Dailyfx (by CNBC)




EUR/USD
 Number of significant resistances is located in close proximity of the current price - 1.3379, 1.3435 and 1.3487.EUR/USD slowed near the support level around $1.3341, and formed an ascending triangle pattern on the 30m chart. The Stochastic indicator is recovering from its oversold area, which leads to the possible price rebound

GBP/USD
Attempting to 1.5995, although this break is unlikely to be sustained.


USD/JPY
After bouncing off 81.83, is now well-placed to retest 83.40, above which the pair will aim for 85.53 and 86.80. In th e meantime, levels situated at 82.73, 81.97 and 81.83 are expected to provide sufficient support.

USD/CHF
Has violated a support at 0.9027/16 and may continue to trade lower. In order to negate bearish pressure the pair will have to close above 0.9066, and then it would increase the possibility of the price surging beyond 0.9162 


My view :- Currencies of countries rich in natural resources, with the Canadian,  Australian,  New Zealand dollars being the most liquid of them), as they are believed to be highly linked to the movements in physical commodity prices. Triangular relationship between Euro, Dollar and Swiss Franc: if one goes down, the other goes up.

1 comment:

Spintowin said...
This comment has been removed by a blog administrator.
Related Posts Plugin for WordPress, Blogger...