Recommendation: BUY 0…
USD/CHF: franc broke loose
On the USD/CHF daily chart, the Bears managed to withdraw quotes from short-term upward and long-term downward trading channels. This increases the risks of realization of the targets 224% and 127,2% in the AB=CD and Crab patterns. In case of the strong bearish trend you should consider selling on the growth. The nearest resistance can be found at 0.9635.
On the USD/CHF hourly chart, the downward movement continues. Bears indicated their presence at the level of 0.964.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…