
What happened? It looks like the decline in EUR/CHF to 1…
2019-11-11 • Updated
AUD/CHF recently reversed up from the support zone lying between the pivotal support level 0.7280 (which has been reversing the price from the start of May, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward price impulse 1 from the start of June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7400.
What happened? It looks like the decline in EUR/CHF to 1…
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.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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