ffi-feature-01-17-2018-cms

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18786 and 1.20398.

- Support line of 1.16794  and 1.15182.

Commentary/ Reason:

- The euro climbed to its highest against the U.S. dollar since May 2018 before profit taking.

- Against the euro, the dollar relaxed at $1.1829 on Friday.

- Both Stochastic and RSI indicators entered the oversold ranges of 20 and 30, respectively.

- The MACD is trading below its signal line and negative. The configuration is negative.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92071 and 0.93179.

- Support line of 0.90702 and 0.89595.

Commentary/ Reason:

- The dollar teetered near a five-year low against the safe-harbour Swiss franc at 0.9127.

- Stochastic oscillator entered overvalued range of 80.

- RSI oscillator also following towards the overvalued range.

- The MACD is trading above its signal line and positive. The configuration is positive.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31647 and 1.32539.

- Support line of 1.28759  and 1.27867.

Commentary/ Reason:

- The British pound rose to a five-month high against the dollar after the Bank of England left interest rates at 0.1% and warned about possible risks from taking rates below zero.

- Before currently relaxes at 1.3102

- Both Stochastic and RSI indicators are pulled towards the oversold ranges of 20 and 30, respectively.

- The MACD is trading below its signal line and negative. The configuration is negative.

GBPUSD