USDCHF Eyes Fed’s Yellen For Next Move

USDCHF Eyes Fed's Yellen For Next Move Key Highlights             US Dollar declined heavily against the Swiss Franc this week and even moved below the 0.9900-0.9800 support area. There was a support trend line formed on the daily chart, which was broken during the downside drift. Today, there is a major event in the US, as Fed's Yellen will testify that c...
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USDCHF – Important Trend Line Resistance

USDCHF – Important Trend Line Resistance Key Highlights             US Dollar failed to trade above the 0.9940-50 resistance area and moved lower against the Swiss Franc. There is a major bearish trend line and resistance zone formed on the hourly chart for the USDCHF pair. Today, the US Initial Jobless Claims will be released by the US Department of Lab...
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USDCHF – The Big Picture, Support at 0.9750-9800

USDCHF – The Big Picture, Support at 0.9750-9800 Key Highlights             US Dollar lost a lot of ground recently and traded lower against the Swiss franc. Looking at the daily chart of the USDCHF pair, there is a monster support around the 0.9750-0.9800 area. US Monthly Budget Statement released by the Financial Management Service posted a reading of ...
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USDCHF Following a Descending Channel; Break Likely?

USDCHF Following a Descending Chanel; Break Likely? Key Highlights             US Dollar after trading as high as 1.0327 failed to gain traction and is currently moving lower against the Swiss Franc. There is a descending channel formed on the hourly chart, which is acting as a resistance for the USDCHF pair. In the US, the Total Vehicle sales released by ...
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Can USDCHF Recover Post Break?

Can USDCHF Recover Post Break? Key Highlights             US Dollar dived recently against the Swiss Franc, and cleared a couple of major support trend lines formed on the hourly chart. The USDCHF pair is finding bids around the 100 hourly simple moving average, which holds the key in the near term. US Initial Jobless Claims released by the US Department o...
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USDCHF – Break Near?

Key Highlights US Dollar is slowly moving higher against the Swiss Franc and looks set for a break in the near term. There is a bullish trend line formed on the hourly chart, which might act as a catalyst. Chinese official non-manufacturing PMI, released by China Federation of Logistics and Purchasing (CFLP) posted a reading of 53.4 in September, unchanged from the last...
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USDCHF Eyes US CPI for a Break

Key Highlights US Dollar surged higher against the Swiss franc after dipping close to the 0.9660 support area. USDCHF pair is trading near an important bearish trend line on the hourly chart, acting as a resistance. US Consumer Price Index will be released by the US Bureau of Labor Statistics with the market forecast lined up for an increase of 0.2% in August 2015, comp...
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USDCHF – 0.9800 is a Reaction Level within Range

Key Highlights US Dollar after a move higher against the Swiss Franc started consolidating, and currently waiting for a catalyst for a break. US Housing Starts released by the US Census Bureau, at the Department of Commerce registered a reading of 1.206M in July 2015, compared with the forecast of 1.190M. US Building permits came in at 1.119M in July 2015, which was bel...
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USDCHF – Dollar Remains in the Driver’s Seat versus CHF

Key Highlights US Dollar continued to rocket higher against the Swiss franc, as the latter one weakened a lot recently. US Initial Jobless Claims released by the US Department of Labor increased from the last reading of 267K to 270K. US continuing jobless claims was below the forecast and registered a reading of 2.255M. US Initial Jobless Claims Earlier during the...
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US Dollar Positioned For More Gains

Key Highlights US Dollar continued to trade higher against the Swiss Franc and it is likely to continue trading higher. US Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics came in at 53.8 in July 2015, unchanged from the last reading. Australian AIG performance of the Mfg Index released by the Australian Industry Group posted a nasty incre...
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