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
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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
The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
I expect uptrend movement toward the next resistance at 0.8350. The last cross between MA20 and MA50 is bearish, MACD is above the zero line, stochastic also sends signal for long. The indicators send signals for long.
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.
the CAD/CHF pair sitting at the bottom of a descending channel the pair has carved out since December 30, a swing trading opportunity to the upside has emerged for traders to collect profits
the details showed that recovery in Japan might be turning around. Large companies said they will boost capital spending by 4.2% in this fiscal year, above expectation of 2.4%.
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.
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. The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
the Swiss franc risks further declines against the loonie after the pair broke above long-standing trendline support of a descending channel that has held since early May.
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.