Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

USDCHF and USDJPY: USDCHF is down to 0.90243 this morning

USDCHF and USDJPY: USDCHF is down to 0.90243 this morning

During this morning’s Asian trading session, USDCHF retreated to a new weekly low at the 0.90243 level. 
USDJPY retreated yesterday to the 156.37 level, forming a weekly low there. 

USDCHF chart analysis

During this morning’s Asian trading session, USDCHF retreated to a new weekly low at the 0.90243 level. Yesterday we had a strong bearish consolidation with the 0.91400 level. Today, we see a recovery from this morning’s low to the 0.90620 level. The pair is in momentum and could continue with further recovery to the bullish side. Potential higher targets are 0.90700 and 0.90800 levels.

Additional resistance in the 0.90750 zone is the EMA50 moving average, while the EMA200 is in the 0.9100 zone. We need a negative USDCHF consolidation back to this morning’s support zone for a bearish option. New pressure in that zone could initiate a push below to a new weekly low. Potential lower targets are 0.90200 and 0.90100 levels.

 

USDJPY chart analysis

USDJPY retreated yesterday to the 156.37 level, forming a weekly low there. After that, the pair stabilized there and initiated a positive consolidation, returning first above the EMA200 moving average. During this morning’s Asian trading session, we saw consolidation above the EMA200 and the initiation of bullish momentum above the 157.00 level. USDJPY is now at 157.30 and is in good momentum to continue further to the bullish side.

Potential higher targets are 157.40 and 157.60 levels. We need a negative consolidation and pullback below the 157.00 level for a bearish option. With that step, we fall below the weekly open price and return to the EMA200 in the 156.80 zone. Potential lower targets are 156.60 and 156.40 levels.

 

The post USDCHF and USDJPY: USDCHF is down to 0.90243 this morning appeared first on FinanceBrokerage.

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






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com