Technical Analysis
S&P ANALYSIS
The S&P confirmed a weak closing last night testing the support line of the symmetrical triangle this morning at 1227,00.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a further negative closing however it failed to extend the decline below the previous session’s range.
USD/ZAR ANALYSIS
The DOLL/ZAR confirmed yesterday another positive closing after finding however good resistance in the 8,25 area.
DAX ANALYSIS
The DAX reversed again the previous day’s performance making a negative day reversal; a daily closing tonight below 5817 will support lower levels.
BUND ANALYSIS
The BUND confirmed still a negative closing but it failed to directly confirm the negative day reversal it formed on Tuesday!
CRUDE OIL ANALYSIS
The CRUDE OIL confirmed the expected overshooting of the 100 level even on closing suggesting further upside potential in the s/t.
USD/CHF ANALYSIS
The USD/CHF confirmed a further positive closing but it failed to extend much higher its move up.
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.
GBP/JPY ANALYSIS
The GBP/JPY confirmed a small extension of the decline finding however good support in the 120,80 area.
EUR/JPY ANALYSIS
The EUR/JPY confirmed another weak closing last night again below the low of the previous day suggesting further downside pressure 103 if not even 102,50.