Technical Analysis
FX Technical Volume Strategy: Highest volume day of the past year
– Overall volumes were the highest level for the past twelve months. – JPY was squeezed off the top spot in terms of daily volume as activity in USD, EUR and AUD reached the highest for the past year.
Global Technical Watch – Optimism on the rise
Small caps and the Dow Transports leading US equities higher is an encouraging bullish sign. Across various assets, markets are responding positively, and even low-volatility currency pairs, such as AUD/USD, are now pressing onto important resistance near range highs.
Technical Alert
It’s bascially back to the drawing board after yesterday’s €urophoria…our view of a soon break lower in EURUSD has been proven wrong and a new high above 1.3309 to be seen before a new attempt to peak will take place.
Daily Market Technicals
EUR/USD: Massive Break Higher And Focus Turns To $1.3308. The pair leaves a long white candle, sending daily studies higher,
USD/CAD Technical Analysis
(0,9838) The USD/CAD is confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
AUD/USD Technical Analysis
(1,0567) The AUSSIE confirmed a strong closing last night but it still failed to move higher finding good resistance at 1,06. Only a daily closing above 1,0625 will support higher levels, probably toward 1,0850.
EUR/CHF Technical Analysis
(1,2138) The EUR/CHF confirmed a strong closing last night well above the resistance of the inside day at 1,2120 suggesting further upside potential toward the resistance line at 1,2160!
GBP/USD Technical Analysis
(1,6149) The CABLE confirmed a strong closing well above the tops of the last few sessions suggesting further possible strength, at least in the s/t. possible therefore a retest of the 1,6200/20 area!
EUR/JPY Technical Analysis
(118,15) The EUR/JPY confirmed another strong closing well above the s/t target confirming even a direct 118 overshooting.
USD/CHF Technical Analysis
(0,9155) The USD/CHF confirmed a weak closing last night plunging again below 0,9200. Only the rise of the EUR/CHF cross limited the drop.
EUR/GBP Technical Analysis
(0,8213) EUR/GBP confirmed a strong closing well above the resistance of the positive outside day at 0,8175 suggesting a firm test of the key level at 0,8228;
GBP/JPY Technical Analysis
(143,80) The GBP/JPY confirmed a strong closing last night suggesting further strength that could lead to a direct 145 overshooting.