USD/CHF Fundamental Market Review and Forecast

Technical Analysis
07. 11. 2017
USD/CHF Fundamental Market Review and Forecast

The dollar continues to enjoy the support of investors amid expectations of the adoption of a new tax reform, but Donald Trump requires the Senate's support for the implementation of the tax changes. At the same time, Republicans are developing another form of tax reform, as many senators oppose a substantial increase in the budget deficit.

Today will yield data on the number of vacancies in the labor market (Jolts) and we would hear from the current Fed chief Janet Yellen.

Currently, our pair is trading at the psychological level of 1.000 and trying to consolidate above that level.

Our technical indicators also give us signals to buy. The stochastic came out of the ADX and the RSI is oversold, showing us signs to buy.

Our objectives right now are to buy in the area of the level of 1.000 with the immediate target 1.040. In the case when the price would not be able to consolidate above this level, the price is expected to pull back to the level of 0.9945.

SuperForex
GBP/CAD Technical Outlook & Daily Chart

Technical Analysis

GBP/CAD Technical Outlook & Daily Chart

The GBP/CAD is inside a price channel and we expect new highs after the divergence.

SuperForex
06. 11. 2017
Powell Named Next Fed Chief

Technical Analysis

Powell Named Next Fed Chief

Trump's nomination of Jerome Powell as next chief of the Federal Reserve didn't shock the markets.

SuperForex
03. 11. 2017
USD/MXN: Fundamental Review and Forecast

Technical Analysis

USD/MXN: Fundamental Review and Forecast

Earthquakes impact the rate and caused an upward trend, though it's losing its intensity and the MXN may recover after the sharp economic drop.

SuperForex
03. 11. 2017