Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/CHF: confirmed 'V-Top' pattern
Information is not investment advice
All the Moving Averages have been broken, but there's a 'V-Top' pattern, which has been confirmed. Thus, it's likely that the market is going to test the nearest support at 1.0000 - 0.9989 and the Moving Averages soon. The subsequent pullback from these levels could be a starting point for another advance towards the next resistance at 1.0039 - 1.0051.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
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?