Technical Analysis
Asian Currencies Technicals
AUD/USD: Continues To Hesitate Topside. The AUD/USD continues to trade sideways ahead of the Jan 2 highs.
USD/CAD Technical Analysis
(0,9878) 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
(1,0477) The AUSSIE confirmed last night a strong closing above Friday’s top when the pair formed a positive day reversal.
GBP/JPY Technical Analysis
(140,75) The GBP/JPY is confirming further consolidation interior Friday’s inside day with 142,20 – 140,00 still the levels to follow in the coming hours.
Technical Alert
Time for USDJPY to correct the short- medium term stretch… EUR/USD Checking mid-1.31 resistance… USD/JPY Time to correct some stretch…
GBP/USD Technical Analysis
(1,6093) The CABLE confirmed last night a relatively strong closing above the top of Friday when it again confirmed a weak closing suggesting it has formed a s/t top at 1,6379.
USD/CHF Technical Analysis
(0,9215) The USD/CHF confirmed a weak closing last night confirming Friday’s negative day reversal.
EUR/GBP Technical Analysis
(0,8146) EUR/GBP is still well bid after Friday’s strong closing. The weekly one was instead weak below the low of the previous one suggesting we may have a top in place;
Daily Market Technicals
EUR/USD: Daily Studies Firmer As Bears Meet Buying Pressure. The pair met some buying pressure as it leaves long lower shadows on the last two candles.
EUR/CHF Technical Analysis
(1,2090) The EUR/CHF is confirming further consolidation interior the inside day with 1,2120 – 1,2060 still the levels to follow in the coming hours.
Crude Oil Analysis
February NYMEX WTI prices are trading marginally lower Tuesday after posting some slim gains during the previous trading day.
EUR/USD Technical Analysis
(1,3128) The EUR/DOLL formed on Friday a positive day reversal and last night’s closing above Friday’s top managed to confirm it suggesting further upside potential.