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 reversed from support area
2019-11-11 • Updated
- EUR/CHF reversed from support area
- Next buy target - 1.1450.
EUR/CHF continues to rise after the recent upward reversal from the support area lying between the major support level 1.1260 (former key support level from the middle of 2017) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the previous medium-term impulse wave (C) from July. EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1450.
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%.