USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989
The USD/CHF pair, after trading within a range of 0.8400 to 0.8550 through late August and October, transitioned from consolidation…
Category: Technical Analysis
European shares close higher despite weak data today
The major European indices are closing the day higher despite what was weak flash European PMI data for both manufacturing…
Attack the currency trend: The EURUSD has been stepping lower with more selling today
The EUR/USD pair continued its downward trend today, extending a week-long selloff as bearish momentum carried the price through key…
USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart
The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving…
AUDUSD trading near the middle of the range for the week. Some ST bullish.Some ST bearish.
The AUDUSD opened the week below a swing area between 0.6471 and 0.6479. On Monday the price moved above that…
What technical levels are in play for some of the major currencies vs the USD for Nov 22
The European data was yucky (if I can use a favorite word of my grandson). All the data from German…
EURUSD Technical Analysis – The Euro falls to the lowest level since 2022
Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained…
USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs
Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained…
USDJPY Technical Analysis – We continue to range around key levels
Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market awaits new…
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted: USDCHF: The USDCHF held resistance at the 100-hour moving average yesterday (blue line on the chart…