What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF: price to test nearest support
2019-11-11 • Updated
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed. Thus, it's likely to have a local downward correction towards the nearest support at 1.0098 - 0.0083. If a pullback from these levels happens next, there'll be a moment for another decline. In this case, we should watch the closest resistance at 1.0169 - 1.0190 as a potential bullish target.
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The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...