Technical Analysis
EUR/CHF ANALYSIS
EUR/CHF confirmed further consolidation interior the inside day with 1,2405 – 1,2240 still the levels to follow in the coming hours/ session. Only a daily closing above 1,2405 will support higher level suggesting the still missing 1,25 overshooting!!
AUD/USD ANALYSIS
The AUSSIE confirmed a positive closing last night while still remaining interior the big inside day with 1,0345 – 0,9930 the levels to follow in the coming hours.
GBP/JPY ANALYSIS
The GBP/JPY confirmed further consolidation interior the inside day yesterday with 122,75 – 120,80 still the levels to follow in the coming hours. Only a daily closing above 122,75 will confirm an extension of the move up with the 200 days line at 127,64 the attraction.
EUR/JPY ANALYSIS
The EUR/JPY failed to confirm Friday’s negative day reversal but the closing was anyhow negative suggesting further pressure.
USD/JPY ANALYSIS
The USD/YEN confirmed also yesterday further consolidation interior the inside day with 78,30 – 77,15 still the levels to follow in the coming hours. Only a daily closing above 78,30 will support higher levels.
S&P ANALYSIS
The S&P confirmed a small extension yesterday before however turning again below the 200 days line this morning. The closing was however positive.
GOLD ANALYSIS
GOLD confirmed last night a weak closing well below the low of the previous session supporting lower levels. A daily closing tonight below 1721,10 will confirm a top at 1767,10 suggesting a firm test of the key level at 1670,50!!
CRUDE OIL ANALYSIS
CRUDE OIL is still well bid suggesting further upside potential toward November’s top at 103,37. We expect however the move up to be corrective, still.
STOXX 50 ANALYSIS
The EUROSTOXX 50 failed as well to confirm the break of the resistance of the inside day at 2357 but the closing was still positive. The weekly closing was strong.
GOLD ANALYSIS
GOLD confirmed on Friday even a 1767 overshooting before however closing lower. The weekly closing was strong above the top of the previous week.
S&P ANALYSIS
The S&P formed on Friday a negative day reversal but only a daily closing tonight below 1242,40 will confirm a s/t top favouring lower levels. The weekly closing was instead very strong well above the top of the previous week.
DAX ANALYSIS
The DAX confirmed on Friday still a positive closing , however well off the highs of the session and however below the resistance of the inside day that it broke on the upside!!