On the daily time range, the pair is proceeding according to a bullish channel
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7290). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
This is in the range bound movement. It will bounce from the support & moves in positive direction. Hence, it will be bullish further.
E: 0.74865 SL: 0.75150 TP: 0.74250 r/r: 2:1
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7488). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line...
market going to down target 1 -- 0.74972 target 2 -- 0.74532
Price bounced from upper level. After this supply area first destination of the price is previous demand area.
After the strong demand area, next target will be the first supply area.