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Technical Analysis: EUR/GBP Consolidation & Fibo Resistance 0.8853 (23.60%)

Posted by Chris Advincula on Mar 17, 2017 6:28:55 AM

(Mar 17 Friday) The euro-sterling daily chart displays a consolidation path between the Fibonacci 23.60% high of 0.8853 (Jan 16) and the Fibo 50.00% low of 0.8393 (Feb 20). This is a consolidation range of 460 pips since Dec 26, within a lesser defined symmetrical triangle formation. A breakaway from the triangle could determine the next potential move in the short term run.


Topics: EURO, EURGBP, Sterling Pound, technical analysis, Forex

Technical Analysis: USD/CHF Pullback to 0.9860 Fibonacci 38.20% Retracement

Posted by Chris Advincula on Mar 16, 2017 6:42:58 AM

(Mar 16 Thursday) The USD/CHF daily chart shows a double-top resistance 1.0340 (Dec 14) and 1.0335 (Jan 2) followed by an immediate pullback correction to 0.9860 (Jan 31) Fibonacci arc 38.20% retracement. The Fibo arc High 1.0340 (Dec 14) and Low of 0.9440 (May 2) which is a 900 point range of U.S. dollar gains versus the swiss franc on an 8-month run from May 2016 to Jan 2017.


Topics: USDCHF, US Dollar, technical analysis, Forex, Swiss Francs

Technical Analysis: EUR/CHF Descending Channel 1.1200 - 1.0825

Posted by Chris Advincula on Mar 14, 2017 6:53:56 AM

(Mar 14 Tuesday) The EUR/CHF daily chart displays a descending channel pattern from 1.1200 high (Feb 3) to the current intraday high of 1.0825 showing the weakness of the euro is still intact, while swiss buying is still adding to the pressure on euro=swiss. The immediate 14 DMA support is 1.0650 (Mar 6) and the 30 DMA support is 1.0660 and 1.0600 (psychological level - nonetheless watch for the SNB intervention support).


Topics: EURO, Swiss franc, EURCHF, technical analysis, Forex

Technical Analysis: EUR/JPY Rebound Testing 122.55 (30 & 60 DMA Resistance)

Posted by Chris Advincula on Mar 10, 2017 6:03:03 AM

(Mar 10 Friday) The EUR/JPY 8-hour  chart shows good resistance at the 123.56 (Fibo 61.80%) line. There were four declining peaks within this particular Fibonacci junction: 124.10 (Dec 15) - 123.87 (Dec 29) - 123.70 (Jan 9) and 123.27 (Jan 27). The euro has since fallen back to test the Fibo 38.20% retracement low of 118.10 (Feb 24), which is a 600 pip correction pullback from the 124.10 Dec 15 high after a 70-day run.


Topics: EURO, technical analysis, Forex, Japanese Yen, EURJPY

Technical Analysis: EUR/JPY Tested 118.07 Low on Correction Pullback from 124.00

Posted by Chris Advincula on Mar 3, 2017 6:30:38 AM



Topics: EURO, technical analysis, Forex, Japanese Yen, EURJPY


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