Technical Analysis
BUND ANALYSIS
The BUND confirmed another weak closing on Friday but overall it is finding some good support in the 134 area.
DAX ANALYSIS
The DAX confirmed on Friday a positive day reversal but only a daily closing tonight above 5532 will confirm a s/t bottom supporting higher levels. The weekly closing was instead well weak.
EUR/JPY ANALYSIS
The EUR/JPY formed on Friday a small positive day reversal but only a daily closing tonight above 103,30 will support a s/t bottom.
GBP/JPY ANALYSIS
The GBP/JPY confirmed a positive closing on Friday but the weekly one was still weak, well below the low of the previous week.
GBP/USD ANALYSIS
The CABLE confirmed a very weak closing on Friday, well below the low of the past few sessions. The weekly closing was also weak.
EUR/USD ANALYSIS
The EUR/USD confirmed a very weak closing on Friday well below the lows of the last few session.
USD/CHF ANALYSIS
The USD/CHF confirmed a strong daily closing on Friday after the overshooting of the previous top; also the weekly closing was positive well above the top of the previous week.
USD/JPY ANALYSIS
The USD/YEN confirmed a strong closing on Friday above the resistance of the inside day suggesting further upside potential.
S&P ANALYSIS
The S&P confirmed on Friday a further weak closing and also the weekly one was very weak well below the low of the previous week.
STOXX 50 ANALYSIS
The EUROSTOXX 50 formed a small positive day reversal which mean that the low was lower than the day before and the closing was higher than the day before.
DAX ANALYSIS
The DAX confirmed further weakness but found support already at 6440. Possible an extension toward 5345 before a firm rebound will kick in!
BUND ANALYSIS
The BUND confirmed a weak closing again well below the low of the previous session but at least it recovered from the low at 134,36.