Technical Analysis
USD/JPY Technical Analysis
(89,11) The USD/YEN confirmed a very strong closing well above the resistance of the positive outside day at 88,15 supporting a direct extension of the move up that in the coming hours/ session could confirm a 90,00 overshooting!!
EUR/USD Technical Analysis
(1,3259) The EUR/DOLL confirmed a strong move up by testing already the 1,3280 level. A possible break above 1,3305 confirmed by a daily closing will support further strength suggesting a rally toward 1,35 if not even higher.
Asian Currencies Technicals
AUD/USD: Sept Monthly Highs Now Targeted. COMMENTARY: The pair has traded at the highest level in four months with the Sept monthly high now firmly in focus.
EUR/USD Technical Analysis
(1,3220) EUR/DOLL confirmed an important rally that sent already well overbought the indicators of the s/t charts showing also a clear negative reversal situation.
FX Daily Crosses
Today’s highlights: – EURGBP: Pausing at .8165 resistance, but broader bias remains higher for .8228 and then .8263 whilst above the .8075/85 support zone.
FX Daily Majors
Today’s highlights: – EURUSD: Correction back towards 1.2998/85 key support zone continues for now. We look for a rebound higher from here and still target back to 1.3190, and then 1.3300/09.
Daily FX Technical Analysis and Strategy
Stability in US equity and commodity markets is ultimately positive for risk and likely to keep the US dollar under pressure. But for now, there are some signs of USD strength.
Technical Alert
EUR & GBP slid lower yesterday but are likely to take a breather ahead of today’s CB meetings. AUD/USD is a must watch as we possible are exiting a large bull triangle.
AUD/USD Technical Analysis
(1,0558) The AUSSIE confirmed yesterday further consolidation interior the outside day with 1,0540 – 1,0365 still the levels to follow;
USD/CAD Technical Analysis
(0,987o) 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.
Daily Market Technicals
EUR/USD: Daily Studies Stretched As Bears Eye Jul 24 Supp Line. The pair moves lower again to test our initial support level, the daily Bollinger band base at $1.3026.
EUR/GBP Technical Analysis
(0,8143) EUR/GBP formed a positive outside day but it failed to extend much higher its move up, at least for now! We have now 0,8175 – 0,8120 the levels to follow in the coming hours.