Search Results for: Swiss Banks
EUR/USD bounced off 1.3958
May 9th, 2014
Pair’s Outlook Soon after touching upon the up-trend resistance and monthly R1 at 1.3958 EUR/USD came under strong selling pressure, which returned the currency pair back below 1.39. Now the exchange rate is attempting to stabilise at 1.3845/29 (weekly ...
USD/JPY underpinned by 200-day SMA
May 8th, 2014
Pair’s Outlook As many of the supports have already given up, it is now 200-day SMA’s task to revive a bullish momentum of USD/JPY. For now the moving average seems to be successful at keeping the exchange rate afloat. ...
GBP/USD confirms tough resistance at 1.70
May 8th, 2014
Pair’s Outlook Judging by the currency pair’s behaviour near 1.70 yesterday, the resistance created by the 2009 highs and monthly R1 will be difficult to breach. But if the Pound continues to appreciate despite this supply area, the next ...
GBP/USD records 100+ pip rally
May 7th, 2014
Pair’s Outlook Despite the different directions implied by the various technical indicators, GBP/USD soared through the nearest resistances and reached the 2009 highs at 1.70. Since this level is likely to be a tough obstacle (reinforced by the monthly ...
EUR/USD breaks major resistance at 1.39
May 7th, 2014
Pair’s Outlook Instead of declining from 1.39, a multi-year down-trend, the Euro notably appreciated, as was suggested by the technical indicators. Considering that the signals remain strongly positive, the rally may extend further, at least up to the rising ...
USD/CHF rebounds from 0.88
April 30th, 2014
Pair’s Outlook Since USD/CHF closed beneath the monthly PP and 55-day SMA, it was expected to extend the losses. However, it turned around ahead of the weekly S2 at 0.8764 and decided to return to the down-trend line at ...
USD/JPY unable to breach monthly PP
April 30th, 2014
Pair’s Outlook USD/JPY seems to have once again failed at 102.72/56 (monthly PP and 100-day SMA), thereby calling into question the currency pair’s ability to recover in the long run. Still, being that the key supports remain intact, such ...
EUR/USD plummets from 1.39
April 30th, 2014
Pair’s Outlook As soon as EUR/USD approached 1.39, it was immediately sold off down to the support are around 1.38, which consists of the monthly PP and 55-day SMA. And while this may potentially alleviate the downward pressure due ...
USD/CHF bounced off 0.8824/13
April 29th, 2014
Pair’s Outlook There was only a brief rally yesterday during which USD/CHF closed a bearish gap—nothing critical was altered by this behaviour of the pair. The bias therefore remains negative and it implies a decline down to the 2011 ...
USD/JPY to re-test 100-day SMA
April 29th, 2014
Pair’s Outlook The strong upward impulse seen yesterday confirmed that USD/JPY still deserves a bullish outlook. Now the pair is facing the 100-day SMA and monthly PP. Last week this supply area prevented further appreciation of the U.S. Dollar ...
