December 5th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

USD/CHF has formed a nice hammer sitting on top of support at the 0.90 level, showing that this pair may be getting ready to break out at this point. Makes sense to us - the USD is a "safe haven" currency, and the Franc is being worked against by the SNB.

USD/JPY continues to grind higher, but those who are not paying attention to the greater resistance line at 80 are doomed to losses.

The GBP/USD pair rose during the week, but has now formed a shooting star at the bottom of the recent plunge, and this suggest that if we can get below the 1.53 level - we go much farther.

Published on 3rd of December 2011
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