What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF rising inside minor impulse wave (iii)
2019-11-11 • Updated
- AUD/CHF rising inside minor impulse wave (iii)
- Next buy target - 0.7630
AUD/CHF has been rising in the last few trading sessions inside the minor impulse wave (iii), which started earlier from the support zone lying between the support level 0.7470 and the 38.2% Fibonacci correction level of the previous sharp upward impulse from the start of July. The upward reversal from this support area crated the daily Japanese candlesticks reversal pattern Morning Star. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7630 (top of the previous waves (ii) and (i)).
Similar
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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.
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...