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 ...
Talking Points: USD/CHF Technical Strategy: Long at 0.9068Support:0.9332, 0.9272, 0.9223Resistance: 0.9429, 0.9526, 0.9586 The US Dollar soared to a 12-month high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern. A daily close above the 100% Fibonacci expansion at 0.9429 exposes the 123% level at 0.9526. Alternatively, a reversal back belowthe 76.4% Fib at 0.9272 opens the door for a test of the61.8% expansionat ...
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