Cadchfidea
CADCHF - Long or Short OpportunityLooking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend line acting as a support for this pairs current movements. This also aligns with a dynamic area of supply and demand. So we could be looking at a bounce off of the trend line and a bullish movement up toward the overall bearish trend line or a bearish movement in which the lower time frame trend line is broken and then looking for a retest to confirm the bearish movement in which we can begin to short looking toward the next area of demand.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74864 where it could potentially react off and up to 1st resistance at 0.75371.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74872 where it could potentially react off and up to 1st resistance at 0.75281.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching resistance, look out for potential reversal!
CADCHF is approaching its resistance at 0.75410 where it is could reverse down to its support at 0.75080.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74873 where it could potentially react off and up to 1st resistance at 0.75265.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.