Technical Analysis
EUR/JPY Technical Analysis
(100,77) The EUR/JPY confirmed a further session of consolidation interior the inside day with 100,85 – 99,15 still the levels to follow. While above the 200 hours line at 100,53 we expect this cross to confirm a 101 overshooting!!
GBP/USD Technical Analysis
(1,5820)The CABLE is confirming further consolidation interior the inside day with 1,5895 – 1,5680 still the levels to follow; a possible break of the resistance will favour the expected extension towards the 200 days line at 1,5940!!
EUR/GBP Technical Analysis
(0,8315) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. It tried yesterday to break the support but the closing suggests it was a false break.
Technical Analysis
EUR/USD is still in waiting mode – not knowing if it’s a top forming or a bullish flag in creation… GBP/USD on the other hand looks a tad more bullish and a +1.5884 high looks increasingly likely… AUDUSD has been carried into yet another fresh high after the RBA surprise this morning…
EUR/CHF Technical Analysis
(1,2065) EUR/CHF is confirming further consolidation. In the hourly chart we have still a potential reversed S_H_S formation with the neck line at 1,2085!! While above the 200 hours line at 1,2059 we favour higher levels.
USD/CHF Technical Analysis
(0,9188) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. Only a daily closing above 0,9265 will support a resumption of the move up.
USD/JPY Technical Analysis
(76,70) The USD/YEN formed a small negative day reversal but already a move above76,82 will abort it supporting higher levels. The indicators of the daily chart are still below the line while those of the s/t ones are mixed this morning suggesting further consolidation.
European FX Daily – RBA boosted AUD
– AUD surged as RBA unexpectedly kept rates on hold at 4.25% – BoJ performed stealth intervention in USDJPY in Q4 2011 – German output likely to surprise stronger – We recommended buying USDCHF in cash and options as euro risks rise
EUR/USD Technical Analysis
(1,3108) The EUR/USD confirmed further consolidation interior the positive outside day reversal with 1,3230 – 1,3015 still the levels to follow in the coming hours. Only a daily closing above 1,3230 will support higher levels toward our s/t target at 1,3351.
FX Market Technical Research
EUR/USD near term trading is limited to 1.3000-1.3250/80. We wait a break from here to determine the short term direction. We remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November.
Technical Analysis
The positive vibes ending last week seems to be prevailing, perhaps except the euro that has continued to slide after the topside failure. EURUSD still trapped in the 1.3026/1.3219 range but with a negative undertone, EURAUD have broken to a multi decades low,
Technical Analysis: Crunch time for Asian decoupling
The long-term Asian-Pacific outperformance trend is at an important juncture. The uptrend from 2002 has been broken and must be regained soon if the technical outlook is to remain positive.