Technical Analysis
GBP/USD ANALYSIS
The CABLE formed a negative day reversal while it still confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. A daily closing below 1,5610 will suggest a s/t top is in place.
EUR/USD ANALYSIS
The EUR/USD formed a negative outside day closing below the support of the previous one supporting further weakness.
USD/CHF ANALYSIS
The USD/CHF confirmed yesterday another session of consolidation interior the inside day with 0,9310 – 0,9190 the levels to follow in the coming hours.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a weak closing below the lows of the last few sessions suggesting further possible weakness. Only a daily closing below 102,48 will however confirm lower levels suggesting a retest of the 100,76 area!
USD/JPY ANALYSIS
The USD/YEN confirmed yesterday a test of the support of the inside day before however turning again higher. We are therefore following still the 78,30 – 77,15 levels for a possible break out. Again only a daily closing above 78,30 will support higher levels.
AUD/USD ANALYSIS
The AUSSIE is overall still confirming further consolidation interior the big inside day with 1,0345 – 0,9930 still the levels to follow, despite the overshooting yesterday of the resistance. The selloff we‘re seeing this morning could cause an undershooting of the parity where we suggest closing the shorts that we made too early!!
GOLD ANALYSIS
GOLD confirmed a strong closing last night suggesting another test on the upside; a daily closing above 1767,10 will resume the move up but we do not expect much higher levels.
S&P ANALYSIS
The S&P confirmed a positive closing after the test of the 1244 area where it found good support. The move up formed a positive outside day with now 1269,00 – 1243,00 the levels to follow in the coming hours.
STOXX 50 ANALYSIS
The EUROSTOXX 50 formed an outside day with 2414 – 2298 the levels to follow in the coming hours. A daily closing above 2414 will support a rally toward 2509!!
DAX ANALYSIS
The DAX formed yesterday a positive outside day after finding good support already below 5920. We have now 6150 – 5905 the levels to follow in the coming hours/ session. Only an hourly closing above 6150 will already resume the move up.
BTP ANALYSIS
The BTP formed yesterday a negative outside day with now 99,10 – 96,05 the levels to follow in the coming hours/ session.
BUND ANALYSIS
The BUND confirmed an extension of the corrective move up finding however good resistance already at 135,92, at least for now.