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: franc was eaten by a shark
2019-11-11 • Updated
Recommendation:
BUY 0.9645
SL 0.9590
TP1 0.9745 TP2 0.9755 TP3 0.9780
On the daily chart, USD/CHF keeps rallying towards 224% and 88.6% targets of AB=CD and the “Shark”. The bulls are in control of the situation, the pullbacks and successful tests of resistances should be used for buying.
On H1, USD/CHF formed AB=CD with a target at 200%. The previous resistance at 0.9645 is currently acting as support. As long as the pair didn’t fall below 0.9560, bulls have nothing to worry about.
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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...