What will happen? This week several important macroeconomic reports will be presented…
USD/CHF: the franc is weak
2019-11-11 • Updated
BUY 0.996 SL 0.9905 TP1 1.006 TP2 1.018 TP3 1.04, BUY 1.0005 SL 0.995 TP1 1.0105 TP2 1.018 TP3 1.04
On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0. The rebound from the supports at the 23.6%, 38.2% and 50% levels from the CD wave is usually used to open long positions towards the 161.8% target of the AB=CD pattern.
On H1, bulls managed to reach the targets of the “Wolfe Waves” pattern. If the diagonal resistance between the 2 and 4 marks is broken, the “Broadening Wedge” pattern may be implemented. In that case, the pair can move further up.
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?