Technical Analysis
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a very weak closing last night well below the 2189 level.
DAX ANALYSIS
The DAX confirmed a very weak closing even confirming a break below 5666 supporting therefore lower levels.
S&P ANALYSIS
The S&P US market only chart is still showing a gap down area 1197,30 – 1206,50 and this has to be considered today.
USD/CHF ANALYSIS
The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9240 – 0,9075 the levels to follow in the coming hours.
GBP/USD ANALYSIS
The CABLE plunged lower yesterday by testing the 1,5610 area and confirming a closing near the low.
EUR/GBP ANALYSIS
EUR/GBP confirmed a break above the resistance of the inside day at 0,8600 supporting further strength with the 200 days line at 0,8744 the possible attraction.
EUR/CHF ANALYSIS
EUR/CHF is still well bid above 1,2350 but showing a mixed picture and however for now it is unable to overcome the resistance area at 1,2450/80!!
GBP/JPY ANALYSIS
The GBP/JPY found good support at the 120 level yesterday that we expect to limit the downside also today.
EUR/JPY ANALYSIS
The EUR/JPY confirmed again a negative closing, however remaining more or less at the same level despite an undershooting yesterday below the previous low at 103,40.
USD/JPY ANALYSIS
The USD/YEN confirmed yesterday a session of consolidation interior Friday’s range forming a new inside day with 77,15 – 76,45 the levels to follow in the coming hours/ session; a daily closing above 77,15, but better would above 77,35, will support higher levels.
CRUDE OIL ANALYSIS
The CRUDE OIL confirmed a weak closing on Friday confirming therefore the negative outside day reversal it formed on Thursday.