Fx Charts

a retracement high seen very early in Asia before the push back down to 105.72. Some resistance/offers are eyed around 106.50 and especially around 106.70, a series of retracement highs on the hourly chart.

The channel bottom, now at 1369.10, has been recast as near-term resistance. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices are stalling at support marked by the 50% Fibonacci expansion at 106.70. A Bearish Engulfing …

USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this level holds, the price action in the range is treated as …

The USD/CAD has been persistently bearish as seen in the 4H chart trading in a declining channel. The RSI has been held under 60 and has been able to tag 30, reflecting the continuous bearish momentum. As we gear up for the 2/7 US trading …

The first layer of significant support lines up at 1305.40. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices recovered from resistance-turned-supportat top of a falling channel set from mid-November to retest the broken …

Channel top resistance is now at 1339.90. 8hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices continue to consolidate above support at 97.70, with the first layer of resistance still at 101.28. A break lower exposes resistance …

A break below the latter boundary exposes 1285.90. 8hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices continue to consolidate above support at 97.70, with the first layer of resistance still at 101.28. A break lower exposes …

Friday’s data concludes the week with the Trade Balance (-47M). The chart for NZD/USD shows resistance at 0.8080 and 0.8242. On the downside, technical support is expected at 0.7979/96, 0.7864, and 0.7650. GBP The upcoming UK economic calendar …

Initial support stands at 1265.30, while a daily close above 1292.90 exposes 1305.40. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Unchanged from yesterday: “Prices remain locked between support at 101.28 and resistance at …

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