USDCHF’s uptrend from 0.8931 extends to as high as 0.9872. The uptrend could be expected to continue over the next several days, and next target would be at 1.0000. Support is now at 0.9700, only break below...
Technical analysis for 11.07
Market review for 09.07.12: The Euro-Zone Sentix Investor Confidence index fell in July to the -29.6 points value. Asian and European trading sessions:
Market review for 2 – 6.07.2012
Continuing from last Thursday’s trend when the Europeans and the Chinese cut their bank rates, and the Brits commenced another £50B of quantitative easing, Friday’s numbers continued bearish. Most significant were the US employment numbers.
USDCHF breaks above 0.9769 previous high resistance, suggesting that the uptrend from 0.8931 has resumed. Further rise could be expected next week, and next target would be at 1.0000 area. Key support is now located at 0.9421,...
Technical analysis for 5.07
USDCHF stays in a trading range between 0.9421 and 0.9769. Support is at 0.9421, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.8931, another rise...
The negative results of the auctions on Italy’s and Spanish bonds pressured the Euro currency. Asian and European trading sessions:
The market participants expect the negative outcome of the upcoming EU