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Previous Analysis Of The Eur/chfTitle:
Dukascopy Afternoon Forex Overview : 10/02/2012
Fundamental Analysis
EUR
Europe's finance ministers suspended a bailout funding for Greece and left officials in Athens either to ratify lately issued debt cut plan or to leave Euro Zone. Euro area countries will not deliver EUR 130 billion rescue funding until Greece will not implement its austerity plan, said Jean-Claude Juncker, Luxembourg's PM.
USD
US Consumer sentiment (Michigan preliminary index) dropped more-than-expected today to 72.5 points. The consensus forecast stood at 74.8; investors’ sentiment was on the downside today amid continuous Greek turmoil.
GBP
British house prices fell to 6-months record high in January on concern about country's economy amid European debt woe. The average value of home in Whales and England dropped 0.2% compared to December, reaching GBP 218. ...
Title:
Technical analysis of the EUR/CHF pair on February 10th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF is currently testing a return below 1.21.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bullish.
We stay neutral on the pair between 1.21 and 1.2150.
We advise to wait an exit of this range to take positions:
- Long if 1.2150 is broken. The breakout of 1.22 will give a new buy signal.
- Short if 1.21 is broken. The breakout of 1.20 will give a new sell signal.
See the previous analysis of the EUR/CHF pair of February 9th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/CHF pair on February 9th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has validated yesterday a return above 1.21 and just made a pullback on this level as support.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bullish.
We stay neutral on the pair between 1.21 and 1.2150.
We advise to wait an exit of this range to take positions:
- Long if 1.2150 is broken. The breakout of 1.22 will give a new buy signal.
- Short if 1.21 is broken. The breakout of 1.20 will give a new sell signal.
See the previous analysis of the EUR/CHF pair of February 8th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/CHF pair on February 8th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF is currently testing a return above 1.21.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bullish.
We stay neutral on the pair between 1.21 and 1.2150.
We advise to wait an exit of this range to take positions:
- Long if 1.2150 is broken. The breakout of 1.22 will give a new buy signal.
- Short if 1.21 is broken. The breakout of 1.20 will give a new sell signal.
See the previous analysis of the EUR/CHF pair of February 7th, 2012
EUR/CHF Analysis
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look beyond Greece to the real issue, which is Italy"
- Jeffrey Sica, president and CIO of Sica Wealth Management
U.S. stocks declined on Monday, snapping a three-day winning streak, after the meeting of euro zone ministers was postponed because of Greek reluctance to commit to reforms.
GBP
"If the UK ...
Title:
Technical analysis of the EUR/CHF pair on February 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF found resistance yesterday on 1.2080 and is now back on the support at 1.2060.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/CHF pair of February 6th, 2012
EUR/CHF Analysis
Title:
Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in terms of indicating fundamental strength in the economy"
- Pierre Ellis, senior economist at Decision Economics
The number of Americans, who have found a job in January rose to nine-month high of 243,000, said the Labor Department on Friday, pushing unemployment rate lower to 8.3 per cent, the lowest ...
Title:
Technical analysis of the EUR/CHF pair on February 6th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF just made a pullback on 1.2080 as resistance.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/CHF pair of February 2nd, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternoon Forex Overview : 02/03/2012
Dukascopy Fundamental Analysis
EUR
Royal Dutch Shell announced it plans to invest more to boost production. The company reported it would invest 30 billion US Dollars into the new gas and oil projects in 2012 as compared to 24 billion US Dollars invested in 2011. The move came after the company announced the annual rise in net income by 50% to 28 billion US Dollars in 2011.
USD
US employment surged more than predicted in January while the unemployment level dropped to the lowest reading in last three years, confirming the US labour market is recovering and raising doubts about Fed's pledge to maintain interest rates down by the end of 2014. The number of payrolls increased by 243 000 and the jobless rate decreased to 8.3% in January. Economists earlier predicted the unemployment level ...
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