Technical Analysis
USD/CHF Technical Analysis
(0,9332) The USD/CHF confirmed a positive closing on Friday while a strong one in the weekly chart suggesting further upside potential with still the 200 days line at 0,9434 the attraction!
USD/CAD Technical Analysis
(0,9911) The USD/CAD is also still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8392) EUR/GBP confirmed already a 0,8400 overshooting after Friday’s strong closing. We expect good resistance above this level favouring a correction.
GBP/USD Technical Analysis
(1,5875) The CABLE confirmed a very weak closing on Friday in the daily chart as well as in the weekly one suggesting further downside risk, especially while below the 200 days line, now resistance at 1,5909!!
EUR/USD Technical Analysis
(1,3325) The EUR/DOLL formed a negative day reversal on Friday but only a daily closing below 1,3280 will confirm lower levels.
Daily Market Technicals
EUR/USD: $1.3404 Jan 14 High Caps, Potential Double-Top Pattern. The pair fails to break above the Jan 14 high of $1.3404 as the pair looks like it formed a double-top pattern.
EUR/CHF Technical Analysis
(1,2445) The EUR/CHF formed a negative day reversal after the 1,2570 overshooting. Only a daily closing tonight below 1,2390 will however confirm lower levels.
GBP/JPY Technical Analysis
(142,15) The GBP/JPY confirmed a negative closing on Friday while remaining interior the previous session’s range forming a new inside day with 144,40 – 140,70 the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(119,34) The EUR/JPY formed on Friday a small negative day reversal but only a daily closing tonight below 119,35 will confirm a s/t top supporting a deeper correction.
USD/JPY Technical Analysis
(89,58) The USD/YEN confirmed on Friday another strong closing in the daily chart as well as in the weekly one. It started however also finding some good resistance for now favouring a correction.
Asian Currencies Technicals
AUD/USD: Dipping Back Towards 21-DMA. Following an inside week for the pair last week the AUD/USD begins the new week with initial focus on retests of the 21-DMA and overall focus remaining on the Dec monthly low.
FX Daily Crosses
Today’s highlights: – EURGBP: Strong breakout through .8346 78.6% retracement resistance paves the way for further upside to .8420 and potentially then .8507.