The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
CAD/CHF has been moving to the resistance
Information is not investment advice
On the daily chart, CAD/CHF has almost reached the resistance range at 0.75415-07556. RSI indicator and the stochastic oscillator are near the overbought area. It means that the reversal is close. When the pair turns around, the first target will lie at 0.7461.
However, the pair may get an additional boost. To continue the upward movement, CAD/CHF needs to stick above 0.7556. The target is at 0.7613.
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.