SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
CAD/JPY reversed support zone
2019-11-11 • Updated
- CAD/JPY reversed support zone
- Next buy target - 85.00
CHF/JPY continues to rise inside the minor impulse wave 3, which started earlier from the support area lying between the key support level 113.00 (previous sell target), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward price impulse 1 from the middle of April. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. CHF/JPY is expected to rise to the next buy target at the next resistance level 115.15 (top of impulse 1).
Similar
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/CHF: approaching the bottom?
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
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...
