Weekly Technical Analysis: 12/03/2018 – USDJPY, EURUSD, GBPUSD, Gold

Last update March 13, 2018

Raffi Boyadjian March 13, 2018 SNB & CHF

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Summary:
USD/CHF The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially. Therefore, the bearish bias will be expected for today unless the price managed to breach 0.9488 and hold above it again, as breaching it will extend the correctional bullish wave to target 0.9581 areas direct. Expected trading range for today is between 0.9400 support and 0.9520 resistance. USD/CHF, March 13(see more posts on USD/CHF, ) - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, March 12(see more posts on usd-jpy, ) -

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Raffi Boyadjian considers the following as important: Australian Dollar, Bollinger Bands, British Pound, Canadian Dollar, Crude Oil, EUR-USD, Euro, Euro Dollar, Featured, FX Trends, Gold, Japanese Yen, MACDs Moving Average, newsletter, RSI Relative Strength, S&P 500 Index, S&P 500 Index, Stochastics, Swiss Franc Index, U.S. Dollar Index, U.S. Treasuries, USD/CAD, USD/CHF, USD/JPY

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USD/CHF The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially. Therefore, the bearish bias will be expected for today unless the price managed to breach 0.9488 and hold above it again, as breaching it will extend the correctional bullish wave to target 0.9581 areas direct. Expected trading range for today is between 0.9400 support and 0.9520 resistance.	USD/CHF, March 13 (see more posts on USD/CHF, ) - Click to enlarge
USD/JPY [embedded content]	USD/JPY with Technical Indicators, March 12 (see more posts on usd-jpy, ) - Click to enlarge
EUR/USD [embedded content]	EUR/USD with Technical Indicators, March 12 (see more posts on EUR/USD, ) - Click to enlarge
GBP/USD [embedded content]	GBP/USD with Technical Indicators, March 12 (see more posts on British Pound, ) - Click to enlarge
Gold <span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start"></span>	Gold with Technical Indicators, March 12 (see more posts on Gold, ) - Click to enlarge