Technical analysis of currencies
EUR / USD
Euro / dollar was increasing momentum yesterday, reaching a peak close to 1.4134 and 1.4105. It is too early to prospects for scenario bichi, but resistance was penetrated 1.4050 convincingly for the first time since 03 July, so it is possible to have something that will lead to a significant movement. The longer the couple is able to remain above 1.4050, we can expect more natataashen increasing momentum towards 1.4176 before re-testing of key resistance 1.4336. If unsuccessful should be back to the region of 1.3950 and 1.3850. CCI is prekupna zone and downwards of the four-hour chart, assuming potential decreasing pressure.
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GBP / USD
Pound / dollar continued its upward momentum yesterday, reaching a peak of 1.6467 to 1.6419 and closed. Short signals are rising, but seems to have good resistance around 1.6470. Break above this area would cause bichi momentum to 1.6550 before retestvaneto of key resistance 1.6660. However, among the medium term only after a clear break above 1.6660 could see confirmation of the upward scenario. CCI is about to go down a line of 100 four-hour chart, assuming a decreasing spring testing 1.6380 and 1.6300.
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USD / JPY
Dollar / yen continued upward correction yesterday, as did peak of 94.45 to 94.22 and closed. Signals remain with rising test key resistance 94.60. A clear break above this level should lead to further increasing pressure to 95.50 and violation of decreasing term prospects. The nearest support is at 93.70 followed by 93.00. CCI just went down 100 time schedule, signaling the potential for downward pressure.
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USD / CHF
Dollar / franc was increasing momentum yesterday. After making a fake break-up of the triangle, the couple now try it on down, indicating to the volatile market. This fact leads us into the vague area of trade. Trading signals in the short term is decreasing, but we need a coherent movement under 1.0750, to continue decreasing scenario, at least to 1.0650. Immediate resistance can be seen in 1.0800-1.0850.
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Author: FC IC popular fund AD