Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
CAD/CHF rising inside minor impulse wave 3
2019-11-11 • Updated
- CAD/CHF rising inside minor impulse wave 3
- Next buy target - 0.7900
CAD/CHF continues to rise inside the minor impulse wave 3 which started previously from the support zone lying at the intersection of the key support level 0.7740 (low of the previous wave (a)), lower daily Bollinger Band and the Fibonacci cluster made out of the 50% Fibonacci correction of the upward impulse from August and the of the 38.2% Fibonacci correction of the upward impulse from June. CAD/CHF is expected to rise further to the next buy target at the next resistance level 0.7900.
Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
What happened? It looks like the decline in EUR/CHF to 1…
Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.
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