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Weekly Technical Analysis: 18/12/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, EUR/CHF

 

 

USD/CHF

The USDCHF pair traded with clear negativity yesterday to break 0.9892 level and settles below it, which stops the recently suggested positive scenario and put the price within the correctional bearish track again, noting that there is a bearish pattern that its signs appear on the chart, which means that breaking its neckline at 0.9840 will extend the pair’s losses to surpass 0.9800 and reach 0.9730 as a next station.

Therefore, we expect the domination of the bearish trend in the upcoming sessions unless the price managed to breach 0.9892 level and hold with a daily close above it.

Expected trading range for today is between 0.9770 support and 0.9900 resistance.

 

USD/CHF, December 19

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USD/CHF, December 19

Source: economies.com - Click to enlarge

USD/JPY

 

USD/JPY with Technical Indicators, December 19

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USD/JPY with Technical Indicators, December 19

- Click to enlarge

EUR/USD

EUR/USD with Technical Indicators, December 19

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EUR/USD with Technical Indicators, December 19

- Click to enlarge

GBP/USD

GBP/USD with Technical Indicators, December 19

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GBP/USD with Technical Indicators, December 19

- Click to enlarge

EUR/CHF

EUR/CHF with Technical Indicators, December 19

(see more posts on EUR/CHF, )
EUR/CHF with Technical Indicators, December 19

- 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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