SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY reversed from resistance zone
2019-11-11 • Updated
- CHF/JPY reversed from resistance zone
- Next sell target -111.00
CHF/JPY recently reversed down from the resistance zone lying between the key resistance level 113.00 (which also reversed the price in March, as can be seen from the daily CHF/JPY chart below), resistance trendline of the daily up channel from May and the upper daily Bollinger Band. CHF/JPY is expected to fall further toward the next sell target at the next support level 111.00 (target for completion of wave 2).
Similar
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
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
The Battle for Oil. OPEC Strikes Back
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold is Rising Despite Inflation Returns
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Can the Chinese Economy Recover?
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
