|Day's range||0.989 - 0.991|
|52-week range||0.9422 - 1.0332|
Wednesday is a FED day and all investors are waiting for the rate decision, statement and the economic projections from the FOMC. Obviously, all that is based on the technical analysis and it all can be easily canceled and declined by the FOMC. The support line is under the pressure recently and the buyers cannot create a bounce.
The Euro continues to experience headwinds in the short term as traders remain cautious due to knock-on effects from the Pound as political concerns remain about the Brexit. However, the Euro is intriguing moving forward and may find buyers who believe it should be valued higher.
Investing.com – The dollar was mostly unchanged against a basket of major currencies on Monday after data showed US employers posted fewer job openings than expected in October, pointing to signs of possible weakness in the labor market.
Although USDCHF’s bounce from 0.9735-30 horizontal-region propelled it towards a fortnight high, the pair has multiple nearby strong resistances to clear in order to justify its strength. Amongst them, an upward slanting TL figure of 0.9925 becomes the first to observe, break of which could open the gate for the pair’s extended rise to 0.9940-45 resistance-confluence that seems a tough challenge for buyers. Should the pair manage to surpass 0.9945, the 0.9980 and the 1.0000 may please the Bulls before giving them another task to conquer the 1.0035-40 area. On the contrary, 0.9875 and the 0. ...
Good morning, this is the Support and Resistance Level Report for Tuesday and here’s how our in-house model tests out. The lowest resistance line has found 8 matches, and Price Channel Indicator Upper Line is among the 4 models for R2. R3 is a psychological level with 2 confirmations.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending November 28 on Friday.
With the three-week old descending trend-line aptly restricting the USDCHF’s upside, chances of the pair’s dip to re-test 200-day SMA level of 0.9800 become brighter. However, an upward slanting TL, at 0.9780 now, might confine the pair’s following downside. Should the quote refrains to respect the 0.9780 mark, the 0.9755 and the 0.9730 level, comprising 100-day SMA, may flash on the chart. On the upside, 50-day SMA level of 0.9850 seems an immediate resistance for the pair to clear before challenging the 0.9875 TL, which if broken could quickly escalate its advances to 0.9915 and the 0.9940. ...
Following it’s reversal from 1.1960 during early-week, the EURUSD recently dropped below an immediate TL support, which if sustained could further fetch the pair down towards 1.1755; though, it’s additional declines might be confined by the 1.1730-20 horizontal-region. Should sellers refrain to respect 1.1720 mark, the 1.1665 and the 1.1615 may entertain them, breaking which can drag the quote to 1.1550 support. In case if the pair reverses from current levels, the 1.1875-80 and the 1.1910 could restrict its near-term advances while an upward slanting TL, at 1. ...
Intraday bias in the USD/CHF pair remains neutral as it has bounded in range of the 0.9779 level. On the upside, a decisive break of the 0.9820 resistance level will revive the bullish case of reversal. This could also extend the fall from support level at the 0.9779 support level.
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other models, and R3 is a … Continue reading Friday Support and Resistance Levels – November 24, 2017
You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar has gained some ground and now stands between R1 of 1 1850 and S1 of 1 1810. Standing at a 2 year high, R3 sees 4 confirmations, and Price Channel Indicator Upper Line is among the 3 … Continue reading Thursday Support and Resistance Levels – November 23, 2017
USD/CHF While pullback moves from 0.9945 triggered the USDCHF’s decline, nearly six-week long ascending trend-line, at 0.9870 now, might confine the pair’s downside, if not, then its extended drop to the 0.9850 and the 0.9835 horizontal-line become imminent. In case if additional selling pressure fetches the pair below 0.9835, the 0.9800 and the 0.9770 can … Continue reading Technical Checks For Important CHF Pairs: 22.11.2017
This is the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar is now trading in the range limited by R1 of 1 1750 and S1 of 1 1720. Standing near a 50 day moving average, R2 is well confirmed with 11 studies. R1 counts a 100 day moving … Continue reading Wednesday Support and Resistance Levels – November 22, 2017
Hello, traders, let’s see where the Support and Resistance levels stand this Tuesday morning. Euro/Dollar saw some volatility yesterday, but it now stands between R1 of 1 1760 and S1 of 1 1730. Standing near a 100 day moving average, R1 sees 6 matches, and Bollinger Upper Band is among the 3 models for R2. … Continue reading Tuesday Support and Resistance Levels – November 21, 2017
It’s a new trading week, and the team is back with another Support and Resistance Level Report. Euro/Dollar has opened lower and now stands below R1 of 1 1750 and above S1 of 1 1720. R2 is well confirmed with 11 technicals, including a 50 day moving average, and Bollinger Upper Band is among the … Continue reading Monday Support and Resistance Levels – November 20, 2017