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Weekly Technical Analysis: 21/05/2018 – USD/JPY, EUR/USD, GBP/JPY, USD/CAD, USD/CHF

 

USD/CHF

The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850.

Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally upwards to breach 1.0055 level and hold above it.

Expected trading range for today is between 0.9880 support and 1.0000 resistance.

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USD/CHF, May 22

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USD/CHF, May 22

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USD/JPY

USD/JPY with Technical Indicators, May 21

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USD/JPY with Technical Indicators, May 21

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EUR/USD

EUR/USD with Technical Indicators, May 21

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EUR/USD with Technical Indicators, May 21

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GBP/JPY

GBP/JPY with Technical Indicators, May 21

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GBP/JPY with Technical Indicators, May 21

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USD/CAD

USD/CAD with Technical Indicators, May 21

USD/CAD with Technical Indicators, May 21

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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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