• USDCHF broke support level 0.9735
• Likely to fall to support level 0.9475
USDCHF recently broke the key support level 0.9735 (low of the earlier short-term wave (iv) from the end of September) intersecting with the support trendline of the daily up channel from August.
The breakout of the support level 0.9735 accelerated wave c-wave of the active minor ABC correction 2 from the middle of October.
Given the continuation of the strongly bearish USD sentiment, USDCHF can be expected to fall further toward the next support level 0.9475 (monthly low from September and the target for the completion of the active wave 2).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies