Search Results for: Swiss
EUR/USD set to decline to 1.37
April 16th, 2014
Pair’s Outlook At the moment EUR/USD is testing the support at 1.3816/15 represented by the monthly and weekly pivot points. If this level is breached, the next significant concentration of demand is expected to be at 1.3787—20 and 55-day ...
Nestle sales up despite slack prices in Europe
April 15th, 2014
Food company Nestle SA says sales rose 4.2 percent in the first quarter despite deflationary price pressures in Europe. The Switzerland-based maker of Lean Cuisine, Nespresso and Haagen-Dazs said Tuesday that sales of 20.8 billion Swiss francs were held ...
USD/CHF rises to monthly pivot point
April 15th, 2014
Pair’s Outlook Despite the bearish outlook implied by the weekly and monthly technical studies, USD/CHF turned around ahead of the monthly S1 and it is now challenging the monthly PP. In case this resistance fails to contain the pair, ...
USD/JPY confirms support at 101.29/19
April 15th, 2014
Pair’s Outlook The support area around the level of 101.29/19 proved to be of great significance to the market, as it has once again prevented further depreciation of the U.S. Dollar. Now, after a small rebound, USD/JPY faces a ...
GBP/USD may re-test Feb high
April 15th, 2014
Pair’s Outlook Though the Cable has just encountered the Feb high, the sell-off from this level turned out to be short-lived. Accordingly, if the weekly PP at 1.6704 stays intact today, there will be an elevated chance of a ...
EUR/USD probes monthly PP
April 15th, 2014
Pair’s Outlook EUR/USD did not manage to close a downside gap yesterday, instead at the moment it gravitates towards the monthly pivot point at 1.3815. Additional support is at 1.3789/83, created by the 20 and 55-day SMA. But the ...
USD/CHF targets down-trend at 0.863
April 14th, 2014
Pair’s Outlook After an explicitly bearish week there is a fairly high chance of a correction. But even if it does take place, the rally is unlikely to drag on for long, considering there are tough resistances at 0.8813/12 ...
USD/JPY struggles to rally
April 14th, 2014
Pair’s Outlook In order for USD/JPY to preserve a bullish bias, it is required to rebound from 101.27/19, the key support area that consists of the rising trend-line, 200-day SMA and 50% retracement of the November-December up-move. However, for ...
GBP/USD finds support at 1.67
April 14th, 2014
Pair’s Outlook Although GBP/USD received a strong bearish impetus after a test of the February’s high, today the currency pair is not keen on declining, as it seems to have found support at 1.6704 (weekly PP). Nevertheless, the downside ...
EUR/USD starts weak with bearish gap
April 14th, 2014
Pair’s Outlook Friday’s price action and a large downside gap confirmed an assumption that there is a formidable resistance area between 1.39 and 1.395. Accordingly, while there could be a rally today in order to cover the distance between ...
