The Australian dollar vs the Swiss Franc are 2 slow moving yet volatile spiking currencies. Paired together they have an uncommonly smooth price movement, however the pair has been stuck in a 3 yr consolidation structure with a slow upward trend toward the monthly 38% level. Though a small move, a sure one up to around the 80 price level.
The crypto community is on a much needed bull surge towards 50% fib retracement levels. As a useful and usually accurate tool, these levels are supported by key price levels at previous tested levels. Given all of these considerations, a long run is expected to the 50% level, as stated above, with a solid 33% pip gain during this time.
7500 is a very important support level for Bitcoin. Before the collaspe/downward trend of 2018, this level has been tested before and should have been noted in Nov 2017. However, since the advent of futures, the stock markets have taken hold of the levels of the crypto as it did with all and the fib levels are being met; as expected. An important resistance level...
The EURUSD is on a 10 year downward trend from the Global Recession back in '08. Coming down from a all time high of 1.60 to its level currently at 1.23-1.25. The fib levels have all been met with resistance all the way down as expected and now is climbing again from a brief consolidation at the 61.8% level. A brief climb to 1.25 is expected at the 38% then will...
The DollarVSFranc is currently in a 3+ year consolidating structure at the 61.8% fib retrace level from a previous high back in 2015 on the Monthly chart. Currently on the H4 chart the fib retracement level is at an exact merge with the fib retracement 1D chart (50%vs61.8% respectively). The previous upward trend had climbed to the 80+% level before correcting to...