Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
USD/CHF: to consolidate above 0.9700?
2019-11-11 • Updated
USD/CHF has been moving in a consolidative phase above the 200 SMA at H1 chart and still is looking forward to test new highs. However, the resistance zone of 0.9635, at which lies the 23.6% Fibo level, is still blocking the bulls’ advance across the board. One could expect another leg lower to test the demand zone of 50% at 0.9559. If the pair manages to rebound at the current stage, we can expect an advance to reach the -23.6% Fibo level at 0.9769.
RSI indicator is moving into the neutral territory, calling for more sideways coming in the short-term.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone