Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

EUR/USD Tests 1.13. CAD/CHF Awaits Major Signal

Published 11/14/2018, 03:48 AM
EUR/USD
-
CAD/CHF
-
CL
-

EUR/USD is currently testing the broken 1.13 psychological support as a closest resistance. This movement is quite typical for the forex market and is a normal type of a price action. The first contact with the resistance resulted with a bounce but it looks like buyers will try one more time. The general sentiment remains negative.


CAD/CHF is in a small triangle inside of a bigger one. So we are in a worst place to trade – middle of the giant sideways trend. We are in a bad place now but we can be in an awesome place soon. The breakout of the lower line of the smaller triangle will give us a proper sell signal. We are very close to see this.


WTI oil, just wow. The price dropped like a rock. Now we are on the last important support. This is the 61.8% Fibonacci and the resistance from the end of 2016 and the beginning of 2017. The sentiment is negative but we should get at least a small bounce there, normal taking profit action, nothing serious.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.