|Day's Range||1.022 - 1.024|
|52 Week Range||0.96783 - 1.06138|
This is the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has had a bearish start of the week, now trading between R1 of 1 1780 and S1 of 1 1750. Standing near a 20 day moving average, R2 sees 9 confirmations, and the lowest resistance line has … Continue reading Tuesday Support and Resistance Levels – October 17, 2017
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near-term support is at 0.9704, a breakdown below this level could trigger another fall towards 0.9564. However, the fall from 0.9836 would possibly be a correction … Continue reading USD/CHF Is Now In Uptrend From 0.9420
Over the past few months, the US Dollar (USD) has been exhibiting a change in character from its previous tone throughout the first half of 2017. In particular, the bearish downtrend that was in place through September 2017 may be at a turning point based upon recent price action coupled with underlying technical strength. Near-term … Continue reading Is the US Dollar Set to Rally?
It’s a new trading week, and the team is back with another Support and Resistance Report. Euro/Dollar has the closest levels of 1 1820 in resistance and 1 1780 in support. R1 is a 20 day moving average with 7 studies, and R2 is a 50 day moving average with 5 models. R3 is confirmed … Continue reading Monday Support and Resistance Levels – October 16, 2017
It’s time for this week’s last edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out today. Euro/Dollar has been trading sideways and the pair has R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by a 50 day moving average and 5 … Continue reading Friday Support and Resistance Levels – October 13, 2017
USD/CHF Following its failure to surpass 200-day SMA, the USDCHF dropped to week’s low; however, the 0.9700 round-figure triggered the pair’s pullback which presently helps it to aim for 0.9770 and the 0.9805 nearby resistances. Given the pair’s ability to surpass 0.9805, the 0.9820-30 region, comprising the said SMA, becomes crucial for traders to watch, … Continue reading Technical Overview Of USD/CHF, GBP/CHF, NZD/CHF & CAD/CHF: 12.10.2017
Markets move in a sideways trend waiting for today’s FOMC. Even with that, we can still spot few interesting trading occasions on the charts. First, we will start with the USDCHF where we do have a false breakout of the down trendline and the 38,2% Fibonacci resistance. What is more, the price recently created a … Continue reading False Breakouts Show the Direction
The Backstory Tensions have been recently rising in Spain, particularly in the run-up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it. The day of the referendum was a particularly eventful one, as the Spanish government tried hard to prevent it … Continue reading Will the Catalonia Effect Sink the EUR?
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has gained some ground and now stands between R1 of 1 1780 and S1 of 1 1750. The lowest resistance line has found 8 matches, and R2 counts a 50 day moving average among its 3 studies. … Continue reading Tuesday Support and Resistance Levels – October 10, 2017
Good Monday morning, the team is here with this week’s first Support and Resistance Level Report. Euro/Dollar is currently trading in the range limited by R1 of 1 1760 and S1 of 1 1730. The lowest resistance line sees 15 confirmations, and R2 is a 50 day moving average with 2 models. Standing at a … Continue reading Monday Support and Resistance Levels – October 09, 2017
You’re watching this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar lost some ground yesterday and now stands between R1 of 1 1720 and S1 of 1 1680. The lowest resistance line has found 7 matches. R3 is confirmed by Price Channel Indicator Upper Line, a 2 year … Continue reading Friday Support and Resistance Levels – October 06, 2017
You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1790 and S1 of 1 1760. R3 counts a psychological level among its 6 studies, and a 50 day moving average is among the 5 models … Continue reading Friday Support and Resistance Levels – September 29, 2017
The USD/CHF pair bounced above 0.9669 the barrier as the downside attempts were repeatedly contained by strong support provided by top of thickening four-hour cloud reinforced by rising 50SMA. Near term techs regained bullish momentum on fresh rally, with probe above important 0.9698 resistance zone expected to generate fresh bullish signal on firm break above … Continue reading Morning Market Update – USD/CHF
EUR/USD Having witnessed a short-lived break of 1.2000 psychological magnet, the EURUSD finally dropped below more than five-month old ascending trend-line on Monday. Not only that, the pair continued extending its decline on Tuesday and conquered the 50-day SMA, which in-turn opens the door for its further downturn towards 1.1730 and then to the 1.1700 … Continue reading Technical Update For EUR/USD, AUD/USD, NZD/USD & USD/CHF: 26.09.2017