With the beginning of the week's trading, the Swiss franc rose against the Japanese yen, but the price now faces a strong resistance level confined between the levels of 110.19 - 110.39, which it could not breach from more than seven months.
After recent highs, the price has now reached strong resistance levels on the daily chart.
first level at 1,3275,with 200 sma and 38.2% Fibonacci retracement.
The price has already reached 1,3299 to test the first bearish trend line.
The second resistance level at 1,3341, the strongest level where the price has tested it more than five times in the past...
The pair is trading in a descending channel on the 4 hour chart.
In the 1 hour chart, the price attempted to break the 38.2% Fibonacci support level at 120.10 but failed .
At the time of writing this analysis the price is now at 120.20, just above the 200 SMA on the 1 hour chart.
I think selling from these levels 120.20 or above until 120.46 would be a good...
Selling opportunity: AUDUSD with little risk
Today the Reserve Bank of Australia released the minutes of the latest meeting and came in a tone that tends more towards easing monetary policy.
Although monetary policymakers agreed to keep interest rates unchanged, he hinted at the possibility of a rate cut at future meetings, and possibly unconventional easing if...
The EUR / USD finished last week higher on the back of economic data that was mostly in favor of the EUR.
However, this weekly rise of 0.29% is only a h correction that could be used to find short opportunities.
The overall economic conditions in the US are better than in the old continent, and the European Central Bank has announced a return to quantitative...
On the weekly and daily charts the pair faces strong resistance levels as shown in chart:
The trend line from the top 125.85, which started its course in mid-2015.
The 100 SMA at 109.75 and the 200 SMA at 109.94 level.
Resistance lines for previous tops and lows between 109.24 and 109.67.
The 50% Fibonacci retracement level from 114.53 is high at 109.51.
EURUSD is trading within the strong support level at 1.1114, and looking at the daily chart, we notice that the pair tested these levels on four occasions during the year 2019.
The chances for these support levels remain weak unless there is any surprise from the Fed, so if broken, the next support level would be 1.1023 then 1.0926.
On the 4h chart, the pair is...
Despite the USDCAD / Color declines in the last days of last week, the pair managed to gain for the second week in a row.
These gains were mainly due to the strength of the US dollar as a result of positive economic data that supported the greenback, where the US dollar index reached its highest level in two years.
On the other hand, the Canadian economy is...