CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/CHF is recovering
Information is not investment advice
At the end of March, EUR/CHF tested the lowest levels since the middle of 2017. The fact that the pair went below the support of the 2018 consolidation range (1.1180) and then returned back up was a bear trap. EUR/CHF managed to gather its strength and push higher. On H4 we can see that it returned above the 50-period MA (1.1200) which already acted as support. It looks like the pair has formed an interim bottom and will rise at least to 1.1240/55. The further target is at 1.1310.
Elizabeth Belugina
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CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD will be volatile
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
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