Technical Analysis
BUND ANALYSIS
The BUND confirmed on Friday another strong closing above the top of the previous session. In the weekly chart it formed a positive week reversal. Nevertheless we still expect this move up to be corrective and therefore a selling opportunity!!
EUR/USD ANALYSIS
The EUR/USD formed on Friday a negative outside day reversal after a 1,3545 overshooting; we have now 1,3560 – 1,3350 the levels to follow in the coming hours. A daily closing below 1,3350 will be very negative suggesting a possible drop toward October’s low at 1,3146!!
USD/CHF ANALYSIS
The USD/CHF confirmed a positive closing while however confirming further consolidation interior the negative outside day with 0,9265 – 0,9055 still the levels to follow in the coming hours.
EUR/CHF ANALYSIS
EUR/CHF confirmed on Friday a session of consolidation interior Thursday’s positive range with therefore 1,2405 – 1,2240 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!!
EUR/GBP ANALYSIS
EUR/GBP confirmed a positive weekly closing above the 200 weeks line. The daily one was also positive but still below 0,8590!!
GBP/USD ANALYSIS
The CABLE confirmed a weak closing on Friday while remaining interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. Only a possible closing above 1,5795 will extend the move up toward the 1,59 area if not even 1,61 where we find the 200 days line!!
GBP/JPY ANALYSIS
The GBP/JPY confirmed further consolidation interior the inside day yesterday with 122,75 – 120,80 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 127,69 the attraction.
EUR/JPY ANALYSIS
The EUR/JPY confirmed on Friday a test of the 105,90 area before however plunging again lower forming a negative day reversal; only a daily closing tonight below 104,10 will however confirm a top supporting lower levels. The weekly closing was instead positive, even above the top of the previous week.
USD/JPY ANALYSIS
The USD/YEN confirmed on Friday a further session of 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.
STOXX 50 ANALYSIS
The EUROSTOXX 50 is also extending its move up after having formed a new inside day in yesterday’s session. We have now 2357 – 2187 the levels to follow. Only a daily closing above 2357 will support higher levels!!
S&P ANALYSIS
The S&P is extending its move up further already confirming a 1258 overshooting that we now sold increasing our position to an average at 1245,25!
EUR/AUD ANALYSIS
EUR/AUD confirmed on Wednesday an undershooting of the support line at 1,3085 but since then it managed to remain above that line. We expect a firm rebound for this cross at least for a retest of the 200 days line at 1,3535.