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USDCHF: Bearish, Eyes Further Downside With Caution

USDCHF: With USDCHF giving back its earlier gains for the week to close lower marginally lower the past week, more decline is likely in the week. This is with a lot of caution. Support comes in at the 0.8700 level, its psycho level. Below here will set the stage for further weakness towards the 0.8650 level. Further down, support is located at the 0.8600 level and then the 0.8568 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, resistance resides at…See More
13 hours ago
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fxtech's blog post was featured

USDCHF: Sees Further Bearish Momentum.

USDCHF: With continued weakness seeing USDCHF testing a low of 0.8776 before closing lower at the 0.8801 level on Friday, further decline remains intact. It requires a break and close below the 0.8798 level, its Dec 27 2013 low and the 0.8776 level, its past week low to decline further. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen will set the stage for more weakness towards the…See More
Mar 1
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fxtech's blog post was featured

USDJPY: Pressure Builds On The 102.82 Level

USDJPY: With USDJPY reversing its Tuesday losses, further upside is expected towards the 102.82 level. A cut through here will open the door for more gain towards  the 103.43 level, its Jan 29 2014 high. Above here will set the stage for a run at the 104.oo level. Further out, resistance comes in at the 104.50 level and then the 105.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the other hand, support stands at 102.00 level where a violation will expose the…See More
Feb 27
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fxtech's blog post was featured

The Week Ahead: USDCHF

USDCHF: Weakens, Extends Bearishness.USDCHF: With a third-week of decline as occurring the past week, further weakness is likely towards the 0.8798 level, its Dec 27 2013 low. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen will set the stage for more weakness towards the 0.8650 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, to resume its short…See More
Feb 23
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fxtech posted a blog post

Special Focus On GBPUSD

GBPJPY: Vulnerable But Retains Its Broader Long Term Uptrend BiasGBPJPY – The cross remains biased to the upside in the medium and long terms but now faces corrective downside. In order for it to resume its uptrend, it will have to break above the 171.15/87 levels. A breach could force further upside towards the 172.50 level. Further out, resistance resides at the 173.64 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, support comes in at the 169.11 level…See More
Feb 20
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fxtech posted a blog post

Daily Technical Strategist On AUDUSD

AUDUSD: Faces Consolidation Threats.AUDUSD: With the pair’s failure to recapture the 0.9085 level triggering price consolidation, more downside pressure could be building up. Support lies at the 0.8926 level and then the 0.8900 level. However, in case it fails to follow through lower, expect AUDUSD to retake the 0.9080/5 levels. A cut through here will resume its short term uptrend towards the 0.9150 level where a break will pave the way for a run at the 0.9200 level and subsequently the 0.9250…See More
Feb 19
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fxtech posted a blog post

Daily Technical Strategist On USDCAD

USDCAD: Vulnerable, Retains Bearish ToneUSDCAD: With the pair maintaining its downside pressure, further decline is likely. This leaves the pair targeting further downside towards the 1.0900 level, its psycho level where a violation will aim at the 1.0842 level, its previous week low. A follow-through lower if seen will open the door for a run at the 1.0736 level, its Dec 20 2013 high. A reversal of roles as support is likely to occur here and turn the pair higher from this level. However, if…See More
Feb 17
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fxtech posted a blog post

The Week Ahead On USDCHF

USDCHF: Follows Through Lower, Set To Extend Weakness.USDCHF: With a follow-through on the back of its previous week losses occurring at the end of the week, further downside is expected. As long as USDCHF trades and holds below the 0.9156/0.9079 levels this view remains valid. Minimum support lies at the 0.8902 level, its Jan 24 2014 low where a violation will push the pair further lower towards the 0.8850 level. A cut through here will pave the way for a run at the 0.8800 level, its psycho…See More
Feb 15
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fxtech posted blog posts
Feb 8
fxtech's blog post was featured

USDCHF: Risk Builds Up On The 0.9156 Level.

USDCHF: With the pair reversing most of its previous week losses to close higher the past week, immediate risk remains to the upside. Resistance resides at the 0.9156 level, its Jan 21 2014 high. Further out, the 0.9200 level, its psycho level comes in as the next upside objective where a violation will aim at the 0.9249 level, its Nov 07’2013 high. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, the risk to this analysis will be a return to the…See More
Feb 2
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fxtech posted a blog post

EURJPY: Bearish, Faces Further Downside Pressure.

