The Euro continues its downtrend. The U.S. economic stats contributed to the increase of U.S. Dollar.
USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the...
U.S. Dollar advances against the major currencies.
Market review for 7 – 11.11, 2011
USD/CHF rose during the Monday session as the world bought the US Dollar in general to avoid risk. The situation in Europe is still far from resolved, and the Franc is being worked against by the Swiss...
Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
The Dollar Index again corrects from 78.00 ranges, resulting in appreciation of most of the asset classes especially the key equity index of the Dow Industrials (DJIA). Medium-term trend is range between 77.80 and 76.40. Immediate resistance...
The USD/CHF pair fell a bit on Friday, but managed to find support at the 0.9000 level. The resulting candle was a hammer, and the market looks like it is ready to perhaps rise again.
USDCHF’s upward movement from 0.8569 extended to as high as 0.9148. Further rise towards 0.9314 is still possible next week. However, the rise is treated as correction of downtrend from 0.9314, another fall towards 0.7800 would likely...
The USD/CHF pair fell on the Thursday session, but found support at the 0.9000 level. The pair continues to look healthy, and the 0.9000 level holding as support is a good sign for bulls in this marketplace.