Both the USDJPY and USDCHF currencies have been rising since January. The USDJPY formed a low at 104.69 on January 3, 2019 and is currently trading at 110.59 (almost a 600 pip move in just five we
USD-CHF News & Articles
The following charts are for the 180 minute time frame with the support and resistance from the longer period time frames. The colors for the plus sign and dots represent the following:
On December 14th we wrote a post titled “Gold May Be Potentially a Low-Risk Buy” which can be found
Today, at 2pm New York time the FOMC minutes will be released. Traders will be analyzing the minutes for clues as to if the FOMC is still planning on raising interest rates a final time this year.
There are potential divergences on many forex pairs this morning but they need to be confirmed with candlestick patterns. The candlestick patterns will potentially either confirm a divergence patt
The Multicharts Scanner has the ability to show multiple symbols and timeframes within one window. For example, the AUDUSD is likely oversold on the 360, 720, and daily timeframes and has long vol
Although the AUDUSD and USDCHF are slower moving currencies, they also tend to stay in a trend longer. With the quad FOMC announcement tomorrow, these two currencies may retest the high or low pri
The USDCHF has been moving in a downward pattern on the daily chart since August. However, yesterday it formed a candlestick reversal bar and today is heading upwards to the ATR. However, traders
The AUDUSD, USDCAD, and USDCHF have price patterns that are developing on the higher timeframes that may potentially identify where price will be going later in the week.
If trading divergences, there are basically two main types of divergences - regular and hidden divergence. Regular divergence is when price makes a higher high but the oscillator makes a lower hig
The US Dollar has been gaining strength but the candlestick patterns are indicating that it may go down. Is this an end to the uptrend or is price simply seeking an area that will support further
Support typically works to hold price up and provide the momentum for the next move. Currently on the 240-minute chart, both the AUDUSD and USDCHF are at support areas. The important question is
Currently there are five currencies that may be developing a three bar pivot candlestick pattern on the weekly charts. A three bar pivot candl
Markets tend to move with support and resistance and this is especially true of the forex market. Once price moves up, then it is likely to test for support to further fuel another upward move. I
The following forex markets are overextended (either oversold or overbought) and will likely retrace back to the ATR in the very near future.
Today at 2pm the FOMC will release the Federal Funds Rate (which is expected to stay the same) and then on Friday, May 4th, the Non-Farm Employment Change numbers will be released. Will either of
There are many currencies around the world that rely on the full faith and credit of the countries that print the notes and bills that are a means of exchange and freely convertible all over the gl
This week both the Euro and Yen have major releases that will affect those currencies:
Although the currencies were slow to move earlier in the week, a mid-week move may be in the cards for these currencies. GBPUSD