Technical Analysis

It seems like the common currency remains under pressure with EURUSD already back testing the support it bounced off Fri. Below 1.2840 would add to the burden it must already feel…

AUD/USD Technical Analysis

(1,0480) The AUSSIE confirmed on Friday further consolidation interior the positive outside day with 1,0530 – 1,0430 still the levels to follow.

USD/CHF Technical Analysis

(0,9350) The USD/CHF confirmed a strong closing on Friday above the top of the previous session and also the weekly one was strong above the top of the previous week!

Daily Market Technicals

EUR/USD: Bears Eye $1.2840 As Daily & Weekly Studies Slide. The pair continues to correct lower, making lower lows and lower highs as daily studies also slide.

(0,8055) EUR/GBP confirmed another weak closing on Friday suggesting the cross has a top. The closing was just above the 200 days line but not sure we will remain above this line for longer especially because the weekly closing was also negative forming even a negative outside week!!

GBP/JPY Technical Analysis

(132,10) The GBP/JPY confirmed on Friday a positive closing failing to confirm the previous day’s negative day reversal.

EUR/CHF Technical Analysis

(1,2077) EUR/CHF confirmed another weak closing below the low of the previous session supporting lower levels with the 200 days line at 1,2042 now again the attraction!

Asian Currencies Technicals

AUD/USD: Inside Day To End The Week. The AUD/USD managed an inside day to end the week with the Dec 6 low remaining initial support to start the new week.

EUR/USD – daily & hourly breakout failure leave EUR vulnerable

Our call this week for an important pullback in Euro has taken prices back below the recently broken 2011 uptrend; that is a failure and raises concerns in the medium-term for Euro bulls.

FX Daily Crosses

Today’s highlights: – EUR/GBP: Prodding below .8059 interim support. We remain bullish for now, until a sustained breakdown is seen. We still expect a retest of key neckline resistance at .8166.

FX Daily Majors

Today’s highlights: – EURUSD: Sharp sell-off yesterday brings the market back to our target 38.2% retracement. Some overshoot below today, but the uptrend remains intact whilst above 1.2880.

USD/CAD Technical Analysis

(0,9915) The USD/CAD broke below the support of the inside day at 0,9905 but it failed to confirm the break by the daily closing.