Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
USD/CHF: bulls are in defense
2019-11-11 • Updated
TP1 1.0005 TP2 1.0045 TP3 1.0145
On the daily chart, USD/CHF came to the lowest border of the uptrend trade channel and important support in the 0.9882-0.9891 area. If bulls manage to push the pair above these levels, risks of the uptrend’s resumption towards 161.8% of AB=CD will increase.
On H1, USD/CHF is retesting the neckline of “Head and Shoulders”. The pullback with the following successful test of resistance at 0.9940-0.9945 will trigger a “Crab” pattern with the target at 161.8%.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!