USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
The week started badly for oil
Information is not investment advice
WTI oil formed a “dark cloud cover” pattern on D1 near the downtrend resistance line. Yesterday’s candlestick was also bearish with a longer upper wick - a sign that sellers are in control of the market. Today the price opened with a bearish gap. It has topped above 53.00 and is once again testing levels below the 200-week MA at 52.60. Last week oil managed to close above this line, so we won’t have big downside targets, but a decline to 51.60 in the short-term looks quite possible.
Notice that to trade WTI, you need to choose WTI-19N in your MetaTrader.
Elizabeth Belugina
Similar
NZD/CHF: earning on volatility
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
Levels to trade AUD/JPY
AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.
Popular
Gold and Japanese yen: who is not a safe-haven asset anymore?
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 may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
GBP: pressure points
This week brought various economy news releases related to GBP. What is the layout of the British pound?
Choose your payment system
