The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Tag - chf - swiss franc
GBP/CHF slipped below the 50-day MA this week. The line is currently acting as resistance at 1.1905. Earlier declines below it led to bigger moves down.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.
The Bank of Canada cuts its interest rate bigger than it was expected. Should we wait for more CAD weakness?
The US dollar drops to strategic lows against the Swiss franc. Will that keep going on?
AUD is a very interesting currency among the major ones. What are its most useful peculiarities?
AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern.
New Zealand jobs data is out today at 23:45 MT time. Check how you can benefit from this release in your trade.
The week was tough for risky assets due to the outbreak of coronavirus. Let’s see which currency pairs showed the best and the worst performance.
CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.