USD/CHF flat, around 0.8920

The USD/CHF currently trades at 0.8920, at the same price level it had at the beginning of the day.

The USD/CHF currently trades at 0.8920, at the same price level it had at the beginning of the day. During the day the pair moved sideways, after the upside found resistance at 0.8930/35 and pulled back.

Price action remained quiet during Friday, with the pair consolidating marginal weekly losses after being unable to break above 0.8950, where an important short-term resistance is located.

Outlook for the USD/CHF 

The pair consolidate during all week, after rising in the previous week, when it broke important short-term resistance formations, moving away from 0.8850.

The pair is moving with a short term bearish bias, but still hold some upside momentum, coming from last week. A consolidation below 0.8900 could turned momentum decisively to the downside.

USD/CAD climbs further above 1.0700

The USD/CAD continued to rise during the American session and printed a fresh high at 1.0735, hitting levels not seen in two weeks.

The USD/CAD continued to rise during the American session and printed a fresh high at 1.0735, hitting levels not seen in two weeks. The pair holds near daily highs, on its way toward the best day since March.

The Loonie is falling across the board after a weak employment report from Canada, that pushed the USD/CAD to the upside.

USD/CAD changes tone dramatically 

Before the employment report the USD/CAD was trading in a range between 1.0690 and 1.0620, where multi-month lows, holding a bearish tone on a wider perspective. A few hours ago the pair broke above 1.01690 and jumped above 1.0700 breaking an important resistance.

Now the pair is showing overbought lectures in short-term indicators but on a wider perspective they have changed from neutral to bullish.

EUR/JPY consolidating below 138.00

The EUR/JPY remains stable on Friday, hovering around 137.75 , slightly lower for the day.

The EUR/JPY remains stable on Friday, hovering around 137.75 , slightly lower for the day. During the European session the pair peaked at 138.02, but failed to hold above 138.00 and pulled back.

In the short term the pair is moving sideways with immediate support at 137.65 and resistance below 138.00. On a wider view, there is a slightly bearish bias. Price action remains near an important resistance located at 137.50 (July 10 low).

EUR/JPY worst week since June

The EUR/JPY is steady on Friday, but is consolidating weekly losses, trading almost a hundred pips below the price it had a week ago. If it ends below 137.70 it would post the lowest weekly close since November 2013.

                           -----"Lucky Trading"----- 

                 Stay with us on facebook "Click Here"