CHF/CHF rising inside intermediate (C)-wave

CHF/CHF rising inside intermediate (C)-wave

  • CHF/CHF rising inside intermediate (C)-wave
  • Next buy target - 114.30

CHF/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave 1 – which belongs to the intermediate (C)-wave from the middle of April. The pair earlier broke the pivotal resistance level 110.00 (former strong support level from February, which stopped the A-wave of the previous ABC correction (B), as can be seen below).

CHF/CHF is expected to rise to the next buy target at the next resistance level 114.30 (top of the B-wave of the previous ABC wave (B)). 


USD/CAD: bullish above 1.24

USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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