SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF broke above the parity
2019-11-11 • Updated
- USD/CHF broke above the parity
- Next buy target - 1.0100
USD/CHF continues to rise following the earlier breakout of the parity - which reversed the price with the daily Shooting Star Japanese candlesticks reversal pattern earlier this month – as can be seen below. If the pair closes today above the parity - USD/CHF can then be expected to rise further to the next buy target at the next resistance level 1.0100 (forecast price for the completion of the active minor impulse wave 3 from last week).
Similar
USD/CHF: approaching the bottom?
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.
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Latest news
USD: Powell Speaks on Cutting Interest Rates
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 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
