We have outlooked several promising Forex pairs and the result can surprise you!
NZD/CHF: bears remain active
Information is not investment advice
NZD/CHF formed a bearish candlestick with a long lower shadow on W1. On D1, there was a “bearish engulfing” pattern followed by a bearish candlestick. It means that as long as the pair is trading below 0.6565 (resistance level marking a top), downside risks prevail.
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.