During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
NZD/CHF formed a top
2019-11-11 • Updated
Trade ideas
SELL at 0.6715; TP1 0.6625; TP2. 0.66; SL 0.6740
SELL at 0.6680; TP1 0.6650; TP2 0.6625; SL 0.6700
On W1, the advance of NZD/CHF stopped at the resistance line from 2017. The pair consolidated at the moving averages for some time but then turned lower guided by MACD.
NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top. The targets of the pattern lie around 0.6590. Daily MACD is declining. The pair’s testing levels below 38.2% Fibo (0.6700). The next Fibonacci level lies at 0.6625.
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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...