In the NOVARTIS story , we have to scenarios : • If the market breaks the 81,50 we can go back to 79,09 ; • if it returns to the 84,94 then it will go up until 89,32.
The Swiss index is tracing down super cycle C wave that should bring down its prices below 6200. There would be opportunities ahead in counter-trend moves, but the long-term is down. In the shorter timeframe the index is on the final stages of intermediate 2 up. After it finishes, wave 3 we bring the index to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
Knowing the fact weaker EURO losing against the dollar overall and it's even performing low against swiss. I see bearish market in this minor pair as well. Technically price inside a descending channel and I assume if EURO gonna end up losing strength continuously against dollar then bear will obviously weigh on this minor pair as well which will continue the...
just a regular technical pullback, right ?
The reasons: 1. Today we had 1 new coronavirus case in Switzerland; 2. Daily Pinbar from STRONG Support zone; I think the best way for entry is on 50% of Pinbar. The target will be on the next STRONG Resistance zone, near 0.9840 Let me know, what do you think about this analys? Thanks!
Tuesday in the news plan was noted by the information that the United States excluded China from the list of currency manipulators countries. This led to yet another sigh of relief among investors that already are in a rather relaxed on the eve of the signing of the documents on the first phase of the trade agreement between the US and China. But at the same...
A well needed update to the EURCHF chart after previously tracking and failing to clear the ABC extension targets at 1.065x. For those following the previous charts before we broke down: The yearly flows and expectations for 2020 will large be divided in a tale of two halves and as a result forecasts in the cross reflect that: For the initial phase, we are...
Aussi: CPI (QoQ) (Q3): weak Trimmed Mean CPI (QoQ) (Q3): stable PPI (QoQ) (Q3): stable Caixin Manufacturing PMI (Oct): strong ( High sensitive) Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5). Swiss franc: ZEW Expectations (Oct): weak KOF Leading Indicators (Oct): strong SNB's Jordan: ...
The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400. Keep in mind that this break out is part of a larger bullish move as we illustrated...
Fed Decision: Interest rates cut by 25 basis points after FOMC meeting. The Federal Open Market Committee decided to lower the rate to 0,25%. FOMC does not have a fixed position: some members believe in further reduction, other members voted against any further reduction at this meeting. So could observe the lack of dollar sales. Different positions are...
Probable level change may happen in these steps but becareful about trade risks . Analayzers give some possible data but you yourself are the person who deceives about your capital risk.