USD/CHF Technical Analysis

The dollar continues to strengthen.

Technical Analysis
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USD/CHF Technical Analysis

Since the beginning of today's trading session the US dollar has been strengthening against a basket of major currencies. Looking at our chart, we see the formation of an uptrend. On the daily chart a reversal began in mid-February and our pair has been steadily growing during this period.

Now the pair is trading near the resistance level of 0.9775, from which a slight correction for the pair is possible.

At the moment we are considering the possibility of entering long positions and expect a further growth in the quotations. Since this trend has settled, we look forward to long-term growth in our pair.

Therefore, we advise to take long positions near the resistance level and set the take-profit in the range of about 100 pp from the entry point.

SuperForex
EUR/AUD: Fundamental Review & Forecast

Technical Analysis

EUR/AUD: Fundamental Review & Forecast

The trade war between the USA and China impacts the rates, especially the commodity currencies. The most optimal would be the deals to BUY, in favor of the EUR.

SuperForex
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USD/JPY Technical Overview & Daily Chart

Technical Analysis

USD/JPY Technical Overview & Daily Chart

We have a good opportunity to buy the pair today.

SuperForex
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GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

The pair has turned around.

SuperForex
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