What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF rising inside minor impulse wave (iii)
2019-11-11 • Updated
- CAD/CHF rising inside minor impulse wave (iii)
- Next buy target - 0.7870
CAD/CHF continues to rise inside the minor impulse wave (iii) which started earlier from the support area lying between the key support level 0.7740 (which has been steadily reversing the pair from the end of September, as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous minor impulse wave 1 from the end of June. CAD/CHF is expected to rise toward the next buy target at the next resistance level 0.7870 (top of the previous waves (b) and (i)).
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All eyes are headed toward the Bank of Canada today. Estimates point to no change both for the main rate and the ongoing QE which stands at $3B weekly.
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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...