What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF broke support zone
2019-11-11 • Updated
- CAD/CHF broke support zone
- Next sell target - 0.7500
CAD/CHF today broke through the support zone lying between the key support level 0.7600 (which stopped earlier waves (1) and 4), 50-day moving average and the 50% Fibonacci correction of the previous sharp upward impulse from March. The breakout of this support zone continues the active intermediate impulse wave (3) from the end of May. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7500.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...