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USDCHF is in range trading between 1.0032 and 1.0337

Posted Today at 12:22 AM by ForexCycle.com (Free Forex Market Analysis)

USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards 0.9900 is still possible in a couple of week. Key resistance is located at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area.

For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.

Weekly Forex Analysis

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EURUSD Weekly Summary: Still under pressure, Euro able to stay above 1.4820

Posted Yesterday at 09:03 PM by Setyo Wibowo (FXInstructor.com Daily Forecasts with Setyo Wibowo)

EURUSD Weekly Summary: Still under pressure, Euro able to stay above 1.4820 key support level

The EURUSD made another downside attempted yesterday, slipped below 1.4820, bottomed at 1.4801 but still closed above 1.4820 at 1.4860. On my daily chart below, we can clearly see that 1.4820 has been providing a good support area as price bouncing to the upside after touched or slipped below that area. I have no doubt in mind that this level plays a very important role at this phase, a key level to be watched carefully in the upcoming week.

As you may already know, I already see a potential double top bearish reversal scenario since November 10. The double top bearish reversal scenario now still making good progress...

Tags: eur/usd, euro, eurusd

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Daily Currency Analysis

Posted Yesterday at 04:59 PM by TraderPlanet.com (TradingEducation.com, Darrell Jobman, Editor-in-Chief)

EUR/USD

The Euro weakened to lows around 1.4840 against the dollar on Thursday as technical considerations tended to dominate within narrow ranges. The Euro was also unsettled to some extent by a general increase in risk aversion. The dollar was unable to make a serious attempt on breaking Euro support in the 1.4820 region as markets lacked momentum.

The Philadelphia Fed index was stronger than expected with a further increase in the headline index to 16.7 from 11.5 the previous month. The employment component remained negative, but was at the highest level for over 12 months. Leading indicators rose a further 0.3% for October.

Elsewhere, jobless claims were unchanged at 505,000 in the latest week...

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Inflation Scorecard: Prices Bottoming

Posted Yesterday at 04:57 PM by HardAssetsInvestor.com (Brad's Desktop)

Real-time Monetary Inflation (last 12 months): 4.6%

Data published by the U.S. Bureau of Labor Statistics this week shows U.S. inflation continuing to bottom. Year-over-year, the Consumer Price Index slipped 0.2 percent in October, its shallowest decline since March. Wholesale prices for finished goods, metered by the Producer Price Index, fell 1.9 percent annually, also the smallest decline since March.

Key inflation markers notched in the week ending Thursday include:

* Gold fixes in London averaging $1,130 an ounce; Thursday morning's fix at $1,136 put gold prices up 1.8 percent for the week; COMEX spot settlements averaged $1,135.10, up 3.2 percent.

...

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