CAD/CHF: Intraday Buy Signal Confirmed
LiveTradingRoom | Jul 27, 2017 11:44
This morning CAD/CHF opened in a bullish tendency and, after moving sideways during the early trading hours, started climbing.
The Net Change on the currency pair has been positive since the beginning of the year (+1.85%) and the Market Statistics predicts a 61.11% probability to see the market close a bullish monthly candlestick.
Today's price action showed a confluence from the scalping to the multi-day level, as indicated by the Market Pressure, and the Algo Zones highlighted an alignment of the RSI above the 50 threshold on all time-frames.
Given the convergence of every element of our operative profile, we trusted the buy signal relayed by the Target Geometry at 0.7640.
The pair climbed 75 pips from the entry point piercing target 9.
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