It’s been another turbulent week in the FX space with potential trade wars, moves in the Canadian dollar and Japanese yen accounting towards the bulk of the hype. This is all well and good if you were able to trade such moves but, if not, we’d propose looking at currencies which suggest range expansion is just around the corner. And one such pair we’re closely watching for this very reason is EUR/CHF.
Since the 2017 low, EUR/CHF has remained predominantly bullish, although that is not to say it has been the prettiest of trends throughout. Between August ’17 and early January ’18 the pair found itself grinding higher and its messy trend structure produced unforgiving overlaps between peaks and troughs.
Yet since retracing from the 1.1831 high and subsequently rebounding from bullish trendline, price action is now displaying the qualities of a cleaner trend.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.