Tag Archives: U.S. Dollar Index

USD/CHF The USDCHF pair managed to break 0.9850 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards 0.9723 level as a next station, noting that the EMA50 supports the expected decline, which will remain valid for today conditioned by the price stability below 0.9870. Expected trading range for today...

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...

Moribund Meandering Earlier this week, the USD gold price was pushed rather unceremoniously off its perch above the $1300 level, where it had been comfortably ensconced all year after its usual seasonal rally around the turn of the year. For a while it seemed as though the $1,300 level may actually hold, but persistent US dollar strength nixed that idea. Previously many observers (too many?) expected gold to finally...

USD/CHF The USDCHF pair provided positive trading yesterday to test 1.0000 level and settles around it, and as long as the price is below this level, our bearish overview will remain valid, noting that our next target is located at 0.9900, while breaching 1.0000 followed by 1.0055 levels represent the key to regain the main bullish trend again. Expected trading range for today is between 0.9920 support and 1.0055...

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...

USD/CHF The USDCHF pair touched the bullish channel’s resistance that appears on the chart, and the price might be forced to show some temporary decline to test the support base formed above 0.9790 before resuming the rise again. In general, we will continue to suggest the bullish trend supported by the EMA50, depending on the organized trading inside the mentioned bullish channel, noting that our next target is...

USD/CHF The USDCHF pair breached 0.9675 level and closed the daily candlestick above it, to open the way to achieve more rise in the upcoming sessions, paving the way to head towards 0.9790 as a next main station. Therefore, the bullish trend will be suggested, supported by the EMA50, noting that breaking 0.9675 and holding below it will push the price to test 0.9581 level before determining the next trend clearly....

There is no change to the risk budget this month. For the moderate risk investor, the allocation to bonds is 50%, risk assets 45% and cash 5%. Stocks continued their erratic ways since the last update with another test of the February lows that are holding – for now. While we believe growth expectations are moderating somewhat (see the Bi-Weekly Economic Review) the change isn’t sufficient to warrant an asset...

– Gold outperforming stocks in 2018 and this century (see chart) – Gold up close to 2% in 2018 while S&P 500 is down 2%– Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish – Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational”– Market volatility could drive gold to $1,500/oz in 2018 – Holmes Editor: Mark O’Byrne In a January post, I showed how...

USD/CHF The USDCHF pair attempted to breach 0.9581 level yesterday but it returns to move below it now, which keeps the bearish trend scenario valid until now, supported by stochastic move within the overbought areas, waiting to head towards 0.9488 as a first target. We reminding you that confirming breaching 0.9581 will push the price to visit 61.8% Fibonacci correction level at 0.9675 before any new attempt to...