EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
NZD/USD: an interesting setup
Information is not investment advice
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1. All in all, this pattern implies that the pair may rise as high as to 0.6565 (61.8% Fibo of the July-October decline) and 0.6590 (200-day MA). The close of October candlestick on the monthly chart was positive. Fundamentally, the pair will rise if the US and China make a breakthrough in trade talks and the USD remains weakened by the domestic figures. To confirm the upside, NZD/USD has to break above 0.6460 (100-day MA).
Elizabeth Belugina
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EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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