XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
USD/CHF: look for buy trades
Trade ideas
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).
Elizabeth Belugina
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Latest news
XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
Stock market: the earnings of Cisco, Nvidia, and Walmart
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
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