USD/CHF rose during the session on Monday as the markets bounced in the Dollar’s favor. The 0.91 level acted as support, and as a result we saw traders step in at that area.
The Dollar Index tried to trade strong during the Asian session and the European session but continued last week’s fall after the Dow Industrials recovered from the lows during mid New York trade. It is trading near...
Market review for 23 – 27.01, 2012
The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
USD/CHF fell on Friday as traders continued to sell the Dollar in general. The pair has seen a brutal selloff lately, and the breaking below of the hammer from Thursday is indeed a very bearish sign.
USDCHF broke below 0.9244 key support, suggesting that a cycle top has been formed at 0.9594 on daily chart, and the rise from 0.8569 has completed. Further decline is expected in a couple of weeks, and the...
USD/CHF fell during the Thursday session as the Dollar got sold against many currencies around the world. The later hours saw a bounce though, and the resulting candlestick formed a hammer.
After the US Dollar lost across the board on the event of no change in the interest rate, most of the appreciated as result, currently the Green back is trading sideways. The medium trend is bullish till...
The Bank of Japan lowered the forecast of the economic growth for next year
USD/CHF rose slightly in an otherwise quiet session on Tuesday. The pair is currently sitting on a massive support area in the form of the 0.92 – 0.93 handles. The candle for the session resulted in a...