Technical Analysis
Technical Alert
Biggest change since yesterday morning is the false downside break in multiple dollar pairs. The behavior (spring bottoms and up-thrusts) clearly speaks in favor of seeking a long dollar position for the coming days.Favoured sell = cable.
Daily Market Technicals
EUR/USD: Potential Double-Top Pattern As Fails To Break Dec 19 High. The pair slips below the 23.6% Fibonacci of $1.2662 to $1.3308, former initial support.
GBP/USD Technical Analysis
(1,6230) The CABLE still managed to confirm a positive closing last night but well off the highs of the session and however below 1,63 and therefore the key level 1,6310!!
EUR/USD Technical Analysis
(1,3135) The EUR/DOLL formed a negative outside day missing by a few pips to form a key day reversal, negative of course!!
EUR/JPY Technical Analysis
(114,87) The EUR/JPY confirmed still a strong closing last night despite a correction that favoured a retest of the 114,60 area.
USD/CHF Technical Analysis
(0,9205) The USD/CHF formed yesterday a positive day reversal after already a 0,9080 undershooting, but only a daily closing above 0,9200 will however confirm a s/t bottom suggesting a higher retracement.
USD/CAD Technical Analysis
(0,9947) The USD/CAD confirmed a weak closing last night, below a s/t but important support line, returning therefore toward 0,9820; only a daily closing below this level will support further weakness.
EUR/GBP Technical Analysis
(0,8130) EUR/GBP confirmed a negative closing breaking below the previous low suggesting further weakness toward the support line at 0,8062.
EUR/CHF Technical Analysis
(1,2094) The EUR/CHF confirmed a negative yearly closing but near the top of the year and well above the low of the previous one.
USD/JPY Technical Analysis
(87,22) The USD/YEN confirmed a strong closing last night after an extension of the move up toward 87,35 that we tested again this morning.
GBP/JPY Technical Analysis
(141,45) The GBP/JPY confirmed a strong closing last night after a 142,50 overshooting where it found some resistance. The slope of the move up is very steep and dangerous!!
AUD/USD Technical Analysis
(1,0485) The AUSSIE confirmed a strong closing last night above the tops of the last few sessions suggesting some more upside potential.