The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/CHF may consolidate
Information is not investment advice
On the daily chart of AUD/CHF, the pair is near the resistance at 0.6936. RSI is near the overbought area, Stochastic oscillator is already there. It means that the risks of the fall are high. In the case of the rebound, the pair will move to the support at 0.6878. Rise of the pair may be seen if only it sticks above 0.6936. However, the next resistance is close - 0.6990.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
EUR/AUD has been in consolidation lately; are there any clear bullish signs or it is better to hold positions?
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.