U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
Market review for 25 – 29. 04, 2011
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8626. Further fall could be expected next week, and next target would be at 0.8500 area. Resistance is at 0.8800, as long as...
Wall Street closed in green territory Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average closed up 72.35, or...
The USD/CHF fell again today, but rose from the bottoms – a place that matched the all0time lows made a few days ago. The pair still looks very weak, and any rallies should be sold. The 0.8650...
S&P Credit agency reduced the credit rating of Japan to negative level.
The USD/CHF pair had a bizarre day today, first shooting higher – only to fall again. While this only proves the inherent weakness in this pair, trading this pair on the short-term charts was probably a very...
With no Interest Rate by the Fed hike yesterday, the U.S Dollar tumbles to make a new low. The Greenback continued to loose against all the major pair except against the Japanese Yen. Breach of 74.00 ranges...
Greetings. Let’s pull up the USD/CHF hourly chart. We’re in a downward channel and it looks like there is still quite a bit more room for downward movement with this currency pair.
