GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
USD/CHF: how to trade on risk aversion
Trade idea
SELL 0.9705; TP1 0.9660; TP2 0.9590; SL 0.9720
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area. These lines represent serious obstacles for bulls. As a result, the pair came back to the 50% Fibo retracement of the 2018-2019 decline at 0.9710. The price has already made two attempts to break below this area. There are all reasons to expect that it will do so once again given the new spike in the market’s risk aversion that’s increasing the safe-haven appeal of the CHF. The break below 0.9710 will make us target 0.9660 (August low) and 0.9590 (61.8% Fibo). Resistance is located at 0.9800.
Elizabeth Belugina
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EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD is ready for a move
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.
Latest news
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
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