EURJPY- The cross remains weak and vulnerable as long as it holds below the 142.41 level. With a follow through lower on the back of its Wednesday losses seen, further weakness is expected  in the days ahead towards the 138.48 level, its .50 Fib Ret (its 131.21-145.68 rally). Further down, support comes in at the 138.00 level, its psycho level where a violation will aim at the 137.50 level. A cut through that level will open the door for a run at the 137.00 level and then the 136.76 level, its…See More
Jan 30
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fxtech posted a blog post

USDCAD: Bullish, Tests Key Resistance.

USDCAD: With the pair ending its one–day weakness and strengthening for two days in a role, further bullish offensive is envisaged. However, it will have to break and hold above the 1.1172 level, its Jan 23’2014 high to trigger that trend. A turn above here will activate additional strength towards the 1.1200 level where a breach if seen will set off further gain towards the 1.1250 level. Further out, resistance comes in at the 1.1300 level followed by the 1.1350 level and subsequently the…See More
Jan 28
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fxtech posted a blog post

AUDUSD: Clears the 0.8755 level, Extends Bearishness.

AUDUSD: With the pair breaking the 0.8755 level, its Jan 20 2014 low to sell off further on Friday, more decline is expected in the days ahead. Support is seen at the 0.8650 level, its psycho level followed by the 0.8600 level. Further down, support comes in at the 0.8550 level and then the 0.8500 level. Its daily RSI is bearish and pointing lower suggesting further downside. On the upside, resistance resides at the 0.8755 level followed by the 0.8887 level, its Jan 22’2014 high. A break of…See More
Jan 24
0 Comments
fxtech commented on fxtech's blog post USDCHF: Sets Up To Resume Short Term Uptrend.
"Thanks. That means you will have to wait for the 0.9126 level to fail. We think that level should eventually give in triggering further strength."
Jan 19
Daologic commented on fxtech's blog post USDCHF: Sets Up To Resume Short Term Uptrend.
"I was long, it was the past, I have booked some nice profits. Now I wait to sell around at 0.9233-0.9277 or to buy again at 0.8972-0.8911. "
Jan 19
fxtech posted a blog post

USDCHF: Sets Up To Resume Short Term Uptrend.

USDCHF: With USDCHF reversing almost all of its previous week losses to close higher at the end of the week, the risk is for the pair to recapture the 0.9126 level in the new week. Above here will trigger the resumption of its short term recovery offensive towards the 0.9200 level, its psycho level. A violation of here will aim at the 0.9249 level, its Nov 07’2013 high and then the 0.9300 level, its psycho level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the…See More
Jan 18
2 Comments

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Fxtech's Blog

USDCHF: Bearish, Eyes Further Downside With Caution

Posted on March 8, 2014 at 1:07pm 0 Comments



USDCHF: With USDCHF giving back its earlier gains for the week to close lower marginally lower the past week, more decline is likely in the week. This is with a lot of caution. Support comes in at the 0.8700 level, its psycho level. Below here will set the stage for further weakness towards the 0.8650 level. Further down, support is located at the 0.8600 level and then the 0.8568 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, resistance…

Continue

USDCHF: Sees Further Bearish Momentum.

Posted on March 1, 2014 at 1:31pm 0 Comments

USDCHF: With continued weakness seeing USDCHF testing a low of 0.8776 before closing lower at the 0.8801 level on Friday, further decline remains intact. It requires a break and close below the 0.8798 level, its Dec 27 2013 low and the 0.8776 level, its past week low to decline further. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen will set the stage for more weakness towards the…

Continue

USDJPY: Pressure Builds On The 102.82 Level

Posted on February 26, 2014 at 7:04pm 0 Comments

USDJPY: With USDJPY reversing its Tuesday losses, further upside is expected towards the 102.82 level. A cut through here will open the door for more gain towards  the 103.43 level, its Jan 29 2014 high. Above here will set the stage for a run at the 104.oo level. Further out, resistance comes in at the 104.50 level and then the 105.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the other hand, support stands at 102.00 level where a violation will expose the…

Continue

The Week Ahead: USDCHF

Posted on February 22, 2014 at 12:14pm 0 Comments

USDCHF: Weakens, Extends Bearishness.

USDCHF: With a third-week of decline as occurring the past week, further weakness is likely towards the 0.8798 level, its Dec 27 2013 low. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen will set the stage for more weakness towards the 0.8650 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, to resume…

Continue

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March 2014 Forex Meeetups: 6 Cities, 6 Topics, 6 Speakers. Join In!

One more time, on the first week of the month traders from 6 different cities will meet to talk about Forex and Trading, and why not to say it too, for a drink.

As guest speakers, we will have Nicole Elliot in London, Dan Blystone in Barcelona, Rehman Moledina in New York, Giuseppe Basile in Toronto, Josh Davidson in L.A. and Kingsley Jones in Sydney.

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