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Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

USD/CHF

The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100.

Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000.

Expected trading range for today is between 0.9980 support and 1.0100 resistance.

USD/CHF, May 09

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USD/CHF, May 09

Source: economies.com - Click to enlarge

USD/JPY

USD/JPY with Technical Indicators, May 07

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USD/JPY with Technical Indicators, May 07

- Click to enlarge

EUR/USD

EUR/USD with Technical Indicators, May 07

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EUR/USD with Technical Indicators, May 07

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GBP/USD

GBP/USD with Technical Indicators, May 07

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GBP/USD with Technical Indicators, May 07

- Click to enlarge

Gold

 

Gold with Technical Indicators, May 07

Gold with Technical Indicators, May 07

- 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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