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18 Apr 2013

Forex: USD/CHF trades above 0.9300

FXstreet.com (San Francisco) - After testing levels below the 0.9300 level in the American session, the USD/CHF is currently recovering this level and advancing to test the 0.9325 region. Currently the pair is trading at 0.9315.

Despite recent advances, the pair is still 0.10% negative on the day and it's trading slightly bearish according to the FXstreet.com trend index. Indicators are mixed as CCI and Momentum are pointing higher while the MACD is neutral and the Stochastic is Bullish.

Next resistances are at 0.9330, 0.9340 and 0.9360. On the downside, supports are at 0.9300, 0.9290 and 0.9265.

Apr 18, 2013

Forex: US Dollar Index found support at 82.50

The greenback, measured by the US Dollar Index, is markedly lower on Thursday, bouncing off session lows around 82.50 as risk appetite prevailed amongst traders...

Forex: EUR/USD back to 1.3045/50

The upside momentum in the single currency faltered in the proximities of the key resistance at 1.3100 on Thursday, dragging the cross back to the mid 1.3000s...