We have outlooked several promising Forex pairs and the result can surprise you!
CAD/CHF: long-term trade
Information is not investment advice
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here. As you can see, the pair formed 2 doji candlesticks near the 100-week MA (0.7580). Other moving averages will provide support at 0.7520 and 0.75. The loss of that level, however, will confirm a top and send the price down to 0.74 and 0.7250 in line with harmonic patterns. This trade will take time.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.