USD/CHF Technical Strategy: FlatSupport: 1.0118, 1.0010, 0.9902Resistance: 1.0185, 1.0239, 1.0293 The US Dollar continues to push higher against the Swiss Franc, with buyers extending the advance for a fifth consecutive day. Near-term resistance is at 1.0185, the 138.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 150% level at 1.0239. Alternatively, a reversal below the 123.6% Fib at 1.0118 clears the way for a challenge of the 100% expansion ...
Talking Points: USD/CHF Technical Strategy: FlatSupport: 0.9554, 0.9391, 0.9259Resistance:0.9654, 0.9723, 0.9817 The US Dollar turned lower against the Swiss Franc as expected having found resistance near the 0.9800 figure. Near-term support is at 0.9554, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 0.9391. Alternatively, a turn above the 14.6% Fib at 0.9654 opens the door for a challenge of wedge ...
USD/CHF Technical Strategy: Longat 0.9452Support: 0.9541, 0.9441, 0.9359Resistance:0.9658, 0.9741, 0.9815 The US Dollar declined against the Swiss Franc as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. A daily close below 0.9541-64 area marked by a rising trend line and a falling channel bottom exposes the October 29 low at 0.9441. Alternatively, a reversal above the channel top at 0.9658 clears the way for a test of the November 7 high at 0.9741. ...
EURUSD and USDCHF fail to confirm USDOLLAR moveUSDJPY at upper median line parallelAUDUSD follows through on last Friday’s reversal EUR/USD Weekly -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications ...
Price & Time Analysis: USD/JPY USD/JPY traded at its highest levels since December of 2007 earlier todayOur near-term trend bias is higher in USD/JPY while above 113.15The 200% extension of the October decline near 115.00 in the next important resistance zoneA minor turn window is seen early next weekA daily close under 113.15 would turn us negative ...
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