Asian shares scaled a record high on Friday on growing prospects of a large U.S. economic stimulus package, while hopes that coronavirus vaccine rollouts will boost the global economy underpinned investor sentiment.
How about CHF/JPY?
2020-10-20 • Updated
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90. The Awesome Oscillator is turning up from the zero area, so there is plenty of scope for the advance.
Trade idea for CHF/JPY
BUY 116.20; TP 116.90; SL 116.00
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
The US dollar stayed under pressure as riskier currencies benefited from the increased optimism.
Amazon's stock is calming down. Is it before a bullish storm?
The mix of economic reports from Canada and the USA will have a huge impact on the pair! Get ready with us!
GBP/USD is heading for the fifth week of gains. Will the rally up continue or stop?