5 big analyst AI moves: Amazon PT hike, Apple lagging in GenAI race
USD/CHF fell beneath 0.9649 low last week from where market turned sharply up so we see first signs of a completed corrective decline from 0.9884, labeled as wave E). Wave E) is the final leg within a triangle formation so ideally pair is at the start of a bullish impulse that is headed back to September highs and as we see at the moment above important 0.9818 bullish level. As such we now believe price could face a temporary correction in wave 2, towards the 50 or 61.8 Fibonacci ratio and later continue higher into wave 3.
USD/CHF, 4H
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
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.