Technical Analysis
Technical Alert
USDZAR the big flyer yesterday with a 20+ big figure move…and it’s only the beginning! JPY sellers seen running into a possible bear trap.
Daily Market Technicals
EUR/USD: Another Spinning Top Turns Daily Studies Bearish. The pair posts another spinning-top doji while daily studies turn bearish – slow stochastics shows a sell-signal from overbought territory.
Asian Currencies Technicals
AUD/USD: Continues To Pause Ahead Of $1.0578-24 Region. The pair held above the previous support on yesterday’s dip but continues to fail ahead of the layers of resistance in the $1.0578-24 region.
EUR/USD – bull consolidation above 1.3260 implies break of 1.34
As the correction from 1.34 completes, a key support has been established at the Fibonacci and pivot low level above 1.3260.
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling to overcome the .8420 50% retracement after reversing lower from .8442 yesterday. We expect a correction lower, back to .8328, and then .8265.
FX Daily Majors
Today’s highlights: – EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
FX Trends daily (FOCUS : EUR/NOK)
EUR/NOK The pair has failed to clear a potential resistance around 7,48 before a decline yesterday.
Technical Alert
EURUSD remains aggressively neutral inside 1.3257 & 1.3404, while the yen comes crawling back and looks set to keep scoring for USDJPY to test ~87.80 and AUDJPY ~92.40…
EUR/GBP Technical Analysis
(0,8403) EUR/GBP confirmed the previous day’s closing after having formed an outside day with 0,8450 – 0,8355 the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5820) The CABLE confirmed yesterday a session of consolidation interior the previous day’s range forming a new inside day with 1,5905 – 1,5795 the levels to follow in the coming hours.
EUR/USD Technical Analysis
(1,3300) The EUR/DOLL confirmed yesterday further consolidation interior the inside day with 1,3410 – 1,3270 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2357) The EUR/CHF confirmed a weak closing below the support of the inside day at 1,2380 suggesting further weakness toward 1,2300 if not even a little lower!