ACFX DAILY TECHNICAL REPORT – NEW YORK OPEN 17.02.2015
EURUSD
The intraday technical outlook
An up tick in ZEW data helped pushed the Euro higher this morning.
The price rise was however halted at the 1.1440 resistance level.
From a technical perspective EURUSD is trading in an intraday 1 hour downtrend with the line of control at the 1.1440 level.
GBPUSD
The intraday technical outlook
GBPUSD CPI data came in at expected at 0.3% which was lower than the prior months 0.5%
The price action has been so far this morning rather choppy with the price action trading within a tight range.
However GBPUSD continues to trade back above prior broken multiple year trend line support.
From a technical perspective GBPUSD is trading in an intraday 1 hour downtrend with the line of control at the 1.5440 level
USDJPY
The intraday technical outlook
This morning USDJPY has bounced off the 118.25 level.
This has seen the price action test the 118.85 resistance level.
From a technical perspective USDJPY is trading in an intraday 1 hour downtrend with the line of control at the 119.20 level.
USDCHF
The intraday technical outlook
This afternoon the SNB chairman is due to speak.
This could cause volatility in the markets with traders monitoring the current flexible floor and ceiling levels.
USDCHF continues to trade within 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
The AUDUSD has continued to trade higher as the price action breached the 0.7800 resistance level.
A double bottom has formed above the 0.7630 level.
From a technical perspective the pair is trading in an intraday 1 hour uptrend with the line of control at the 0.7730 level.
GOLD
The intraday technical outlook
Gold has continued to decline following yesterday’s attempt to trade back above the down channel.
We still require a move above yesterday’s pivot high of 1236.65 to confirm that the uptrend is intact.
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
As posted yesterday:
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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