EUR/JPY is on shaky ground
The euro is fundamentally weak
USD/CHF is testing lows
Information is not investment advice
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695. The weekly pivot is at 0.9752 and it implies that bears are in control of the market. The 100-day MA is about to cross the 200-day MA to the downside. Yesterday USD/CHF closed below the 50% retracement of the 2018-2019 advance at 0.9710. There’s scope for further declines within the downtrend channel. The downside targets include 0.9650 and 0.9590.
Elizabeth Belugina
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AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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EUR/JPY is on shaky ground
The euro is fundamentally weak
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