The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
USD/CHF Fibonacci analysis: 0.9940 as a key level for buyers
2019-11-11 • Updated
There is a strong bearish bias in the USD/CHF and it has been forming a channel since mid-July. Now, the target is placed in the Fibonacci expansion levels of 100% and 123.6%, which corresponds to the 0.9941 and 0.9399 levels respectively. Such forecast is strengthened by the RSI indicator that shows oversold conditions.
Around that Fibonacci’s area, the pair could start to rebound in three of five waves, towards the 200 SMA at H1 chart around 0.9580.
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