Technical Analysis
EUR/GBP ANALYSIS
EUR/GBP confirmed a weak closing below the lows of the last few session confirming also a break of the support of the inside day.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a strong closing last night suggesting we have a s/t bottom at 2064.
DAX ANALYSIS
The DAX confirmed yesterday a 5800 overshooting finding good resistance at the resistance line.
BUND ANALYSIS
The BUND aborted the small positive day reversal confirming instead a test of the 133 level that for the moment limited the downside.
GBP/USD ANALYSIS
The CABLE confirmed a strong closing last night suggesting further upside potential. This morning it returned however below the 200 hours line, now again resistance at 1,5591; the decline could however be just corrective especially while above 1,55 on an hourly closing.
EUR/USD ANALYSIS
The EUR/USD failed to extend further its move up turning instead lower and taking out our stop.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a session of consolidation forming a new inside day with 104,65 – 102,65 the levels to follow in the coming hours/ session.
USD/JPY ANALYSIS
The USD/YEN formed a small negative day reversal but only a daily closing below 77,60 will confirm a s/t top suggesting lower levels.
AUD/USD ANALYSIS
The AUSSIE is on the way to confirm a possible double top formation above 1,0080; an hourly closing below 0,9975 will confirm lower levels suggesting a return toward the 200 hours line at 0,9856! The US market has still some open gap up that we expect to be closed.
S&P ANALYSIS
The S&P confirmed a strong closing last night but only a daily closing tonight above 1196,00 will confirm a s/t bottom supporting higher levels suggesting a 1200 overshooting.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a strong closing managing as well to keep a gap area, now support at 2136 – 2121!
DAX ANALYSIS
The DAX confirmed a strong closing yesterday keeping a small gap up area, 5567- 5532. A daily closing above 5758 will confirm a s/t bottom supporting a larger correction.