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USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area. The next Fibo level lies at 0.9340. On the W1 and the D1, there’s potential for further downside. On the H4, the pair looks a bit oversold, so that bull may initiate a correction. Resistance will lie at 0.9455 and 0.9500.
SELL 0.9390; TP 0.9340; SL 0.9405
BUY 0.9465; TP 0.9500; SL 0.9445
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What will happen? Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading below the Kumo…
What will happen? Tesla, the world's largest EV’s manufacturer, will present its earnings report for the second quarter on July 26 after the stock market closes (23:00 GMT+3)…
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