CADCHF ANALYSIS
CADCHF is in downtrend after breaking up-channel pattern
Strong bearish wave (a) ended at level 0.6860
then corrective bullish wave (b) rejected with strong bearish movement at level 0.6948
Price is based below resistance level at 0.6918
Based below HVN at level 0.6905 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI is below level 50
It's expected forming bearish wave (c) to target support level at 0.6815
Strong bearish wave (a) ended at level 0.6860
then corrective bullish wave (b) rejected with strong bearish movement at level 0.6948
Price is based below resistance level at 0.6918
Based below HVN at level 0.6905 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI is below level 50
It's expected forming bearish wave (c) to target support level at 0.6815
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