USD/CHF Technical Analysis for July 29, 2011
The USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks.
Tag: USDCHF
USD/CHF Analysis (July 29)
The pair continues to consolidate near the psychological level at 0,80. The pressure remains on the downside and we might see additional decline going forward particularly if a break is confirmed below 0,80.
29th July, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of 12300;...
USD/CHF Technical Analysis July 28, 2011
The USD/CHF pair had a quiet day Wednesday, finishing basically unchanged as the market is currently sitting just above the 0.80 level. The pair is extraordinarily weak, and this chart does nothing to dispute that trend.
USD/CHF Analysis (July 28)
The pair continues to consolidate on top of the psychological level at 0,80.
28th July, 2011 – Daily Forex Report by GFM Research
The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...
27th July, 2011 – Daily Forex Report by GFM Research
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
USD/CHF Analysis (July 27)
The pair has been consolidating yesterday as the market is testing the psychological 0,80 level.
26th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
USD/CHF analysis (July 26)
After one week consolidation, the pair has finally broken through its hostorical low which. The market is now testing the 0,80 level.