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One FX Pair, One Commodity And One Crypto

Published 08/01/2018, 04:52 AM
EUR/CHF
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CL
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BTC/USD
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Today, we have setups from three different areas. Forex, Commodities and Cryptocurrencies. First one is the Currency market, with the EUR/CHF. The pair is in the downtrend. Most recently, EUR/CHF broke the lower line of the wedge and the neckline of the H&S formation. Today, we are testing this line as a resistance along with the mid-term down trendline (red).


Second one is the Oil, which broke the lower line of the flag. With this, we should be aiming lower to the long-term up trendline and the horizontal support on the 66.6 USD/bbl.


Third one is the Bitcoin, which failed to climb higher after the pennant pattern. After a small drop, BTC tested the long-term down trendline and the horizontal support created by the upper line of the recent rectangle pattern. That is actually a great place for a buy and as we can see, the price is now respecting this line with a small intra-day bounce.

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