Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

 AUD/CHF may fall further

AUD/CHF may fall further

Information is not investment advice

Given the global economic and political background, there are all reasons to expect further deterioration in the market’s risk sentiment. In this environment, selling AUD/CHF seems like a good idea. The technical setup is also favorable for short positions. This month, the pair has firstly run into the resistance of the declining 100-day MA at 0.6845 and then slipped below the 50-day MA at 0.6715. An attempt to get above this level which took place yesterday failed. Now the fall below 0.6675 (50% Fibo of August-September advance) will open the way down to 0.6630 and 0.6575, 61.8% and 78.6% Fibo retracements levels respectively.   

AUDCHF.png

Similar

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Popular

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Choose your payment system

Learn more