Technical Analysis
EUR/GBP Technical Analysis
(0,8130) EUR/GBP confirmed last night already a 0,8150 overshooting after the strong daily and weekly closing on Friday.
EUR/CHF Technical Analysis
(1,2085) EUR/CHF is still consolidating interior the inside day with 1,2140 – 1,2065 still the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Breaks May 1 Trendline, Focus Turns Higher. The pair finally broke through $1.3100, the key former initial resistance level.
Asian Currencies Technicals
AUD/USD: Overall Focus Remains Topside. The 21-DMA remains the key support for the AUD/USD with initial support now seen at the Dec 13 lows.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Advance continues towards the flagged resistance zone of .8150/66. We continue to expect an eventual breakout through here to complete a major base, for .8263 first.
FX Daily Majors
Today’s highlights: – EURUSD: Advance continues higher towards 1.3127 and then 1.3140/72. A break above the latter area allows the upward trend continue towards 1.3284 and then 1.3388.
USD/CHF Technical Analysis
(0,9225) The USD/CHF already confirmed a test of the 0,9210 level; a daily closing below this support will cause further and probably more important weakness suggesting even a retest of the 0,9000 area!
Technical Alert
Basically more of the same…a bid euro, weaker jpy, US bond futures lower, S&P500 lower…and GOLD unch. Shanghai C flying up to a key reference resistance.
AUD/USD Technical Analysis
(1,0547) The AUSSIE confirmed a negative closing remaining however well above the 1,0500 level for now. While above, we expect higher levels suggesting a 1,06 overshooting.
USD/CAD Technical Analysis
(0,9835) The USD/CAD formed yesterday a small positive day reversal but only a daily closing above 0,9858 will confirm a s/t low supporting a rebound.
EUR/GBP Technical Analysis
(0,8122) EUR/GBP confirmed last night another strong closing suggesting a possible test of the 0,8150 level.
Global Technical Watch – Sustainable change in the JPY trend
USD/JPY emerged above its weekly cloud in mid-November, posting a medium-term bullish signal. This week, it posted another signal on the break above the 83.00 area as the market completed a large basing pattern, which suggests that the downtrend of the past four years has ended.