Showing posts with label downtrend. Show all posts
Showing posts with label downtrend. Show all posts

What happened to USDCHF?

USDCHF down 2600 pips in a jiffy.
This happened after SNB removed the cap on CHF. Will it bounce from here or go further down or find support?
Bid & ask came to still.
USDCHF hourly chart on Jan 16 2015

EURUSD hits Lowest

As USD getting stronger EUR continues it downslide. EURUSD touched its 2005 level 1.7xxx.
EURUSD barchart
EURUSD bar chart
There no clear sign of support, reversal at this point. Downtrend may continue further. 

AUDUSD heading towards 0.8000

AUDUSD fall continues and may reach  0.8000. A short time support may appear there. But the strength of the support may be week enough for a reversal.
AUDUSD Weekly Bar chart
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USDJPY 119.5 Support Level.

USDJPY 2 day downfall seems to be supported at 119.5. A reversal at this point is a possibility.
USDJPY support at 119.5
A successful reversal means, continues uptrend from earlier support of 101 and may touch 123.00 and beyond.

EURUSD downtrend continues. How far it will go?

The down trend of Euro is continuing for more than 30 weeks. At peak EURUSD was traded at little less than 1.4000 by May this year. From then onward a study downhill follows.
EURUSD Weekly candle stick bar chart
EURUSD Weekly Chart from 1st Jan until today, downtrend continues.
As of now it trading at 1.2370 a 100+ pips recovery from yesterdays low of 1.2240. But again met the resistance point 1.2250 it seems. As no proof of any strong reversal, it may not be a surprise if EURUSD touch 1.2000 in forthcoming days.