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: look for buy trades
2019-11-11 • Updated
BUY 0.9950; TP1 0.9980; TP2 1.0015; SL 0.9935
BUY 0.9860; TP1 0.9910; TP2 0.9980; SL 0.9840
USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area and reached the 0.9940 zone where it met some resistance. The pair formed a higher low and broke above resistance line from early May. Indicators show that it has the potential to shoot upwards, although this may happen after a correction lower. The break above 0.9950 will open the way up to 0.9980 (200-day MA) and 1.0015 (June high). The closest support is at 0.9910 (50-day MA). If USD/CHF falls below it, traders will have a chance to place bullish bets at 0.9860 (support line connecting June and July lows).
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?!