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If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7900 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.7900 is neutral area, any trade done in between is personal decision and not part of this analysis
It is more likely to go down to around 0.7944 or lower, and after that, it might have potentially to go up to around 0.8022 or higher
as we can see on the chart , the pair is trading under the level of 0.8000 , any way if the pair succeeded in breaking 0.8000 , it will continue in it's up movements heading to 0.8030 and then 0.8060
he CAD/CHF pair has been the victim of risk-aversion as a result of a poor growth outlook for the United States, but, the range bottom the CAD/CHF pair is flirting with now, should nonfarm payrolls out of the United States come in at-or-greater than expectations
we can see that the pair has closed it's daily candle above 0.8000 . so , that's means that up trend is expected and the pair might head to 0.8050 and then 0.8080 ,but also the hourly correction is expected before continue in the up trend
as shown in the 4 hr chart the pair is side way between upper level at 0.8155 and bottom level at 0.7933. should confirm a close a candle out of thse both level to give more intention to move up or down clearly
the pair is trading now above the level of 0.8000 and that's mean the uptrend is still standing and the pair might continue in it's upmovements heading to 0.8050 and then 0.8080
the CAD/CHF pair sitting at the bottom of a descending channel the pair has carved out since December, a swing trading opportunity to the upside has emerged for traders to collect profits on a long play
If a M15 close above 0.8200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8050 sell only and do not buy. If price closes back above it again do nothing
The range 0.8200 and 0.8050 is neutral area, any trade done in between is personal decision and not part of this analysis
we can see that the pair has closed it's daily candle above 0.8000 . so , that's means that up trend is expected and the pair might head to 0.8050 and then 0.8080 ,but also the hourly correction is expected before continue in the up trend