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...
USD/CHF is waiting for something
2019-11-11 • Updated
Trade ideas
SELL 0.9905; TP 0.9870; SL 0.9920
BUY 0.9975; TP1 1.0000; TP2 1.0050; SL 0.9960
USD/CHF is supported by the 50-day MA at 0.9917. The "doji" candlestick that formed on the D1 yesterday signals the uncertainty of market players. If investors start having more serious doubts about the potential phase-1 agreement between the United States and China, the USD will fall. The decline below 0.9910 (MAs on H4) will open the way down to 0.9870 (100-day MA). On the upside, buying will become less risky once USD/CHF gets above the 200-day MA (0.9953) and October 28 high (0.9972). In this case, targets will lie at 1.0000 and 1.0030/50.
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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...