ACFX DAILY TECHNICAL REPORT – NEW YORK OPEN 16.02.2015
EURUSD
The intraday technical outlook
A combination of the Presidents day holiday and the Euro Group meeting has led to quiet trading.sign. Especially as the US dollar is weakening currently.
From a technical perspective EURUSD is trading in an intraday 1 hour uptrend with the line of control at the 1.1270 level.
GBPUSD
The intraday technical outlook
GBPUSD this morning did put in a new recent high however the price action was not able to sustain the move higher.
This has led to a strong decline back down to Friday’s low.
From a technical perspective GBPUSD is trading in an intraday 1 hour uptrend with the line of control at the 1.5195 level.
USDJPY
The intraday technical outlook
USDJPY has experienced a quiet days trading as the price action remaining within Friday’s range.
From a technical perspective USDJPY is trading in an intraday 1 hour uptrend with the line of control at the 118.25 level.
USDCHF
The intraday technical outlook
USDCHF continues to trade withing a tight range under the recent 0.9340 high.
From a technical perspective USDCHF is trading in an intraday 1 hour uptrend with the line of control at the 0.9265 level.
AUDUSD
The intraday technical outlook
AUDUSD has this morning confined its trading within Friday’s range.
A double bottom has formed above the 0.7630 level.
From a technical perspective the pair is trading in an intraday 1 hour downtrend with the line of control at the 0.7800 level.
GOLD
The intraday technical outlook
Gold this morning has broken above the top of its large down channel.
This could a possible sign that the current down trend is coming to an end.
From a technical perspective Gold is trading in an intraday 1 hour uptrend with the line of control at the 1221.00 level.
OIL
The intraday technical outlook
Following its recent bounce Oil is now trading with a 48 to 54 range.
From a technical perspective Oil is trading in an intraday 1 hour uptrend with the line of control at the 48.00 level.
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