BuchoFX1

BuchoFX1

Yesterday's Core CPI boosted Dollar against many currencies, USDCHF was on its area of confluence for Bulls to take over the market. This may be a long run for the pair.

BuchoFX1

The Swissie index recently performed well against other Baskets but created a good sign of relaxation as it reached a previous resistance, while on the other side the Dollar is still in its Bullish momentum.

BuchoFX1

After reaching its highest peak since January 2017, the US Dollar may take a break this week making GBPUSD to run up to 1.2450 which may give up to 200 pips, this is after it moulded a very strong bullish drive from a very strong demand zone.

BuchoFX1

The price is currently trapped under a flag channel, being ready pushed away from resistance line the price may fall to 1.0365 as 1st key support. News unconsidered.

BuchoFX1

A nice bullish flag pattern drawn within 3 days since 7,June has com to an end after a clear breakout at this time of writing. Key resistance above 0.9094 and 0.9138

BuchoFX1

CXY or the Canadian Dollar experienced massive rally from the 2nd week last month and raided most of its rivals. But at this point of writing. CXY broke resistance trendline after it reached its peak and its weakness starts to show itself in some pairs ie CADJPY,GBPCAD,NZDCAD and USDCAD mostly when you view in Daily candles.

BuchoFX1

The price is still consolidating at a key support. We can wait a possible bullish candlestick pattern for confirmation. The movement can take place up to 1874.00

BuchoFX1

Short trade to take few pips from XAUUSD from a key support trendline.

BuchoFX1

The price bounced after meeting a very strong support, add with a break of trendline. In addition, We witnessed a strong CAD last week driving most of the currencies, so we expect a bit relax this week, which will add strength to Euro.

BuchoFX1

A nice triangle pattern drawn last week came to an end this morning, Pound continueto be weaken against the Buck Possible support expected around 1.21600

BuchoFX1

With the aid of Australian Dollar's cash rate this morning the market forced to break out of the triangular consolidation took place for about 1 month. Next stop expected at 1.68000

BuchoFX1

Potential key resistance level expected at 0.64500

BuchoFX1

A clear bullish triangle pattern drawn at key support zone. Breakout above resistance line will welcome Bulls to rally the market up to a key resistance zone at1.2400

BuchoFX1

After a long period consolidation at a key support zone EURCHF seem to prepare for a rally, Being supported by strong Euro this week. A breakout above 1.0340 will favour Bulls up to a key resistance 1.0490

BuchoFX1

A bullish triangle drawn at a key significant support zone with a supportive bullish daily candle printed on Thursday last week. Key resistance expected at 1.2400