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: franc was eaten by a shark
2019-11-11 • Updated
TP1 0.9745 TP2 0.9755 TP3 0.9780
On the daily chart, USD/CHF keeps rallying towards 224% and 88.6% targets of AB=CD and the “Shark”. The bulls are in control of the situation, the pullbacks and successful tests of resistances should be used for buying.
On H1, USD/CHF formed AB=CD with a target at 200%. The previous resistance at 0.9645 is currently acting as support. As long as the pair didn’t fall below 0.9560, bulls have nothing to worry about.
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?!