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USDCHF declines strongly – Analysis - 01-08-2016
The USDCHF pair provided strong negative trading on last Friday to surpass our first waited target at 0.9752 and reach direct to our second target at 0.9634, which supports the continuation of our bearish overview for the upcoming period, as the price falls under strong negative pressure that we expect to push trading to visit the previously recorded low at 0.9442 as a next main station.
Therefore, the bearish bias will be suggested on the intraday and short term basis supported by the EMA50, unless breaching 0.9752 – 0.9795 levels and holding above them.
Expected trading range for today is between 0.9550 support and 0.9752 resistance.
Expected trend for today: Bearish
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NZDUSD achieves strong gains – Analysis - 01-08-2016
The NZDUSD pair managed to confirm the return to the main bullish channel after the strong bullish rally mentioned on last Friday, which reinforce our expectations of continuing the bullish trend on the short term and medium term basis, waiting to resume the bullish bias that targets the previously recorded top at 0.7323 as a next main station.
MoreAUDUSD at the first target – Analysis - 01-08-2016
The AUDUSD pair managed to touch our first main waited target at 0.7595 and settles around it, noticing that the EMA50 keeps supporting the price from below, to reinforce the chances of continuing the bullish trend inside the minor bullish channel that appears on chart.
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