Fed Chair Powell Testifies
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
USD/CHF: 'Double Top' led to decline
Information is not investment advice
The last 'Double Top' pattern led to the current decline. There's also a 'Flag' pattern, which has been broken, but the 89 Moving Average acted as support. Thus, it's likely to have an upward correction towards the previously tested resistance at 1.0067. The subsequent pullback from this level could lead to another decline towards the next support at 1.0023, so we could have a new local low.
Sergey Logachev
Similar
Japanese Yen Skyrockets
The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
Dollar Erases Losses as Risk Aversion Grips
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
Popular
GBP got support after BoE's report
Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.
Fed Chair Powell Testifies
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
Japanese Yen Skyrockets
The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
Choose your payment system
