Dollar américain / Franc suisseMis à jour Classic Gold and USDCHF negative correlation in play
We saw gold consolidate in a bear flag, which is normally a bearish pattern. Market then broke below 1862, key support level on the H4 timeframe. We could see a continuation leg down to 1826.
USDCHF is negatively correlated to gold and we saw it consolidate in a falling channel which is normally a bullish pattern on the daily chart. We then saw the market reverse at 0.92 with a bullish daily hammer candle, signaling that buyers have stepped back in.
We could see USD strengthen as these two play out.
USDCHF is negatively correlated to gold and we saw it consolidate in a falling channel which is normally a bullish pattern on the daily chart. We then saw the market reverse at 0.92 with a bullish daily hammer candle, signaling that buyers have stepped back in.
We could see USD strengthen as these two play out.
Trade fermée: cible de profit atteinte
Gold reached Target and USDCHF was choppy and closed out manually
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.