What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF still remains in favor of the bears
2019-11-11 • Updated
CAD/CHF is recovering from October 25th lows and remains below the 200 SMA at H1 chart. The 200 SMA still provides dynamic resistance and it coincides with the Fibonacci level of 65% at 0.7788. We’re expecting a re-take of the bearish trend across the board, with a first target placed at 0.7703, ahead of the 0.7672 level, which is the -23.6% Fibo zone.
RSI indicator is entering at the negative territory, supporting the bearish scenario.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...