The USD/CHF pair fell hard on Tuesday, confirming the range being still intact. The 0.8550 area needs to be broken for the bulls to gain any traction from this point. Because of the range, we like selling...
The USD/JPY rose on Tuesday, but still seems stagnant as the trading range is getting quite tight. The market looks quite content here, and as such, we are not trading this pair at the moment. We don’t...
The USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a bullish scenario....
Not much of a change on this pair which continues to consolidate on top of its key support at 80,00. The setup is constructive with a momentum building nicely.
The Cable remains under pressure below its daily 20 descending moving average. A break below 1,60 exposes 1,59 with a risk for additional decline.
The Euro continues to consolidate ahead of the ECB rate interest tomorrow. We have seen fresh downside pressure yesterday after Moody’s came out slashing Portugal’s rating on risks that the country may need additional aid.
Greetings. Let’s take a look at the USD/CHF hourly chart. We’ve been in a steady downtrend and it looks like our down trend will potentially continue.
Market Review – 05/07/2011 21:40 GMT Euro tumbles after Moody’s cut Portugal’s credit rating to junk The single currency declined sharply on Tuesday after Moody’s Investors Service downgraded Portugal’s credit rating to junk, igniting renewed fears over...
Comments of the S&P agency regarding the Greek default pressured the euro.
07/05/2011 18:22 UTC NZD swings lower as it weakens against the USD, JPY, AUD, GBP and CHF. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
