What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF falling inside minor impulse wave 5
2019-11-11 • Updated
- CAD/CHF falling inside minor impulse wave 5
- Next sell target - 0.7370
CAD/CHF continues to fall inside the minor impulse wave 5, which started earlier from the resistance zone lying between the key resistance level 0.7600 (former powerful support level from December) and the lower trendline of the wide daily down channel from September (acting as resistance after it was broken). The active impulse wave 5 belongs to the intermediate impulse wave (C) from the start of January. CAD/CHF is expected to fall toward the next sell target at the next support level 0.7370.
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
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.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.