Technical Market View
AUD/USD
The base of 0,9270-00 was held and a correction to the upper part of the ranges of the last month is being formed. Resistance at 0,9500-50 is very important, as it is the higher level of the year regarding AUD. An upward break will lead to a big move towards the area of 0,9700...
EUR/CHF
The previous tops in the area of 1,6330-50 are being tested. A move below those levels will have as target the area of 1.6500 ... We wait for reversal signs from the previous highs, that will indicate a double top formation. First intraday support in the area of 1,6220- 30.
EUR/GBP
A sideways consolidation is formed these last few days. The short term ranges are between 0,7920 and 0,7970 . Our upward targets remain above 0,8020-40, and downward below 0,7850 area, which is an important support...
EUR/JPY
Sell positions that we had suggested in the area of 163,00 led to our targets. The area of 163.00-20 is likely to be reached again. We will follow the same strategy with stops above 163,60 and the area of 160,60-80 as target....
GBP/JPY
Important resistance is being reached. We will try sell positions in the area of 204,30- 35 and 204,90-00 with stops above 205,50...
USD/CAD
The base of 0,9880-00 is tested again. Move towards the ranges seems to be the appropriate strategy for the short term. The ranges are between 0,9980-00 και 1,0200...
Gold
Sideways consolidation for gold, which seems to be forming a base for acceleration. Above 890 area, a sharp move towards 900 area is possible, in the ranges that will indicate a reversal...
SILVER
We wait for the exit of the sideways consolidation...
CRUDE OIL
Yesterday's sharp drop has been completely reversed. Such moves are usually before a new trend formation. A move above 127,00 will lead at least to 130.00 area.
DOW JONES
Dow seems to hold its upward channel. Support was confirmed. We wait for the tops of 13100-20 to be reached again...
FX Greece
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