CADCHF is below downtrendline
Price is based below key level at 0.6900
Price is based below HVN at level 0.6928 which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target first next support level at 0.6735
then finally target demand zone at level 0.6600
Price is based below key level at 0.6900
Price is based below HVN at level 0.6928 which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target first next support level at 0.6735
then finally target demand zone at level 0.6600
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.