Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/CHF broke key resistance level 1.1620
2019-11-11 • Updated
- EUR/CHF broke key resistance level 1.1620
- Next buy target - 1.1700
EUR/CHF recently broke through the key resistance level 1.1620 (which reversed the price multiple times at the start of June as can be seen from the daily EUR/CHF chart below). The breakout of this resistance level continues the active minor impulse wave (iii) of wave C – which belongs to ABC correction (B) from May. EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1700.
Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.