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!
GBP/CHF reversed from powerful resistance level 1.3300
2019-11-11 • Updated
- GBP/CHF reversed from powerful resistance level 1.3300
- Next sell target - 1.3300
GBP/CHF today reversed sharply from the powerful resistance level 1.3300 (which stopped the previous intermediate impulse wave (1) at the end of October, as can be seen below). The resistance zone near the resistance level 1.3300 was strengthened by the upper daily Bollinger Band. GBP/CHF is expected to fall to the next sell target at the next round support level 1.3000 (which reversed previous waves A, (2) and 2).
What happened? It looks like the decline in EUR/CHF to 1…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.