The USDCHF pair breached 0.9675 level and closed the daily candlestick above it, to open the way to achieve more rise in the upcoming sessions, paving the way to head towards 0.9790 as a next main station. Therefore, the bullish trend will be suggested, supported by the EMA50, noting that breaking 0.9675 and holding below it will push the price to test 0.9581 level before determining the next trend clearly.
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Tag Archive: usd/cad
Weekly Technical Analysis: 02/04/2018 – Gold, WTI Oil Futures, GER30 Index, USD/JPY
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.
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Weekly Technical Analysis: 26/03/2018 – USD/JPY, EUR/USD, GBP/USD, AUD/JPY, GBP/JPY, USD/CHF
The USDCHF pair provided negative trades after 0.9488 proved its strength against the recent positive attempts, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that pushes negatively on the price, waiting to test 0.9373 initially.
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Weekly Technical Analysis: 19/03/2018 – USD/JPY, EUR/USD, GBP/USD, NZD/USD, USD/CHF
The USDCHF pair leaned well on 0.9488 level to resume its positive trading, on its way towards our first waited target at 0.9581, as the price moves inside bullish channel that appears on the above chart, supported by the EMA50 that protects trading inside this channel, noting that breaching the targeted level will extend the pair’s gains to reach 0.9675.
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Weekly Technical Analysis: 12/03/2018 – USDJPY, EURUSD, GBPUSD, Gold
The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially.
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Weekly Technical Analysis: 05/03/2018 – USDJPY, EURUSD, GBPUSD, EURGBP, AUDUSD
The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart.
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Weekly Technical Analysis: 20/02/2018 – USD/JPY, EUR/USD, GBP/USD, USD/CAD, 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.
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