What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF reached buy target 1.0100
2019-11-11 • Updated
- USD/CHF reached buy target 1.0100
- Next sell target - 0.9870
USD/CHF continues to fall sharply after the earlier downward reversal from the resistance zone located between the resistance level 1.0100 (previous buy target), upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse from the start of January. The downward reversal from this resistance zone continues the active impulse waves 3 and (1).
USD/CHF is expected to fall to the next sell target at the next strong support level 0.9870 (which has been steadily reversing the price form the end of January).
Similar
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...