|Day's Range||1.165 - 1.161|
|52 Week Range||1.13940 - 1.16112|
USD/CHF It’s been nearly a fortnight since the USDCHF moves are confined within a 105-pip range of 0.9935 to 1.0040. However, pair’s repeated failures to clear the 1.0040, coupled with rising Geo-political uncertainty favoring CHF strength, support more of its downside than the otherwise at least for the short-term. Presently, the 0.9960 and the 0.9950 … Continue reading Important CHF Pairs’ Technical Checks: 08.11.2017
A Technical view of the market with the use of Harmonics Analysis Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals. EURUSD failed at the 50% retrace of the decline from the September … Continue reading EUR Pairs Heavy or at Resistance
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?
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