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Weekly Technical Analysis: 02/04/2018 – Gold, WTI Oil Futures, GER30 Index, USD/JPY

 

 

USD/CHF

The USDCHF pair attempted to breach 0.9581 level yesterday but it returns to move below it now, which keeps the bearish trend scenario valid until now, supported by stochastic move within the overbought areas, waiting to head towards 0.9488 as a first target.

We reminding you that confirming breaching 0.9581 will push the price to visit 61.8% Fibonacci correction level at 0.9675 before any new attempt to resume the general bearish trend.

Expected trading range for today is between 0.9500 support and 0.9640 resistance.

USD/CHF, April 04

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USD/CHF, April 04

Source: economies.com - Click to enlarge

Gold – Daily Chart

Gold - Daily Chart with Technical Indicators, April 02

Gold - Daily Chart with Technical Indicators, April 02

- Click to enlarge

WTI Oil Futures

WTI Oil Futures with Technical Indicators, April 02

WTI Oil Futures with Technical Indicators, April 02

- Click to enlarge

Germany 30 Index – Daily Chart

Germany 30 Index - Daily Chart with Technical Indicators, April 02

Germany 30 Index - Daily Chart with Technical Indicators, April 02

- Click to enlarge

USD/JPY – Daily Chart

USD/JPY - Daily Chart with Technical Indicators, April 02

USD/JPY - Daily Chart with Technical Indicators, April 02

- 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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