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Weekly Technical Analysis: 11/12/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, Gold

 

 

USD/CHF

The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame.

Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop the expected rise and turns the price back to its bearish correctional track.

Expected trading range for today is between 0.9870 support and 1.0000 resistance.

USD/CHF, December 12

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USD/CHF, December 12

Source: economies.com - Click to enlarge

USD/JPY

USD/JPY with Technical Indicators, December 12

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USD/JPY with Technical Indicators, December 12

- Click to enlarge

EUR/USD

EUR/USD with Technical Indicators, December 12

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EUR/USD with Technical Indicators, December 12

- Click to enlarge

GBP/USD

GBP/USD with Technical Indicators, December 12

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GBP/USD with Technical Indicators, December 12

- Click to enlarge

Gold

Gold with Technical Indicators, December 12

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Gold with Technical Indicators, December 12

- Click to enlarge

 

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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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