SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF reversed from powerful resistance level 0.7290
2019-11-11 • Updated
- AUD/CHF reversed from powerful resistance level 0.7290
- Next sell target - 0.7150
AUD/CHF continues to fall after the earlier downward reversal from the powerful resistance level 0.7290 (former major support level which had been reversing all downward impulse waves from the start of August, as can be seen from the daily AUD/CHF chart below). If the pair closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Evening Star.
AUD/CHF is expected to fall in the active intermediate impulse wave (3) toward the next sell target at the support level 0.7150.
Similar
Aussie Selloff Ahead?
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.
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.
Latest news
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
