Technical Analysis
USD/CHF ANALYSIS
The USD/CHF confirmed a weak closing and therefore also Thursday’s negative day reversal.
USD/JPY ANALYSIS
The USD/YEN confirmed a negative weekly closing and also the daily one was weak hitting again the 77,00 area.
EUR/USD ANALYSIS
The EUR/USD confirmed a strong closing on Friday but only a daily closing above 1,3796 tonight will confirm a s/t bottom supporting higher levels.
STOXX 50 ANALYSIS
The EUROSTOXX 50 formed a positive day reversal but only a daily closing tonight above 2291 will confirm a s/t bottom supporting higher level.
DAX ANALYSIS
The DAX formed a positive day reversal but only a daily closing above 5940 will confirm a s/t bottom supporting higher levels.
BUND ANALYSIS
The BUND formed yesterday a negative day reversal but only a daily closing below 137,90 tonight will confirm a s/t top favouring lower levels, scenery that we still favour.
USD/CHF ANALYSIS
The USD/CHF formed a negative day reversal but only a daily closing below 0,9018 will confirm a s/t top suggesting again lower levels.
GBP/USD ANALYSIS
The CABLE failed to confirm a break below the key level at 1,5877 recovering and forming a small positive day reversal.
EUR/USD ANALYSIS
The EUR/USD formed a positive day reversal but only a daily closing above 1,3653 will confirm a s/t bottom supporting a higher retracement.
GBP/JPY ANALYSIS
The GBP/JPY confirmed a negative closing but it managed at least to recover somewhat from its low and the closing was however above the support line!!