MARKET BRIEFING – LONDON OPEN 26.05.2015
EURUSD
The intraday technical outlook
Monday EURUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.0900 level.
Alternatively a failure to sustain a move lower could see EURUSD test the 1.050 level.
From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.
GBPUSD
The intraday technical outlook
Monday GBPUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.5350 level.
Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5450 level.
From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.
USDJPY
The intraday technical outlook
Monday USDJPY closed the day higher.
This morning I am monitoring the price action for a test of the 123.00 level.
Alternatively a failure to sustain a move higher could see USDJPY test the 122.00 level.
From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 121.50 level
USDCHF
The intraday technical outlook
Monday USDCHF closed the day higher.
This morning I am monitoring the price action for a test of the 0.9490 level.
Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.
From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.
AUDUSD
The intraday technical outlook
Monday AUDUSD closed the day higher.
This morning I am monitoring the price action for a test of the 0.7785 level.
Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7840 level
GOLD
The intraday technical outlook
Monday Gold closed the day higher.
This morning I am monitoring the price action for a test of the 1198.05 level.
Alternatively a failure to sustain a move lower could see XAUUSD test the 1204.70 level.
From a technical perspective Gold is trading in an intraday 1 down up trend with the line of control at the 1212.40 level.
OIL
The intraday technical outlook
Monday Oil closed the day lower.
This morning I am monitoring the price action for a test of the 59.00 level.
Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 60.00 level.
From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.
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