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Weekly Technical Analysis: 04/12/2017 – USD/CHF, GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD

 

 

USD/CHF

The USDCHF pair tested the correctional bearish channel’s resistance that appears on the chart and kept its stability below it, accompanied by witnessing clear negative signals through stochastic, which supprots the chances of bouncing bearishly to resume the bearish bias in the upcoming sessions, waiting to test 0.9800 level.

Therefore, we suggest witnessing negative trading on the intraday and short term basis, and breaking 0.9800 will push the price to head towards 0.9730 direct, while the expected decline will remain valid unless the price managed to breach 0.9892 and hold with a daily close above it.

Expected trading range for today is between 0.9750 support and 0.9900 resistance.

USD/CHF, December 05

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USD/CHF, December 05

Source: economies.com - Click to enlarge

GBP/USD

GBP/USD with Technical Indicators, December 04

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GBP/USD with Technical Indicators, December 04

- Click to enlarge

EUR/GBP

 

EUR/GBP with Technical Indicators, December 04

(see more posts on EUR/GBP, )
EUR/GBP with Technical Indicators, December 04

- Click to enlarge

GBP/JPY

 

GBP/JPY with Technical Indicators, December 04

GBP/JPY with Technical Indicators, December 04

- Click to enlarge

GBP/CAD

GBP/CAD with Technical Indicators, December 04

GBP/CAD with Technical Indicators, December 04

- Click to enlarge

 

Andreas Georgiou

I’m currently an Investment Analyst at TradingPoint (XM), a retail broker. The role entails operating as a sell-side research analyst. My focus is on currencies and increasingly -as of late July 2017 that the firm enhanced its equity offerings- on stocks. I also monitor commodities, predominantly oil and gold.

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