USDCHF Analysis – August 21, 2010
USDCHF broke below 1.0331 support and the fall from 1.1730 extends to as low as 1.0257. As long as 1.0675 key resistance holds, further decline is still possible and next target would be at 1.0200 area, only...
Tag: USDCHF
Major Currencies’ Morning Report 20/ August /2010
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
Major Currencies’ Morning Report 19/ August /2010
EURUSDThe pair was able to breach 1.2830 and stabilize below it and thereby activating yesterday’s suggested bearish direction; therefore, we can expect a bearish intraday trend targeting first the breach of the vital support for the short term...
Major Currencies’ Morning Report 17/ August /2010
EURUSDThe pair continued fluctuating around pivotal 1.2830, accompanied by the stochastic entering overbought areas and therefore pointing to chances of resuming the expected bearish overall direction this week. From here, we expect a bearish intraday trend that targets...
Major Currencies’ weekly Report 16/ August /2010
EURUSDThe pair succeeded at achieving a sharp descend, where it has halted at pivotal support 1.2730 that represents the suggested neckline for the bearish technical pattern, which could help resume more bearish movement on the short run....
Will The Dollar Rally Last?
EURUSD: For the first time since the EUR rally began in early June, the EUR has fallen hard through trend line Support. We know that major Resistance sat at 1.30, however, when the EUR fell through trend...
USDCHF Analysis – August 15, 2010
USDCHF is forming a cycle bottom at 1.0331 level on daily chart. Range trading between 1.0331 and 1.0675 is expected in a couple of weeks. Key resistance is at 1.0675, above this level could indicate that the...
Major Currencies’ Morning Report 13/ August /2010
EURUSDThe pair is finding difficulty in breaching 1.2830 the pivotal support from the positivity of momentum indicators that have started to gradually lose bullish momentum, thereby pointing to near chances of resuming more negative pressure on the...
Major Currencies’ Morning Report 12/ August /2010
EURUSDThe pair has sharply descended since yesterday touching 61.8% Fibonacci correction around 1.2830 and rebound to the upside calmly, due to the positive effect of momentum indicators. We expect a breach of the previous bullish channel that...
Dollar On The Cusp Of A Comeback?
EURUSD: After struggling to cross major Resistance at 1.30, the EUR after a week and half retreated back below 1.30. The EUR will look to find Support at the 100 day MA. However, a solid close below...