Technical Overview of CHF/JPY,
USD/CHF and EUR/USD Currency Pairs
CHF JPY
The CHF traded lower against the JPY and closed at 109.923.
CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).
According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.
Previous Day range was 5350 and Current Day Range is 3170.
USD CHF
The USD traded higher against the CHF and closed at 1.0200.
The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend.
The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.
USD CHF previous Day range was 50.7 and Current Day Range is 16.5.
EUR USD
The EUR traded higher against USD and closed at 1.1154.
The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.
According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.
EUR USD previous day range was 85.3 and current day range is 15.5.
https://xtreamforex.com/academy/tech...urrency-pairs/
USD/CHF and EUR/USD Currency Pairs
CHF JPY
The CHF traded lower against the JPY and closed at 109.923.
CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).
According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.
Previous Day range was 5350 and Current Day Range is 3170.
USD CHF
The USD traded higher against the CHF and closed at 1.0200.
The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend.
The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.
USD CHF previous Day range was 50.7 and Current Day Range is 16.5.
EUR USD
The EUR traded higher against USD and closed at 1.1154.
The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.
According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.
EUR USD previous day range was 85.3 and current day range is 15.5.
https://xtreamforex.com/academy/tech...urrency-pairs/