Monthly archive June, 2017

Key Points

• The US Dollar failed to break the 0.9765-70 resistance area against the Swiss Franc, and moved down.
• There are two bearish trend lines with resistances as 0.9738 and 0.9760 formed on the hourly chart of USDCHF.
• Today in Read More →

Key Points

• The Euro after trading close to the 0.8720 support against the British Pound started moving higher.
• There are two bullish trend lines with supports at 0.8800 and 0.8780 formed on the hourly chart of EURGBP.
• Today in the Read More →

Oil price drops dragged sentiment lower and reflected negatively on sentiment yesterday at US close. This morning a slight move higher for the price of oil met optimism during the asian session, with the major indices reflecting some gains, albeit Read More →

Key Points

• The Aussie Dollar made a top at 0.7620 against the US Dollar and currently under selling pressure.
• There was a break below a crucial bullish trend line with support at 0.7585 on the hourly chart of AUDUSD.
• Today Read More →