EUR/USD Daily Technical Reports
The last break of Monday's lows in early oversold trading triggered a sharp rebound that has been stymied by the Nov 9 low at 1.4635 and the 50% of the 1.4750/1.4520 slide also at 1.4635. 1.4665 is the 61.8% and the late Asia high from Sunday night. 1.4575 is hourly swing low support and the 200-hr MA.
Indicators show:
RSI pointing up
MACD after a bullish cross
The market strategy will be with the primary trend, Buy at 1.4575 targeting to new high.
USD/JPY Daily Technical Reports
Long trade taken as prices cleared the hourly trend from 114.80 at 100.40. The hallmarks of an oversold daily bottom are now seen in the daily studies, but the speed of the recent slide makes reversal-on-close pivot points too far away for a confirmation worth using. The 21.4% of the 115.93/109.13 move at 110.60 now cleared. 111.75 is the target
Indicators show:
RSI pointing up
MACD after a bullish cross
The market strategy is Buy a break of 111.05 targeting to 111.75 and second target at 112.80
GBP/USD Daily Technical Reports
The market now looks to be backfilling yesterday"s setbacks from the US session on the light but volatile holiday trade, and is up over 2% on the day. However, today"s highs coincide with the 38.2% fib retracement of the recent 2.1160-2.0525 move, and a lower top is sought by the latter ahead of a resumption of setbacks.
Indicators show:
RSI pointing up
MACD after a bullish cross
The market strategy buy at 2.0705 will be with tight stop, worry might correction will surprise. Break the support level of 2.0680 will be a strong selling signal target to 2.0525.
USD/CHF Daily Technical Reports
Long can be taken in the wake of the bullish divergence hourly bottom made at 1.1227 and with the most enormously oversold daily buy signals in memory on the daily charts. The market targeting to 1.1340, the 21.4% of the 1.1895/1.1190 slide from the Oct 9 high and also near the Nov 8 high at 1.1345.A daily close above the latter adds weight to the bullish reversal.
A failure to break the resistance of 1.1300 will be a selling signal with taget around the levels of 1.1115.
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