US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
USD/CHF: a bullish breakthrough
2021-01-21 • Updated
On the H4 chart of USD/CHF, we have the resistance of 0.8920 since the beginning of December. It was approached several times since then but has never been broken.
Currently, the higher lows formed recently suggest that there is a potential for a bullsh breakthrough. Fundamentally, that may be an option as the USD hasn't been particularly strong these days, and CHF is a currency that may well take advantage of the dollar's weakness.
Therefore, watch for trend reversal signs in the short-term. If none appears, we are in for a bullish breakthrough. In this scenario, 0.8950 is the first upside target to be looking at, with 0.90 beaing a secondary resistance.
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WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
