Daily Forex News

USD/CHF recovers again after 1.0284 but yet, as long as 1.0489 resistance holds, further decline is still in favor. Further fall could still be seen to 61.8% projection of 1.1740 to 1.0590 from 1.0883 at 1.0172. However, break of 1.0489 will be an important signal that USD/CHF has bottomed out…

Swiss Franc spikes lower after SNB left rates unchanged and pledged it will continue to counter appreciation of the franc. The three-month Libor was left unchanged at 0.25% as widely expected. SNB noted in the accompanying statement that there are still “considerable” uncertainty as to future developments and hence SNB…

Swiss Franc spikes lower after SNB left rates unchanged and pledged it will continue to counter appreciation of the franc. The three-month Libor was left unchanged at 0.25% as widely expected. SNB noted in the accompanying statement that there are still “considerable” uncertainty as to future developments and hence SNB…

Swiss Franc spikes lower after SNB left rates unchanged and pledged it will continue to counter appreciation of the franc. The three-month Libor was left unchanged at 0.25% as widely expected. SNB noted in the accompanying statement that there are still “considerable” uncertainty as to future developments and hence SNB…

At this point, intraday bias in GBP/JPY remains on the downside with 151.73 minor resistance intact. Fall from 163.05 might have resumed and deeper decline should be seen towards 146.75 key support next. On the upside, above 151.73 minor resistance will indicate that consolidation from 149.01 is possibly still in…

EURJPY’s rebound from 131.29 extends further today but after all risks remain on the downside with 134.38 resistance intact. Fall from 138.70 is still in favor to continue. Below 132.45 minor support will flip intraday bias back to the downside first. Further break of 131.29 will bring fall resumption to…

EURJPY’s rebound from 131.29 extends further today but after all risks remain on the downside with 134.38 resistance intact. Fall from 138.70 is still in favor to continue. Below 132.45 minor support will flip intraday bias back to the downside first. Further break of 131.29 will bring fall resumption to…

EUR/GBP retreats mildly after rising to 0.8933, just inch below mentioned 38.2% retracement of 0.9799 to 0.8399 at 0.8934. At this point, intraday bias remains on the upside as long as 0.8879 minor support holds and further rally should still be seen. Sustained trading above 0.8934 will pave the way…

EUR/CHF’s recovery from 1.5109 continues today. Considering that 1.5108 support was nearly met with bullish convergence condition in 4 hours MACD, fall from 1.5364 might have completed at 1.5109 already. Break of 1.5202 resistance will affirm this case and turn intraday bias back to the upside. FUrther break of 1.5242…

Although intra-day rise to 0.8776 suggests recent upmove remains in progress and gain towards 0.8800 cannot be ruled out, overbought condition should limit upside to 0.8813 (61.8% projection) and bring a long overdue correction later.