USD/CHF Analysis (August 12)
With a new intervention of the Swiss National Bank yesterday, we did see the pair sharply reversing with a 400 pips move to the upside. All the CHF pairs have surged the same way.
Author: ATF Forex Trading
USD/JPY Analysis (August 12)
The pair is still under pressure threatening its yearly low at 76,30 which offered a great support lately. A break below this level would expose further significant decline.
GBP/USD Analysis (August 12)
The 1,6240 support broken on Wednesday has now become resistance and is currently being tested following yesterday’s pullback.
EUR/USD Analysis (August 12)
The pair continues to trade back and forth as there is no clear directional bias.
AUD/USD Analysis (August 11)
After a very impressive decline which lead the pair below parity, the pair is consolidating above its parity level.
USD/CAD Analysis (August 11)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).
USD/CHF Analysis (August 11)
It is always the same with the USD/CHF which remains under pressure given the strong bearish trend.
USD/JPY Analysis (August 11)
The pair is now back under pressure threatening its yearly low at 76,40. A break below this level would expose further significant decline.
GBP/USD Analysis (August 11)
The pair finally broke below 1,62 yesterday to reach 1,6110 near the daily 200 moving average. Considering this breakout, the pressure is now on the downside.
EUR/USD Analysis (August 11)
The pair continues to move without a clear directional bias for a few weeks now and it is difficult to build any strategy for the time being.