Long-Term Analysis Of Major Assets

• 14 Dec 2017

USD/JPY

After a break of both the 50- period and 100- period SMA, the USD/JPY pair has experienced a sell-off amidst a moderate downtrend since last year. A bullish break on MACD has failed to result in any real traction for the U.S. Dollar which is expected to continue its weakness into 2018.

USD/CHF

The USD/CHF pair is embarking on an upward trend. A break of the trend resulted in the pair bouncing back from a bullish trend line. Despite testing both the 50- period and 100- period SMA, it seems likely that a the pair will resume the uptrend after a this short pause as confirmed by a bullish break on MACD.

GOLD

A previous uptrend on the GOLD chart may have come to an end given the clear break of an established trend-line. The break also resulted in the pair dropping below moving averages. Despite apparent buying pressure this month, MACD indicates that the bearish move will continue.

GBP/USD

The GBP/USD pair has broken both the 50-period and 100- period moving average. MACD has remained flattened in bullish territory since the end of April this year. RSI has a positive trajectory and although the indicator is approaching overbought conditions, it appears there is still further upside potential.