Tag Archives: USD/CHF
FX European Market Analysis
The EUR extended a slide in European trading hours Friday and the AUD continued a pullback from Wednesday’s six-month high against the dollar, as weary investors booked profits on positive currency bets and fears re-emerged over Greece’s ability to stave off a default.
FX Market Technical Research
EUR/USD remains at the top of the 1.3280 range, leaving the dilemma over direction STILL unresolved. This move can be perceived as either a return to point of break out from the previous uptrend (see weekly chart on the next slide) or a break higher from a bull flag pattern.
USD/CHF Technical Analysis
(0,9095) The USD/CHF confirmed in the last hours further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow. It just broke below 0,9100 suggesting a test of our s/t target at 0,9077 with even a possible undershooting toward 0,9050.
FX Market Technical Research
EUR/USD is right at the top of the 1.3280 range, this represents a return to point of break out from the previous uptrend (see weekly chart on the next slide). However the move yesterday looks directional and that the market appears to be breaking higher from a bull flag pattern.
USD/CHF Technical Analysis
(0,9113) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. A daily closing below 0,9100 will support a deeper correction toward 0,9077 our s/t target with even a possible undershooting toward the 200 days line.
USD/CHF Technical Analysis
(0,9188) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. Only a daily closing above 0,9265 will support a resumption of the move up.
European FX Daily – RBA boosted AUD
– AUD surged as RBA unexpectedly kept rates on hold at 4.25% – BoJ performed stealth intervention in USDJPY in Q4 2011 – German output likely to surprise stronger – We recommended buying USDCHF in cash and options as euro risks rise
FX Market Technical Research
EUR/USD near term trading is limited to 1.3000-1.3250/80. We wait a break from here to determine the short term direction. We remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November.
A monthly run through the long-term charts
MAJORS FX: The dollar index violated a medium-term important “B-wave high” at 81.44 and this points closer to prior tops at ~89, but the bullish move wasn’t sustained and the low monthly close somewhat dilutes a bullish stance.
FX Market Technical Research
EUR/USD charted an inside day to leave our outlook unchanged – we remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November. However chart action at this juncture is not at all clear.
USD/CHF Technical Analysis
(0,9175) The USD/CHF confirmed further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. Only a daily closing above 0,9265 will support a resumption of the move up.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Bearish “outside” pattern back from topping resistance at 79.50/70 leaves risk now to our correction target at 78.30/77.90 · EURUSD: Topping questioned, but whilst below 1.3235/44 prior support violations leave risk lower to 1.3026 (recent low/13-day EMA) and on to 1.2931 next