Search Results for: Swiss banks
USD/CHF heads towards 0.865
April 10th, 2014
Pair’s Outlook The bearish tendency of USD/CHF does not seem to be anyhow affected by the supports it violated during the past three days. Consequently, the pair is likely to continue developing the bearish wave within the 12-month falling ...
USD/JPY plummets to 102
April 9th, 2014
Pair’s Outlook Stabilisation of USD/JPY near 102.72/66, as was expected yesterday, did not turn out to be the case. Instead, the exchange rate fell more than 100 pips and found support only near the 38.2% retracement of the November-December ...
GBP/USD skyrockets
April 9th, 2014
Pair’s Outlook None of the nearby resistances proved to be strong enough to prevent GBP/USD from soaring yesterday. Both the 55-day SMA and monthly PP were effortlessly pierced through, leaving a nine-month up-trend open to attack. And while for ...
EUR/USD extends rally to monthly PP
April 9th, 2014
Pair’s Outlook The 55-day SMA failed to contain bullishness of the common currency yesterday. As a result, EUR/USD is now testing the monthly pivot point at 1.3815, which guards the main resistance area near 1.39. The latter level is ...
USD/CHF capped by 0.8940/23
April 8th, 2014
Pair’s Outlook A resistance zone at 0.8940/23, mainly formed by the monthly R1 and 100-day SMA, proved to be tough yesterday by throwing USD/CHF beneath the 2012 lows at 0.89. Now, if the 55-day SMA fails to underpin the ...
USD/JPY to face 102.72/70
April 8th, 2014
Pair’s Outlook It seems that the 100-day SMA will be insufficient to stop the U.S. Dollar from falling lower. However, there is a formidable support level at 102.72/70 (consisting of the monthly PP, weekly S1 and 20-day SMA) and ...
EUR/USD turned around ahead of monthly S1
April 8th, 2014
Pair’s Outlook As it turned out, EUR/USD did not carry on with the decline. Instead, it bounced off the 100-day SMA despite the bearish daily technicals and recovered back to the 55-day SMA. If this resistance is breached, as ...
USD/CHF stalls at 0.8918
April 7th, 2014
Pair’s Outlook After USD/CHF had broken the resistance near 0.89 (down-trend line and 2012 lows), the pair seems to have lost its bullish momentum. The monthly R1 and 100-day SMA at 0.8928/24 now act as a ceiling and may ...
USD/JPY pares recent gains
April 7th, 2014
Pair’s Outlook Despite a fairly strong report on Friday the bulls did not manage to push USD/JPY through 104. The pair has already dipped through the support at 103.41/34 and it is currently testing the 100-day SMA. If the ...
GBP/USD inclined to move south
April 7th, 2014
Pair’s Outlook GBP/USD fell below a series of supports during the last five trading days, including the monthly PP and 55-day SMA. Accordingly, given that there are no dense demand zones nearby, the Sterling is expected to carry ceding ...
