USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
EUR/CHF looks ill
Information is not investment advice
The CHF is currently strengthening versus many currencies. The EUR is no exception. This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively. It looks like the pair formed a top when it slides below 1.0970. On the H4, the candlestick closed below the 61.8% Fibo retracement of the October advance at 1.0920, while moving averages are in the negative setup. There’s no substantial support for the price until 1.0880 (78.6% Fibo). The further level to watch on the downside is at 1.0835 (September lows).
Elizabeth Belugina
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USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
Levels to trade EUR/USD
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
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USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
EUR/USD reminded about a slingshot strategy
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
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