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.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7460). 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....
Everything is mentioned in chart. Chart is only for educational purposes.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7315). 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...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.74917). 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...
The pair has been moving in a falling channel pattern for half a month. The prices have completed the re - test of the upper ceiling at 0.74703 and has started to move towards the south, creating an opportunity to short the pair. The expected target for it to reach is, initially at the centre of the channel at 0.73998 (centre line shown by the dotted line). If the...
CAD/CHF has bounced sharply to the highs of 0.75969. It consolidated in the highs with a flat correction. The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone. We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart...
A triangle formation has formed in the counter, in the short term. The price has bounced from the trendline sharply and is consolidating. Hence, we expect the pair to reach the resistive trendline.