Comments and forex-analytics from FBS Brokerage Company - page 9
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Commerzbank: comments on USD/JPY
The greenback failed in the 82.45 area on Monday and went down to trade below 81.00 versus Japanese yen. Technical analysts at Commerzbank note that US currency is coming close to the lower border of last 5-months trading range.
Support for the pair USD/JPY is found at the base of a 3-month channel at 80.33 and the all time minimums in the 80.00/79.70 zone. The specialists believe that the latter levels will be able to hold the bears.
According to Commerzbank, downside pressure will ease if dollar manages to close the day above 81.15.
Commerzbank: comments on USD/CHF
The greenback is trading near the record minimum versus Swiss franc at 0.9150 as the demand for Swiss currency rose due to the concerns about Japan and the Middle East.
Technical analysts at Commerzbank note that US currency may extend declines to support line from October to March at 0.9120.
The lowest possible level for the pair USD/CHF is found at 0.9000 representing psychological Elliot wave and Fibonacci projections, believe the specialists. In their view, dollar will manage to hold at this level and reverse upwards.