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Technical Analysis Of The Eur/chfTitle:
Technical analysis of the EUR/CHF pair on February 20th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has opened the week on a small bullish gap.
The pair just faked a return above 1.21 and is currently falling below 1.2080 as support.
The pair continues to move into its long term bearish channel (black lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 1.21 is resistance.
A return below 1.2080 will comfort our bearish feeling.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2120 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 17th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternoon Forex Overview : 17/02/2012
Dukascopy Fundamental Analysis
EUR
Germany expects EU finance officials to reach an agreement over Greek bailout on meeting due February 20, German lawmakers announced today. Greece should increase its responsibilities in order be rescued otherwise Europe will have to take another way of action, the one that nobody really wants, Steffen Kampeter, German Deputy FM, emphasized.
USD
2011’s most hated stocks have increased in value almost twice as fast as S&P 500’s growth for the period. This trend has burnt short sellers’. The 26 stocks from S&P500, which had attracted the most of short-sellers’ attention, have gained 18% during the last year. The index itself has only gained 8% in the same period.
GBP
UK retail sales, released today by National Statistics, have positively surprised ...
Title:
Technical analysis of the EUR/CHF pair on February 17th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made yesterday a pullback on 1.2080 as resistance.
The pair continues to move into its long term bearish channel (black lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2120 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 16th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/CHF pair on February 16th, 2012
Commentary of the EUR/CHF pair:
The pair continues to move into its long term bearish channel (black lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2120 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 15th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternoon Forex Overview : 15/02/2012
Dukascopy Fundamental Analysis
EUR
Europe's largest economy contracted less than expected in fourth quarter, signalling Germany may avoid crisis despite declining demand across region. German GDP dropped 0.2% in last quarter of 2011 compared to 0.6% growth in the third quarter. Economists questioned by Bloomberg predicted a drop of 0.3%. Meanwhile France's economy unexpectedly in expanded 0.2% in last three months of 2011.
USD
Demand for automobiles pushed upwards the industrial production level in the US. The total industrial output rose by 0.7% in January; the December figure was revised to +1.5%. Analysts believe that shortages in business inventories and increasing machinery investments will keep industrial output level quite high in near term.
GBP
UK unemployment rose to 2.67, ...
Title:
Technical analysis of the EUR/CHF pair on February 15th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has validated yesterday a return below 1.2080, comforting our bearish feeling.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2120 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 14th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternoon Forex Overview : 14/02/2012
Dukascopy Fundamental Analysis
EUR
European industrial production fell in December, weighted down by a drop in Germany, fuelling concerns the region might be entering in a new recession wave. The output in Euro Zone declined 1.1% in December compared to November. Analysts predicted a decline of 1.2%. On yearly basis production diminished 2%.
USD
A significant drop in automobile sales caused a slide in the amount of overall retail sales in January, Commerce Department reported today. Retail sales rose less (+0.4%) than expected (+0.8%). However, sales excluding automobiles increased by 0.7%, the greatest climb since March, 2011.
GBP
UK consumer prices posted a 0.5% monthly drop in January, said the UK National Statistics Office on Tuesday. The annual consumer price index slowed from 4.2% ...
Title:
Technical analysis of the EUR/CHF pair on February 14th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made yesterday a pullback on 1.21 as resistance and is currently testing the support at 1.2080.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bullish.
We continue to advise short positions as far as 1.21 is resistance.
A return below 1.2080 will comfort our bearish feeling.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 13th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/CHF pair on February 13th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has validated on friday a return below 1.21, offering a sell signal.
The pair is still moving into its long term bearish channel (black lines).
Indicators are mitigated.
We continue to advise short positions as far as 1.21 is resistance.
A return below 1.2080 will comfort our bearish feeling.
The breakout of 1.2050 will give a new buy signal and open the way towards 1.20.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positions.
See the previous analysis of the EUR/CHF pair of February 10th, 2012
EUR/CHF Analysis
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