Connect with us

Hi, what are you looking for?

Stock

USDCHF and USDJPY: USDCHF is trying to hold above 0.90900

USDCHF and USDJPY

USDCHF and USDJPY: USDCHF is trying to hold above 0.90900

  • During this morning’s Asian trading session, USDCHF moved in the 0.90850-0.91000 range.
  • During this morning’s Asian session USDJPY was in a slight bearish consolidation from 155.94 to 155.65 level.

USDCHF chart analysis

During this morning’s Asian trading session, USDCHF moved in the 0.90850-0.91000 range. With the start of the EU session, the pair moved to the support line and is constantly putting pressure on that level. That could push the pair to a new daily low. On Friday, we had a similar pullback and got support at the 0.90700 level. Additional support in that zone is the EMA 200 moving average. If it gives way, we move below to a new low.

Potential lower targets are 0.90600 and 0.90500 levels. If the USDCHF happens to hold at the current level, it will be in a good position to initiate a positive consolidation and move us above the 0.91000 level. If we succeed in that intention, it will be much easier for us to start further recovery. Potential higher targets are 0.91100 and 0.91200 levels.

USDCHF chart analysis

USDJPY chart analysis

During this morning’s Asian session USDJPY was in a slight bearish consolidation from 155.94 to 155.65 level. We have support from the EMA50 and EMA200 moving averages and expect to hold above them. If we succeed, we should see another positive consolidation and climb to the 156.00 level. With that step, we get rid of the bearish pressure and continue to the bullish side.

Potential higher targets are 156.25 and 156.50 levels. If this bearish consolidation continues and we break below the moving averages, USDJPY will move into negative territory. We are then below the weekly open price, which will only strengthen the bearish momentum to start looking for a new support level. Potential lower targets are 155.25 and 155.00 levels.

USDJPY chart analysis

The post USDCHF and USDJPY: USDCHF is trying to hold above 0.90900 appeared first on FinanceBrokerage.

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com