SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF reversed from support zone
2019-11-11 • Updated
- CAD/CHF reversed from support zone
- Next buy target - 0.7250
CAD/CHF continues to rise inside the minor impulse 3, which started earlier when the pair reversed up from the support zone lying between the key support level 0.7160 (which also stopped the previous wave (2) at the start of May) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Doji Hammer.
Given the bullish divergence on the daily Stochastic indicator - CAD/CHF can be expected to rise to the next buy target at the resistance level 0.7250.
Similar
USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
Eyes on Bank of Canada's decision today
All eyes are headed toward the Bank of Canada today. Estimates point to no change both for the main rate and the ongoing QE which stands at $3B weekly.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
