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Daily Technical Strategy On Currencies & Commodities

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  • USDCHF Sells Off With Eyes On 0.9612 Zone

    USDCHF faces risk of further move lower following its price sell off the past week. Resistance comes in at the 0.9650 level. Above here, resistance lies at the 0.9700 level and then the 0.9750 level. Further out, resistance stands at the 0.9800 level. On the downside, support is located at the 0.9600 level with a turn below here opening the door for more decline towards the 0.9550 level. And then the 0.9500 level. Further down, support comes in at the 0.9450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on price weakness.


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    • EURUSD Sees Price Rally, Eyes The 1.1117/50 Zone

      EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD looks for more strength to occur in the new week.



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      • EURUSD Sees Price Rally, Eyes The 1.1117/50 Zone

        EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD looks for more strength to occur in the new week.


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