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AUD/CHF / 1. August

Chart Scale: Monthly, Weekly
Indicator used: Bollinger Band, CCI, ADX, EMA 200
Support Area: 0.7140, 0.7230, 70,43
Resistence Area: 0.75608
Pair Analysis: In the weekly Chart Aud/CHf shows resitence at Bollinger Band middle line, it shows also resistence at Zeroline of the CCI indicator. ATR, Weekly and Monthly Range are falling which shows less volatility in the Pair. However ADX increase in the Weekly which may lead to some action in the coming weeks. Without chaning fundamentals, it will get …
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sharpsense avatar
sharpsense 22 July

Aud/chf in the resitence of th middle Bollinger band, chances from reversing from here

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U.S. airstrike on Syrian base causing money to flow toward safe haven assets

U.S. launched more than 50 tomahawk missiles at Syrian Military base about 2 1//2 hours ago. Markets reacting by seeking safe haven assets.....Gold is spiking higher, equities dropping (S&P futures pointing toward a decent drop in U.S. markets at opening bell). Nikkei index fell near the 18,500 level, but currently bouncing to just above 18,600.....it will be interesting to see the flow of trades as Japan equities trading approaches the closing bell . JPY pairs are falling due to "risk aversion"…
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Consolidation with bearish tilt

Currency Pair:Usd/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 124.36
Trend:uptrend
Possible trading range:122-126
Signals: on the monthly chart the technical part is struggling to complete the right shoulder of a massive inverted head and shoulders pattern with its neckline situated around 124.50.
Fundamentals: The BOJ seems to not accept an exchange rate above the 126 level. On the other side( US) any rate hikes remain data dependent. In case the chinese mark…
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marius24 avatar
marius24 10 Aug.

update:usd/jpy seems well anchored on its upside trip as long as the FED is prepared for the first time in 10 years to raise the interest rates. HAving this in mind i rather avoid entering in a short position. The outlook remains bullish with some consolidations in the sight

marius24 avatar
marius24 19 Aug.

update: The price has been kept between 124 and 125 due to increasing expectations that the FED would hike rates. It's worth mentioning that 125 is a critical level as Kuroda intervened last month after having said that further depreciations in the yen are not welcomed. Current price - 124.35

marius24 avatar
marius24 26 Aug.

update: Impressive moves have taken place recently in this currency pair due to risk aversion. After having touched 116.15 level the price bounced back again the in 120 area. Only a stabilization of the stocks markets will trigger a new round of selling the yen. Current price 119.42

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EUR/CHF breaks above June high

EUR/CHF broke above June high (~1.0575) last week but pulled back below it ahead of the weekend. The pair traded above the level overnight and is so far holding up well. With the Greek risk out of the way for now, demand for safe haven lessened. Potential SNB buying in the dips may also play a role of supporting the bullish sentiment.
If the pair continues higher we may see a retest of 1.08 in the days ahead. The next targets would then be 200 DMA (~1.0940) and 76.4% retracement of the January 1…
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Loonie motoring higher

Loonie traded to the highest since April the 1st and is approaching January to March range top while the price of oil continues to slide. Weaker data, speculation of another rate cut and safe haven USD demand are not helping it either.
Some resistance may come in between 1.2690 and 1.2700 (Daily Resistance 1, Weekly Resistance 1, 00's) but the real test will be at the above-mentioned range top in 1.2800 - 1.2835 band, which also hosts Weekly Resistance 2 and Monthly Resistance 2.
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GOLD: Currently more than just a safe haven

Gold could even prove that the current strength of the current market price results from the flight of capital to safe havens of the previous weeks and rose to the highest level since mid-November. The prospect of a long term low interest rates set by the Fed could outdo the concern about further curbs on measures to reflate the market. Statements of the Indian Trade Minister are driving the prices up as well. The country could reduce the high tax burden on gold imports which might
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VictoriaVika avatar

Gosh!!!

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