Technical Analysis
Asian Currencies Technicals
AUD/JPY: Focus Firmly On $1.0290-00 Region. Thursdays close on the 21-DMA was followed up with a sharp fall to end the week that closed marginally above the 21 day lower Bollinger band.
FX Daily Majors
Today’s highlights: – EUR/GBP: .8097 support continues to hold for now. Broadly, whilst above the .8047/34 support zone, the medium-term focus remains higher to .8263.
UBS FX Technical
EURUSD – The pair is consolidation following the sharp December rally and the test of resistance at 1.3284, the May high.
Technical Alert
EURUSD gravestone doji didn’t (yet..) deliver the anticipated decline but topside spikes in the EUR x:s showing tired buyers…
Daily Market Technicals
EUR/USD: Fails To Break Dec 19 High, Bears Eye $1.3156. The pair now declines after bulls tried to break the high of Dec 19, the potential gravestone doji, however bears prevailed.
Asian Currencies Technicals
AUD/USD: Continuation Lower Now Favoured. The pair dipped below the 21-DMA yesterday for the first time since late Nov and we will now look for a close below the Dec 11 low as confirmation of a break of the 21-DMA and the resulting shift lower in focus.
USD/JPY – channel & gap support align at 83.55 today
Based on a complete 5-wave rally from 77.44 AND the extreme sentiment & positioning data that we have been highlighting,
FX Daily Crosses
Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Resistance found at 1.3309. This is likely to cap the market for now and a correction back to 1.3072/62 is plausible, before the next leg higher to 1.3487.
Technical Alert
Eventful session yesterday with the euro up and all the way back down…creating a gravestone doji, a bearish setup for the day.
USD/CHF Technical Analysis
(0,9136) The USD/CHF formed a small positive day reversal but only a daily closing above 0,9140 will confirm a s/t bottom.
EUR/GBP Technical Analysis
(0,8134) EUR/GBP managed to confirm a positive closing but it failed to confirm the break above the resistance of the inside day at 0,8165 by a daily closing!