecutive bullish closes which is an event rarely seen in the past six years (Figure 1).