EUR/CHF: it’s hard for the euro
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
GBP/CHF looks vulnerable
Trade idea
SELL 1.2885; TP 1.2800; SL 1.2915
GBP/CHF found resistance in the 1.3100 area (resistance line connecting July and November highs). Only the support of the 100-week MA/200-day MA in the 1.2900 region keeps the pair from falling down to 1.28 and 1.2710 — 38.2% and 50% Fibonacci retracements of the December-January advance. On D1, 100- and 50-day MAs coincide with these levels as well. In addition, yesterday’s bearish candlestick with long upper wick points at the strength of sellers.
Elizabeth Belugina
Similar
CHF/JPY: how to trade in a range
CHF/JPY has been consolidating within a pennant formation since February.
USD/JPY can test higher levels
There’s a scope for an advance to the 2018 resistance line at 112.80.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
