What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF reversed from resistance zone
2019-11-11 • Updated
- CAD/CHF reversed from resistance zone
- Next sell target - 0.7530
CAD/CHF recently reversed down from the resistance zone lying between the strong resistance level 0.7630 (which has been steadily reversing the price from the start of June), upper daily Bollinger Band and 50% Fibonacci correction of the downward correction (2) from May. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7530 (low of wave 2).
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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.
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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.
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