The Dollar Makes A Recovery Against The Swiss Franc

• 11 Sep 2018

 

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USD/JPY

The USD/JPY pair is recovering from the 110.65 support level, after a strong bearish move appears to have been replaced with bullish sentiment.  A break of the descending trendline could send price action to the 111.81 price level, once again. Momentum indicators are neutral if slightly bullish.

 

 

 

 

 

EUR/USD

The EUR/USD pair continues to test the 1.153 support level as the pair enters into a new trading range between the 1.153 and 1.179 price levels. Momentum indicators are bullish; with MACD breaking the zero line and RSI crossing the 50 default line.

 

 

 

 

 

GBP/USD

The GBP/USD pair’s bullish recovery is again underway and buyers have returned to test the 1.306 price level. MACD is approaching the zero line and RSI is has a sharp upward trajectory.

 

 

 

 

 

 

USD/CHF

The USD/CHF pair has begun to move away from a key support level at the 0.963 price line, as buyers seem to have returned to the pair. MACD has stalled in bearish territory and RSI continues its upward trajectory.

 

 

 

 

 

USD/CAD

The USD/CAD pair has rallied significantly in recent trading, however the break of the 1.316 resistance line was short-lived. The pair is now testing the ascending trendline. MACD has broken the zero line to the upside and RSI has flattened in bullish territory.

 

 

 

 

 

SILVER

Silver has experienced a break to the downside of the descending triangle which confirms the bearish bias. A series of doji candles may indicate a rest period in the longer-term bearish trend. MACD has extended its bearish position and volume has increased into the bearish move.

 

 

 

 

GOLD

The recent bullish move has culminated in a break of the descending trendline and the metal is now testing the 1209.70 support level. A series of doji candles indicates indecision from traders. MACD is undergoing a momentum reversal and RSI has stalled in neutral territory.

 

 

 

 

 

OIL

Oil has reverted a break of the 68.84 price level which is a key resistance line. The break has also included an ascending trendline, with sellers testing the 67.32 price level. MACD has broken the zero line to the upside and RSI has a downward trajectory.