What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF broke resistance zone
2019-11-11 • Updated
- CAD/CHF broke resistance zone
- Next buy target - 0.7600
CAD/CHF continues to rise after the earlier breakout of the resistance zone lying between the pivotal resistance level 0.7400 (which has been reversing the price from the middle of February) and the 61.8% Fibonacci correction of the downward impulse from the start of February. CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7600 (former support from November).
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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 ...
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...