EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
XAU/USD aims higher
Information is not investment advice
Given the overall uncertainty about the global economic growth, concerns about the US-China trade war and the no-deal Brexit, there’s a fairly big chance that gold will continue strengthening. XAU/USD has already broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535. The natural bullish target is at 1,584 (61.8% Fibo). As a result, despite the technical bearish divergence on the D1, it’s possible to pursue more buying. The ADX shows that the uptrend is still rather strong. On the downside, the decline below 1,535 will open the way down to 1,500.
Elizabeth Belugina
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EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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