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Weekly Technical Analysis: 20/02/2018 – USD/JPY, EUR/USD, GBP/USD, USD/CAD, USD/CHF

 

USD/CHF

The USDCHF pair approached our waited target yesterday, represented by the bearish channel’s resistance that appears on the above chart, noticing that the price faces good resistance at the EMA50, which forms negative pressure that we expect to push the price to resume its main bearish track again.

Therefore, the bearish bias will be suggested in the upcoming sessions, and the waited targets begin at 0.9254 and extend to 0.9035 after breaking the previous level, noting that breaching 0.9330 will stop the expected decline and push the price to continue rising on the intraday basis.

Expected trading range for today is between 0.9200 support and 0.9350 resistance.

USD/CHF, February 20

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USD/CHF, February 20

Source: economies.com - Click to enlarge

USD/JPY

 

USD/JPY with Technical Indicators, February 20

(see more posts on USD/JPY, )
USD/JPY with Technical Indicators, February 20

- Click to enlarge

EUR/USD

 

EUR/USD with Technical Indicators, February 20

(see more posts on EUR/USD, )
EUR/USD with Technical Indicators, February 20

- Click to enlarge

GBP/USD

 

GBP/USD with Technical Indicators, February 20

(see more posts on British Pound, )
GBP/USD with Technical Indicators, February 20

- Click to enlarge

USD/CAD

 

USD/CAD with Technical Indicators, February 20

USD/CAD with Technical Indicators, February 20

- 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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