USD/CHF is posting a weekly gain of 1.86%, the biggest since June 2022. A break above 0.9600 could pave the way for 0.9700. The USD/CHF It is advancing for the sixth consecutive day, thanks to the strength of the US dollar in general, after breaking above the 20-day EMA at 0.9532 on Thursday. During the […]
Tag: SupportResistance
USD/JPY Price Analysis: Break of 135.55 is key for further upside
USD/JPY is showing a three-day uptrend, settling around the weekly high. The sustained break of the monthly resistance line and the bullish signal from the MACD favor the buyers. The bears should wait for the confluence of the ascending triangle for conviction. The USD/JPY it has recovered about 65 pips from the Asian session low […]
USD/CHF: Recovers but remains below the 200 DMA
USD/CHF will end the week with losses of 2.05%. From a daily chart perspective, the major is to the downside as sellers target the 31 Mar low below 0.9200. Despite a positive divergence on the hourly chart, USD/CHF broke through the 200 DMA, but sellers piling on the 200 DMA dragged the pair lower. The […]
AUD/USD Price Analysis: Inverted Head and Shoulder Pattern Confirmed, Targets 0.7440
AUD/USD is poised to finish at fresh nine-week highs, buoyed by improved risk appetite. On the daily chart, an inverted head and shoulders points to the 0.7440 area as a profit target. AUD/USD buyers are looking for a break above the 200 DMA with a target of 0.7440. The AUD/USD advances for the third day […]
EUR/JPY Price Analysis: Sinking sharply below 137.00 as risk appetite improves
The EUR/JPY daily chart forms a bearish candlestick pattern with bearish implications. In the short term, the EUR/JPY could provide momentum before extending the downtrend. The EUR/JPY slumped on Wednesday as risk momentum spurred on by lower US inflation data, dispelling the Federal Reserve’s need for aggressive tightening. The reaction was that the US 10-year […]
GBP/USD Price Analysis: Pulls back from daily highs, steady around 1.2080
GBP/USD trims some of last Friday’s losses but remains stuck between the 20-50 DMA. The daily chart shows the pair in a descending channel as sellers watch the 20-day EMA. The GBP/USD 4-hour chart shows the pair with a neutral bias to the downside and could test the 1.2000 figure in the near term. The […]
EUR/USD Price Analysis: Falling to familiar levels above the 20-DMA
EUR/USD breaks two consecutive weeks of gains and falls 0.42%. The common currency is trendless, within the range of 1.0096-1.0278. From a daily chart point of view, EUR/USD could test the low of 1.0096 before retesting recent years’ lows below parity. The EUR/USD slumps late at the close on Wall Street, down 0.62%, hit by […]
USD/CHF Price Analysis: Sellers have approached the 100 DMA, aiming to break 0.9470
USD/CHF drop below the 100 day EMA could pave the way for a retest of 0.9470. In the short term USD/CHF is neutral to the downside and once it breaks above 0.9550 it could open the door towards 0.9500. The USD/CHF pulls back below the 100-day EMA and changes the pair’s bias to neutral-bearish as […]
EUR/USD Price Analysis: The pair remains within the 1.0100-1.0260 range since July 22
EUR/USD will end the week almost sideways, gaining 0.05%. The daily chart of the shared currency is neutral to the downside, but the hourly chart is neutral to the upside. EUR/USD Price Analysis: Daily Close Above 1.0200 Could Pave Way To 1.0300; otherwise it could fall towards 1.0096. The EUR/USD is quoting at 1.0220, after […]
USD/CHF Price Analysis: Drops to fresh 4-week lows as sellers eye the 200 DMA
The USD/CHF is preparing to end the week with significant losses of 1.01%. From a daily chart perspective, USD/CHF has turned into a neutral-bearish bias. The USD/CHF hourly chart reinforces the daily bias as sellers target a break below 0.9495 on their way to the 200 DMA. The USD/CHF falls for the fourth consecutive day […]