Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

USDCHF and USDJPY: USDCHF continues the bullish trend

USDCHF and USDJPY: USDCHF continues the bullish trend

During this morning’s Asian trading session, the previous bullish consolidation of USDCHF continued. 
During this morning’s Asian session, USDJPY was in a bullish consolidation

USDCHF chart analysis

During this morning’s Asian trading session, the previous bullish consolidation of USDCHF continued. A new seven-day high was formed at the 0.86938 level. This morning, the pair was supported by the EMA 200 moving average, which had a positive effect on the rest of the day. We are now at 0.86800 and believe we will see further recovery by the end of the day. Potential higher targets are the 0.87000 and 0.87200 levels.

For a bearish option, it’s crucial for USDCHF to move back below the 200 EMA and 0.86500 level. These steps are key indicators as they signal a move below the weekly open price and confirm that the pair is under pressure. After that, we will see a further pullback and the formation of a new weekly low. Potential lower targets are 0.86400 and 0.86200 levels.

 

USDJPY chart analysis

During this morning’s Asian session, USDJPY was in a bullish consolidation. Now, in the EU session, we are looking at the continuation and formation of the daily high at 147.50. This consolidation looks stable, and we believe we will see further advances to the bullish side. Potential higher targets are the 148.00 and 148.50 levels.

Additional resistance could be represented by the EMA 200 moving average in the zone of 148.00 levels. We need a negative USDJPY consolidation back to the weekly open price for a bearish option. With the impulse below, we go to the negative side and form a new weekly low. This confirms the bearish pressure on the pair, which could continue. Potential lower targets are 146.00 and 145.50 levels.

 

The post USDCHF and USDJPY: USDCHF continues the bullish trend appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com