CADCHF is approaching our first support at 0.7409 (horizontal overlap support, 100%, 161.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.7501 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding...
CADCHF Analysis, watch for the breakout. No trade is to be assumed until a successful breakout of the support zone. Details on the chart. Happy Trading!
I posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as...
CADCHF is approaching its support at 0.7544 (61.8% & 100%Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Buy above 0.7544 Stop loss at 0.7521. Take profit at 0.7592. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7544 (61.8% & 100%Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is...
A bearish signal on CAD-CHF Daily chart. Target at 0.74300 and stop loss at 0.76400/0.76450. A pullback on the blue trendline is possible.
Sell below 0.7625. Stop loss at 0.7647. Take profit at 0.7583. Reason for the trading strategy (technically): CADCHF reversed off its resistance at 0.7625 (61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7583 (61.8% Fibonacci extension, 50% Fibonacci...
market has reached a strong resistance area ... we have different confirmations here to go short H & S pattern trendline broken 4H engulfing bearish candle
CADCHF is approaching its support at 0.7533 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7583 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
Buy above 0.7533. Stop loss at 0.7500. Take profit at 0.7583. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7533 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7583 (50% Fibonacci retracement, horizontal overlap resistance)....
Guys CADCHF makes retest keep watch and take profit... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
CADCHF reversed off its resistance at 0.7624 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 0.7572 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur
CADCHF is approaching its support at 0.7532 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7639 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Buy above 0.7532. Stop loss at 0.7494. Take profit at 0.7639. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7532 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7639 (76.4% Fibonacci retracement, horizontal overlap resistance)....
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it...
CADCHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) could occur. Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop...
Sell below 0.7656. Stop loss at 0.7689. Take profit at 0.7591. Reason for the trading strategy (technically): CADCHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap...
CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could drop further to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 95%...