We have outlooked several promising Forex pairs and the result can surprise you!
USD/CHF: levels for trading
Information is not investment advice
The decline of USD/CHF from February highs to March lows was epic. The pair reached support at 0.9185 (2018 low) and turned up on the W1 (notice that the reversal candlestick at this timeframe still hasn’t been formed) and the D1. The next obstacles on the upside lie in the 0.9400/15 area and at 0.9440 (38.2% Fibonacci). The advance above the latter is needed to open the way up to 0.9515 (50% Fibo).
The United States will release PPI figures at 14:30 MT time. According to the forecast, the data will worsen in comparison with the previous release. If this scenario turns out to be true, USD/CHF will test support at 0.9325/00. The next support is at 0.9245. Higher than expected numbers and confidence in the efficiency of the anti-coronavirus measures are needed to push the USD above the mentioned resistance levels.
Trade ideas for USD/CHF
BUY 0.9455; TP 0.9515; SL 0.9440
SELL 0.9295; TP 0.9245; SL 0.9310
SELL 0.9405; TP 0.9360; SL 0.9420
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus