Let's takea look at the technical picture of GBP/USD, USD/CHF, EUR/CHF, USDX and BitcoinThe material has been provided by InstaForex Company - www.instaforex.com
GBP/USDAnalysis:The main direction of the price movement of the British pound is set by the upward wave that began in March last year. The incomplete wave on the main course leads from July 20. The middle part (B) is being completed in the wave structure. The price has reached the upper limit of...
USD/CHF dropped a little in the short term but this could be only a temporary decline. It could still increase as long as it stays above 0.9267 and 0.9238 levels, former highs. These levels represented upside obstacles. Jumping above these levels signals an upside continuation.The up channel's...
At the auction last week, the Swiss franc was subjected to the strongest selling pressure against the US dollar and lost 1.60%. Market participants are still waiting for more specific information from the US Federal Reserve System (FRS) regarding the timing of the start of the curtailment of the...
GBP/USDAnalysis:The trend direction of the chart of the main pair of the British pound is set by the ascending wave algorithm from July 20. At the end of August, the final part (C) started. The price has been flat for the last two weeks, forming an intermediate pullback within its...
USD/CHF registered an amazing upside movement. It stands at 0.9218 level far above 0.9198 former high and below 0.9238 upside obstacle. The buyers have taken full control after jumping above the downtrend line. Technically, USD/CHF failed to make a new low signaling a potential growth. The 0.9238...
USD/CHF drops right now as the Dollar Index accelerates its drop. The pair drops when the index goes down. Surprisingly or not, the greenback drops right now even if the US indicators have reported positive data. The Unemployment Claims dropped further in the last week. The indicator was reported...
GBP/USDAnalysis:A classic upward wave zigzag has been forming on the chart of the British pound since July 20. The final part (C) started on August 8. Currently, the conditions are being prepared for the final upward surge of the price.Forecast:In the first half of the day today, you can expect a...
As already noted in today's two previous articles on the euro and the pound, the US dollar came under quite strong selling pressure at yesterday's trading. Since both currencies from this pair are considered protective assets, yesterday's strong decline in USD/CHF can be linked to a decrease in...
As already noted in today's previous articles, the US dollar strengthened against all its main competitors at the auction last week. The Swiss franc was no exception, which suffered losses compared to the US dollar 0.19%. Such a slight decrease in the Swiss franc is explained by both currencies...
