Technical Analysis
CRUDE OIL ANALYSIS
The CRUDE OIL formed yesterday a negative outside day reversal with now 103,50 – 98,20 the levels to follow in the coming hours.
GOLD ANALYSIS
GOLD confirmed a weak closing well below the key level at 1736,60 confirming therefore the double top formation and supporting a possible extension of the decline toward the support line, now at 1681,60!!
USD/CHF ANALYSIS
The USD/CHF confirmed a further positive closing but it still failed to extend much higher its move up making just a marginal new high.
GBP/USD ANALYSIS
The CABLE formed yesterday a positive day reversal but only a daily closing above 1,5814 will confirm a s/t bottom supporting a rebound.
EUR/GBP ANALYSIS
EUR/GBP confirmed a session of consolidation forming even a new inside day with 0,8600 – 0,8505 the levels to follow in the coming hours.
EUR/CHF ANALYSIS
EUR/CHF is still well bid above 1,2350 but only a daily closing above 1,2460 will support higher levels suggesting a 1,25 overshooting.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a further weak closing below the low of the previous session that was already a negative day reversal.
DAX ANALYSIS
The DAX confirmed a weak closing below the low of the negative day reversal but only a clear break below 5666 confirmed by a daily closing will support lower!
EUR/JPY ANALYSIS
)The EUR/JPY confirmed another weak session but for the moment the support at 103,40 limited the downside.
USD/JPY ANALYSIS
The USD/YEN confirmed further consolidation interior the range 77,35 – 76,80 and for the moment we do still expect the support to limit the downside.
EUR/USD ANALYSIS
The EUR/USD confirmed a weaker closing while consolidating more or less interior the previous session’s range.