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Technical Analysis Of The Eur/chfTitle:
Technical analysis of the EUR/CHF pair on September 8th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF is currently testing a breakout of the minor resistance at 1.21.
All indicators are bullish.
We maintain to trade only long positions as far as 1.20 is support.
The breakout of 1.21 and 1.22 will both give a new buy signal and open the way towards 1.24.
In case of return below 1.20, we will wait the breakout of 1.18 to advise short positions.
See the previous analysis of the EUR/CHF pair of September 7th, 2011
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Technical analysis of the EUR/CHF pair on September 7th, 2011
Commentary of the EUR/CHF pair:
After have found support on 1.10, the pair EUR/CHF started a strong bullish rallye.
The breakout of 1.14/1.16/1.18 all gave us a new buy signal.
In extension, the pair reached the resistance at 1.22.
All indicators are bullish.
We maintain to trade only long positions as far as 1.19 is support.
The breakout of 1.22 will give a new buy signal and open the way towards 1.24.
In case of return below 1.19, we will wait the breakout of 1.18 to advise short positions.
See the previous analysis of the EUR/CHF pair of September 6th, 2011
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Dukascopy Afternoon Forex Overview : 06/09/2011
Fundamental market overview
EUR
Eurozone Revised GDP of Q2 remained at the previous level of 0.2%, in line with experts' forecasts, a report released today announced. German factory orders slumped in July by -2.8% after an increase of 1.8% in June. Experts had forecasted a slight decline of -1.4% in July.
USD
ISM Non-manufacturing PMI exceeded analysts' expectations, and stood at 53.3 - higher than forecasts of 51.2. Previous reading, released on August 3, was slightly lower - at 52.7. A PMI level above 50 indicates an economic expansion.
JPY
Nikkei 225 was pushed down to its lowest close level since April 2009, as soaring Euro-zone debt crisis is frightening investors away from risky assets. Nikkei 225 declined by 193.89 or 2.21% to 8590.57. Turmoil in US is also seriously affecting ...
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Pressure Remains on the EUR
The EUR continues to be pressured as a combination of Greek and Italian debt issues combined with a slowing of the global economy weighs on the EUR. This week is an important week as six G10 central banks meet along with a planned economic speech by President Obama.
Economic News
USD - Ugly Return to US Trading
US traders will return from their Labor Day holiday to find the state of markets in turmoil. A combination of the euro zone debt crisis and the slowing of the global economy are pressuring risky assets. With the US stock markets closed on Monday the S&P 500 looks to gap significantly lower upon Tuesday's opening bell. As noted in yesterday's daily analysis, US investors will be looking to both the President and the Fed for policy responses to stop the bleeding.
President Obama ...
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Technical analysis of the EUR/CHF pair on September 6th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF found support several times on 1.10.
The pair is currently testing 1.12 as resistance.
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1.1250 is resistance.
The breakout of 1.10 will give a new sell signal and open the way towards 1.08.
In case of return above 1.1250, we will wait the breakout of 1.14 to advise long positions.
See the previous analysis of the EUR/CHF pair of September 5th, 2011
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Technical analysis of the EUR/CHF pair on September 5th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF made yesterday a low in extension on the support at 1.10.
The just made a pullback on 1.12 as resistance and is currently falling.
All indicators are bearish.
We maintain to trade only short positions as far as 1.1250 is resistance.
The breakout of 1.10 will give a new sell signal and open the way towards 1.08.
In case of return above 1.1250, we will wait the breakout of 1.14 to advise long positions.
See the previous analysis of the EUR/CHF pair of September 2nd, 2011
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Technical analysis of the EUR/CHF pair on September 2nd, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues its bearish rallye.
The pair has validated the breakout of 1.15/1.14/1.13/1.12, offering new sell signals.
All indicators are bearish.
We maintain to trade only short positions as far as 1.13 is resistance.
The breakotu of 1.11 will give a new sell signal and open the way towards 1.10.
In case of return above 1.13, we will wait the breakout of 1.14 to advise long positions.
See the previous analysis of the EUR/CHF pair of September 1st, 2011
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Technical analysis of the EUR/CHF pair on September 1st, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF strongly felt yesterday.
The pair has validated the breakout of 1.17 and 1.16.
All indicators are now bearish.
We advise to trade the pair according to the key point at 1.16:
- Only long positions as far as 1.16 is support. The breakout of 1.17 and 1.18 will both give a new buy signal.
- Only short positions as far as 1.16 is resistance. The breakout of 1.15 and 1.14 will both give a new sell signal.
See the previous analysis of the EUR/CHF pair of August 31th, 2011
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Technical analysis of the EUR/CHF pair on August 31th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues to move on 1.18.
All indicators are still bullish.
We maintain to trade only long positions as far as 1.17 is support.
The breakout of 1.20 will give a new buy signal and open the way towards 1.22.
In case of return below 1.17, we will wait new signals to give you new advices.
See the previous analysis of the EUR/CHF pair of August 30th, 2011
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