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Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

Summary:
USD/CHF The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100. Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000. Expected trading range for today is between 0.9980 support and 1.0100 resistance. USD/CHF, May 09(see more posts on USD/CHF, ) Source: economies.com - Click to enlarge USD/JPY  USD/JPY with Technical Indicators, May 07(see more posts on USD/JPY, ) - Click to enlarge EUR/USD  EUR/USD with

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USD/CHF

The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100.

Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000.

Expected trading range for today is between 0.9980 support and 1.0100 resistance.

USD/CHF, May 09

(see more posts on USD/CHF, )
Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

Source: economies.com - Click to enlarge

USD/JPY

USD/JPY with Technical Indicators, May 07

(see more posts on USD/JPY, )
Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

- Click to enlarge

EUR/USD

EUR/USD with Technical Indicators, May 07

(see more posts on EUR/USD, )
Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

- Click to enlarge

GBP/USD

GBP/USD with Technical Indicators, May 07

(see more posts on GBP/USD, )
Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

- Click to enlarge

Gold

 

Gold with Technical Indicators, May 07

Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

- Click to enlarge


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Raffi Boyadjian
Finance and Investing. Michigan State football and basketball. Tigers, Lions (sometimes), Pistons, Wings.

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