What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF rising inside sharp minor correction
2019-11-11 • Updated
- USD/CHF rising inside sharp minor correction
- Next buy target - 0.9800
USD/CHF continues to rise inside the sharp minor correction which started earlier with the weekly Bullish Engulfing from the powerful support zone located between the support levels 0.9460 and 0.9550 (which has been steadily reversing all downward corrections from the end of 2015, as can be seen from the weekly USD/CHF chart below). This support zone was further strengthened by the lower weekly Bollinger Band. USD/CHF is expected to rise to the next buy target at the next resistance level 0.9800 (former strong support from April).
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...