SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF rising inside minor impulse wave 3
2019-11-11 • Updated
- NZD/CHF rising inside minor impulse wave 3
- Next buy target - 0.7160
NZD/CHF continues to rise inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of September. The active impulse wave (3) started when the pair reversed up from the support zone lying between the pivotal support level 0.6850 (which reversed the previous minor correction 2 in June, as can be seen below) and the lower daily Bollinger Band. NZD/CHF is expected to rise further to the next buy target at the next resistance level 0.7160.
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
The Battle for Oil. OPEC Strikes Back
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold is Rising Despite Inflation Returns
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Can the Chinese Economy Recover?
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
