Trade ideas for March 28 - April 1
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!
NZD/CHF broke resistance zone
2019-11-11 • Updated
- NZD/CHF broke resistance zone
- Next buy target - 0.7130
NZD/CHF continues to rise inside the intermediate impulse wave (3) , which previously broke through the resistance zone lying between the pivotal resistance level 0.7010 (which reversed the previous minor corrective wave (b) in the middle of October) and 50% Fibonacci correction of the previous intermediate impulse wave (C) from the end of July. The breakout of this resistance zone accelerated the active impulse wave (3). NZD/CHF is expected to rise to the next buy target at the next resistance level 0.7130 (monthly high from September).
Similar
Quadruple Witching is a Magical Day for Markets
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!
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
Latest news
Gold and the Majors ahead of the NFP
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
The Oil Market in the Month of June
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Gold’s Next Move Could Be Huge!
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.
