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USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 6/8. However, this scenario may be cancelled if […]
Yields in the United States have risen in response to data and an ECB statement. The benchmark 10-year US Treasury yield rose slightly on Thursday, following a flurry of economic data and a policy announcement from the European Central Bank that was less aggressive than expected. Retail sales increased by 0.5 % in March, falling […]
Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist. 276 Total views 4 Total shares The United States Treasury Department Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (SDN) list was updated Thursday to reflect the possibility that North Korean cyber-criminal Lazarus Group was behind last […]
Gold futures settled lower on Thursday, easing back after posting gains in each of the past five trading sessions, but still finishing 1.5% higher for the week, Fact Set data show. Tailwinds for gold “in the form of high inflation are, of course, covered, but what is most encouraging is institutional investing in North America […]
Type: Bullish BounceKey Levels:Resistance: 1.0947Pivot: 1.08102Support: 1.06461Preferred Case:Price is near a key pivot. We see the potential for a bullish bounce from our pivot level of 1.08102 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is […]
Type: Bullish BounceKey Levels:Resistance: 0.68969Pivot: 0.68085Support: 0.67297Preferred Case:Price is near pivot level of 0.68085 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. It can potentially bounce up to 1st resistance level of 0.68969 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where […]