a strong enough reading will more than make up the pip premium paid for waiting on the ideal fundamental scenario to match the appealing technical picture.
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a strong enough reading will more than make up the pip premium paid for waiting on the ideal fundamental scenario to match the appealing technical picture.
It is more likely to go down to around 0.7800 or lower, and after that, it might have potentially to go up to around 0.8350
If a M15 close above 0.8100 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8000 sell only and do not buy. If price closes back above it again do nothing
The range 0.8100 and 0.8000 is neutral area, any trade done in between is personal decision and not part of this analysis
The pair has just broken the lower support trendline of this Triangle with the Breakout whose strength is measured at the maximum 10 bar level.
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
the chart is showing that he pair has succeeded in breaking the level of 0.8300 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.8400 and then 0.8450
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
the Loonie has declined on what otherwise would be considered bullish rhetoric. Now, with the CAD/CHF pair sitting at the bottom of a descending channel the pair has carved out since December 30
Now price is showing a double top around the resistance area at 0.8413, this is a strong sell signal.
The stop loss should be above the two highs made this week and the profit target around 0.8256 - the resistance from last week should turn into support.
we can see that the pair has closed it's daily candle above 0.8100 . so , that's means that up trend is expected and the pair might head to 0.8150 and then 0.8180 ,but also the hourly correction is expected before continue in the up trend