SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF reversed from resistance zone
2019-11-11 • Updated
- NZD/CHF reversed from resistance zone
- Next sell target - 0.7030
NZD/CHF recently reversed down from the resistance zone lying between the powerful, multi-month resistance level 0.7090 (which stopped the previous sharp A-wave in January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave C. NZD/CHF is expected to fall toward the next sell target at the next support level 0.7030 (former resistance from the start of April).
Similar
USD/CHF: approaching the bottom?
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Latest news
TRADE IDEA: IS THE FUTURE OF GOLD CLEAR YET?
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
TRADE IDEA: Technical Breakdown of Top Cryptos
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.
CBDC: Technology of the Future or Dystopia?
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.
