EUR/USD 1.17332
-0.695%
Gold 5392.27
2.450%
Oil 72.089
7.315%
USD/JPY 156.940
0.492%
GBP/USD 1.33798
-0.720%
GBP/JPY 209.987
-0.232%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chevron: Operations at the land-based "Separated Neutral Zone" continue as normal. The "Separated Neutral Zone" is an area between Saudi Arabia and Kuwait.Indian Prime Minister Modi: India and Canada will soon reach a trade agreement.March 2nd - Economists at Capital Economics stated that the oil market could experience a short-term surge similar to that seen during last years 12-day conflict between Iran and Israel, when crude oil prices briefly included a risk premium of around $10 to $15 per barrel before retreating. This scenario is likely to occur if energy flows through the Strait of Hormuz recover quickly and the regions infrastructure proves to have suffered minimal lasting damage. Conversely, a more prolonged conflict would reduce the likelihood of this. These economists believe that in a moderate scenario, the fighting would drag on, risk premiums would remain high, but there would be no major supply disruptions, keeping oil prices in the $70 to $80 per barrel range for an extended period. According to the firm, only in a more severe scenario involving significant and lasting supply losses would oil prices potentially climb to $90 to $100 per barrel.Shares of U.S.-listed tanker companies rose in pre-market trading, with Frontline Shipping up 4.7%, International Shipping up 8.6%, and DHT Holdings up 8.3%.March 2nd - According to a report by Chris Turner of ING, the euro may fall further due to rising energy prices triggered by military strikes in the Middle East. He noted, "Investors have overweighted the euro and European assets this year due to a bullish outlook for recovery, and this expectation will naturally be challenged this week by rising energy prices." Turner stated that unless the conflict de-escalates soon, the euro could fall towards 1.1575. He believes that the nature of this energy shock will benefit the dollar the most, reflecting the USs energy independence and the reduced likelihood of further interest rate cuts by the Federal Reserve due to rising inflation prospects.

The chances of a bearish reversal for the USD/CHF rise as bears test the 200-EMA

Daniel Rogers

Jul 19, 2022 11:59

 截屏2022-07-19 上午10.03.58.png

 

The USD/CHF pair has gone sideways after exhibiting volatile volatility on Monday. The asset will likely trade sideways until volatility decreases since it hits resistance at 0.9780. As a result of failing to exceed the crucial resistance level of 0.09000, the asset saw a substantial fall.

 

A major negative reversal was foreseen by the formation of the Double Top chart pattern when the price failed to maintain its position above Tuesday's high at 0.9859. The aforementioned chart pattern frequently indicates waning demand at high levels. A negative reversal is now more likely as a result of the development of a selling tail around high levels.

 

Following the formation of a double top, the asset is forming an initiative selling structure, which points to the entry of those investors who start short positions after a bearish bias has been created. At 0.9767, the major is forming an initiative structure inside the 200-Exponential Moving Average (EMA) border, demonstrating that market participants are respecting the significant EMA.

 

However, the Relative Strength Index (RSI) (14), which signals an oncoming consolidation, has shifted into a range between 40.00 and 60.00. The asset will reach the July 5 top of 0.9705 with a sharp decrease below the July 13 low of 0.9758. If the latter barrier is breached, the asset will be more vulnerable to losses up to the 1. July high of 0.9642.

 

Alternatively, following Wednesday's violation of the 0.9827 high, the dollar bulls may defend the double top pattern. The asset will be propelled by this to its top on Thursday of 0.9886 and then encounter psychological resistance at 1.0000.


Suggestion