Trading news

Technical Analysis: USD/CHF, USD/CAD, GBP/USD

Dollar against the franc was able to confirm the breach of 0.9400 upping expectations likely bearish intraday direction where there is our next goal 0.9200 SMA 50 offers good support for the expected decline, which remains valid, provided stability below 0.9400 and 0.9440

The trading range expected for today is between: support at 0.9200 and resistance 0.9440 General tendency expected for today: DOWN USD/CAD - Pair U.S. dollar against the Canadian dollar was able to breaking the 50 SMA at 1.0355 and settled daily closing below it, to reinforce our bearish intraday direction which is designed to test the support for the ascending channel at 1.0285 It is necessary to observe the price upon the arrival of the stated objective, as the confirmed break of this level would extend the decline towards 1.0130 initially.

The trading range expected for today is between: support at 1.0200 and resistance 1.0400 General tendency expected for today: DOWN GBP/USD - GBP against the U.S. dollar Continue bullish intraday direction, approaching the level of 1.5400. SMA 50 continues to support price from the bottom, to continue our expectations upside effectively, and extended reach targets at 1.5560 A break of 1.5150 will stop the positive outlook and leads to a momentary shift towards decline.

The trading range expected for today is between: support at 1.5200 and resistance 1.5560 General tendency expected for today: UP

Tuesday, 23 Jul, 2013 / 6:56

Source : https://www.firstbinaryoption.com

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