Weekly Technical Analysis: 21/05/2018 – USD/JPY, EUR/USD, GBP/JPY, USD/CAD, USD/CHF

Summary:
USD/CHF The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850. Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally upwards to breach 1.0055 level and hold above it. Expected trading range for today is between 0.9880 support and 1.0000 resistance. . USD/CHF, May 22(see more posts on USD/CHF, ) - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, May 21(see more posts on USD/JPY,

Topics:
Raffi Boyadjian considers the following as important: 4) FX Trends, Australian Dollar, Bollinger Bands, British Pound, Canadian Dollar, Crude Oil, EUR-USD, Euro, Euro Dollar, Featured, GBP-USD, GBP/JPY, 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/CHF, USD/JPY

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