What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF reached buy target 0.7500
2019-11-11 • Updated
- CAD/CHF reached buy target 0.7500
- Next buy target - 0.7600
CAD/CHF recently reversed up from the strong support level 0.7380 (former powerful resistance level which reversed the pair sharply in May and June). The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. The price today reached the resistance level 0.7500 (which was set as the buy target in our earlier forecast for this currency pair). If the price closes above this resistance level - CAD/CHF can then be expected to rise to the next buy target at the next resistance level 0.7600 (top of the previous wave B).
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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...