Last Update At 01 Sep 2014 23:58GMT
Trend Daily Chart
Up
Daily Indicators
Rising
21 HR EMA
0.9191
55 HR EMA
0.9179
Trend Hourly Chart
Up
Hourly Indicators
Bearish divergences
13 HR RSI
61
14 HR DMI
+ve
Daily Analysis
Consolidation b4 one more rise
Resistance
0.9298 - Sep 19 high (2013)
0.9251 - Nov 07 high (2013)
0.9198 - Last Fri's n Mon's fresh 9-mth high
Support
0.9163 - Last Fri's Euroepan morning high (now sup)
0.9126 - last Thur's low
0.9104 - Aug 22 low
. USD/CHF - 0.9194... Although the greenback opened higher n resumed its recent winning streak to a fresh 9-month high at 0.9198 in NZ, price retreated to 0.9177 in European morning on rebound in eur/usd. However, dlr found renewed buying in European session n climbed back to 0.9198 near Mon's closing.
. Looking at the hourly n daily charts, y'day's gain to 0.9198 signals the 3-legged rise fm Mar's 2-1/2 year trough at 0.8698 remains in progress n further gain twd daily res at 0.9251 (Nov '13) wud be seen this week, abv wud extend marginally, however, anticipated 'bearish divergences' on the hourly oscillators wud prevent strg gain abv there n reckon res 0.9898/00 (Sep 19 high n psychological lvl respectively.) shud remain intact this week n risk wud increase for a much-needed correction later. On the downside, only a daily close below sup at 0.9104 (Aug 22 trough) wud indicate a temporary top has been made n risk stronger correction twd chart sup at 0.9058.
. Today, in view of abv analysis, we are buying dlr on intra-day pullback for gain to 0.9215/20 n only below last Thur's low at 0.9126 wud abort daily bullishness n risk retracement twd 0.9104.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.