Majors Currencies’ Midday Report
EURUSD The pair is trading within a relatively narrow range as head a number of attempts to touch the awaited level at 1.2255. The morning scenario remains intact unless four-hour closing is set above 1.2295.
Tag: USDCHF
Major Currencies’ Morning Report
EURUSD The pair was able to breach the pivotal support mentioned yesterday at 1.2310 that has currently turned into resistance descending towards 1.2295, shown above. More bearish movement is expected for today due to stability achieved below breached...
USDCHF Analysis – May 16, 2010
USDCHF continues its upward movement from 1.0434 and the rise extends to as high as 1.1335 level. Support is at 1.1200, as long as this level holds, further rally is still possible and next target would be...
USDCHF Analysis – May 8, 2010
USDCHF’s uptrend from 1.0434 extends to as high as 1.1245 level. Further rally is still possible next week and next target would be at 1.1350-1.1400 area. Key support is at 1.0900, below this level will indicate that...
USDCHF Analysis – May 1, 2010
USDCHF broke above 1.0898 previous high and reached as high as 1.0923 level. Further rally is still possible next week and next target would be at 1.1000 area. Support is now at 1.0700 followed by the lower...
USDCHF Analysis – April 24, 2010
USDCHF breaks above 1.0785 resistance. Further rally towards 1.0898 previous high is still possible next week. As long as this level holds, we’d expect downtrend to resume and another fall to 1.0200 would more likely be seen,...
USDCHF Analysis – April 17, 2010
USDCHF has formed a cycle top at 1.0785 level on daily chart. Fall to 1.0200-1.0300 to reach next cycle bottom is expected in a couple of weeks. Key resistance is now located at 1.0785, only rise above...
USDCHF Analysis – April 10, 2010
USDCHF might be forming a cycle top at 1.0785 level on daily chart and the fall could possibly be resumption of downtrend. Another fall towards 1.0434 would more likely be seen in a couple of weeks. Resistance...
USDCHF Analysis – April 3, 2010
USDCHF broke below 1.0506 key support, suggesting that the uptrend from 0.9917 has completed at 1.0898 already. Drop to 1.0100-1.0200 area would more likely be seen in a couple of weeks. Resistance is now at 1.0750, as...
USDCHF Analysis – March 27, 2010
USDCHF stays above the rising trend line from 0.9917 to 1.0132 and remains in uptrend from 0.9917. As long as the trend line support holds, another rise towards 1.1000 is possible. Key support is now at 1.0506,...