Technical Analysis
BUND ANALYSIS
The BUND confirmed a daily closing above the top of the previous session that was a positive day reversal supporting therefore further upside potential. A daily closing above 137,12 will suggest a 138 overshooting!!
DAX ANALYSIS
The DAX confirmed another weak closing last night suggesting further downside risk and this could mean still a drop toward the gap up area 5567 – 5463.
GOLD ANALYSIS
GOLD confirmed last night a negative closing below however plunging again to 1625 this morning. Still possible a further extension of the decline toward the 200 days line at 1617,50; a daily closing below this line will open the way for a drop toward the 1525/ 1500 area!!
S&P ANALYSIS
The S&P confirmed the expected test interior the gap up formed on November the 30, 1221,50 – 1196,50!! It found however already good support at 1213,00 before rebounding higher.
GOLD ANALYSIS
GOLD confirmed yesterday a very weak closing below the 1670 key level. We expect further weakness toward the 200 days line at 1616,50 with a possible extension later on toward the 1500 area.
BUND ANALYSIS
The BUND failed to confirm Friday’s negative day reversal turning instead higher and suggesting a possible break above 137,12, Friday’s top.
DAX ANALYSIS
The DAX failed to confirm Friday’s positive day reversal plunging instead lower retesting the lows. The drop found however good support for now above 5750.
Global FX Technical Strategist – EUR/USD Update
EUR/USD keeps for the time being a MT weak study with still risk towards critical 1.3046/1.3146 support area initially & then 1.26/1.28 area. Current slight break below 1.3342 (61.8%) is of course rekindling such a scenario even if the possible rising “C of ABC” scenario towards ST 38.2% (1.3608) remains possible. However, a ST rebound […]
BUND ANALYSIS
The BUND formed on Friday a negative day reversal but only a daily closing tonight below 135,30 will confirm a s/t top favouring lower levels.
STOXX 50 ANALYSIS
The EUROSTOXX 50 formed on Friday a positive day reversal but only a daily closing tonight above 2354 will confirm a s/t bottom supporting higher levels.
DAX ANALYSIS
The DAX confirmed on Friday a positive day reversal after a week of falling prices. Only a daily closing tonight above 6029 will however confirm a s/t bottom supporting higher levels. The weekly closing was negative but still above the 200 weeks line.
GBP/USD ANALYSIS
The CABLE is still confirming further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. The closing on Friday was positive as well as the weekly one while however still consolidating interior the inside week!!