Monthly Archives: June 2018

EURCHF trading within range, looks neutral over short-term

EURCHF touched a three-and-half year high of 1.2003 on April 20, before falling violently to post a ten-month low of 1.1366 on May 29. The pair recovered somewhat in the subsequent weeks and ever since May 31, it has been trading within a relatively tight sideways range, between 1.1480 and 1.1645.

Japanese Yen Disagrees With Gold

The price of gold carries on an interesting relationship with the exchange rate of the Japanese yen versus the dollar. Most of the time, the two move together, but they occasionally disagree. When that happens, it is usually the chart plot of the yen which ends up being “right” about where both…