Technical Analysis
EUR/GBP ANALYSIS
EUR/GBP formed yesterday a positive day reversal after having found good support at 0,8520. Only a daily closing tonight above 0,8591 will confirm a s/t bottom supporting a little higher levels.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed another very strong closing definitely confirming the bottom. The monthly closing was instead mixed but at least it managed to recover toward the previous month’s closing.
DAX ANALYSIS
The DAX confirmed a strong move up yesterday reversing the pressure of the last few days. The daily closing was very strong and in the monthly chart the DAX managed to confirm the previous month’s closing.
EUR/JPY ANALYSIS
The EUR/JPY confirmed formed a positive outside day but it failed to confirm a daily closing above the resistance of the inside day at 104,65.
EUR/CHF ANALYSIS
EUR/CHF confirmed also yesterday further consolidation interior the positive outside day reversal with 1,2395 – 1,2235 still the levels to follow in the coming hours/ session. We had a test of the support of the outside day before however closing higher forming even a positive day reversal.
S&P ANALYSIS
The S&P formed a positive outside day confirming a strong closing well above the top of the previous sessions.
USD/CHF ANALYSIS
The USD/CHF confirmed a break below 0,9145 extending the correction toward 0,9065; still possible an extension toward the 200 4h line that we find today at 0,9004.
USD/JPY ANALYSIS
The USD/YEN confirmed a negative daily and monthly closing suggesting further consolidation for now.
EUR/USD ANALYSIS
The EUR/USD confirmed a strong closing yesterday forming a positive outside day reversal. We have now 1,3545 – 1,3245 now the levels to follow in the coming hours/ session.
HSBC: Currencies: Technical Analysis: Euro: magazine cover alert
Sentiment towards the Euro is negative. Although we still anticipate lower levels ahead, we highlight an indicator that is worth noting. Volume in stocks expanded on strong breadth during yesterday’s up day.
EUR/CHF ANALYSIS
EUR/CHF confirmed yesterday further consolidation interior the positive outside day reversal with 1,2395 – 1,2235 still the levels to follow in the coming hours/ session.
USD/CHF ANALYSIS
The USD/CHF confirmed yesterday a correction finding however good support that favoured a swift return above 0,9200.