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Weekly Technical Analysis: 13/11/2017 – USDCHF, USDJPY, EURUSD, GBPUSD, EURGBP

USD/CHF

The USD/CHF pair broke the bullish channel’s support line strongly and settled below it, to start bearish correction for the rise measured from 0.9420 to 1.0038, as the price started the breaking process to 23.6% Fibonacci correction level at 0.9892, hinting that the decline will extend towards 0.9800 areas in the upcoming sessions.

Therefore, the bearish trend will be suggested for today, supported by the negative pressure formed by the EMA50, taking into consideration that the expected decline will remain dominant unless the price managed to breach 0.9910 followed by 0.9955 levels and hold above them.

Expected trading range for today is between 0.9800 support and 0.9940 resistance.

 

USD/CHF, November 15

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USD/CHF, November 15

Source: economies.com - Click to enlarge

USD/JPY

USD/JPY with Technical Indicators, November 13

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USD/JPY with Technical Indicators, November 13

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EUR/USD

EUR/USD with Technical Indicators, November 13

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EUR/USD with Technical Indicators, November 13

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GBP/USD

GBP/USD with Technical Indicators, November 13

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GBP/USD with Technical Indicators, November 13

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EUR/GBP

EUR/GBP with Technical Indicators, November 13

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EUR/GBP with Technical Indicators, November 13

- Click to enlarge

 

Raffi Boyadjian
Raffi graduated from the London School of Economics in 1999 with a BSc in Business Mathematics and Statistics. Following graduation, he joined PricewaterhouseCoopers in the Business Recoveries team, where he was responsible for handling the process lifecycle of companies in liquidation.
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