CADCHF recently reversed up sharply from the support area lying between the multi-month support level 0.7380 (which has been reversing the price from January), 61.8% Fibonacci correction of the upward move from December and the lower daily Bollinger Band.
The upward reversal from this support area stopped the active short-term impulse wave 3 from the end of April.
Given the bullish divergence on the daily Stochastic indicator – CADCHF is expected to rise further and retest the next resistance level 0.7450.
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
