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: too little space in the triangle
2019-11-11 • Updated
Recommendation:
SELL 0.9870
SL 0.9925
TP1 0.9770 TP2 0.9735 TP3 0.9630
On the daily chart, USD/CHF broke below the lower border of a triangle and the uptrend channel. Sellers became stronger. Even support at 0.9865 (23.6% of the last rising wave) couldn’t stop them. They aim to bring the pair to the upper border of the downtrend channel.
On H1, USD/CHF keeps forming a “Broadening wedge”. Pullbacks to 23.6%, 38.2%, and 50% of the wave 4-5 may be used for selling.
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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...