Cad/Chf

CADCHF Trend is buy


1 Resistance :0.7416
2 Resistance :0.7322
3 Resistance :0.7231


1 Supporting :0.7133
2 Supporting :0.7025
3 Supporting :0.6917

Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.

Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.

Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.

Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.

The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.

Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.

In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.

Cadchf
canadian dollar/swiss franc
0.75362
chf
+0.00282 (+0.38%)
market open (oct 02 03:06 utc-4)
0.75080
prev
0.75080
open
31.719k
volume
0.75045 — 0.75363
day's range

CAD/CHF trends to bullish

1 Resistance 0.7417
2 Resistance 0.7323
3 Resistance 0.7239

1 Supporting 0.7131
2 Supporting 0.7027
3 Supporting 0.6913

it seem 8656 got a strong resistance area.......i think it will go down back again after reach those area and projection will be around 8378 area to complete the down trend but it the price close above the 8656 then it will be a diffrence senario

CADCHF Trend is up


1 Resistance level :0.7410
2 Resistance level :0.7329
3 Resistance level :0.7231


1 Supporting level :0.7132
2 Supporting level :0.7024
3 Supporting level :0.6915

today my technical analysis on market trend with this pair.

cad/chf


Parabolic sar on down side : BUY
StedDev CHANNEL : BUY
Fibonacci retracement : BUY
market trend on :BUY
time frame of M5,M15,M30 is on SELL.
time frame of H1,H4 also on selling signals.
SO if we trade buy side then we get shurely take profit to earn.

i am doing this working for long time so i like to doing this working on forex:263a:

Cad/Chf

Resistance level
Resistance level 1.0.7520
Resistance level 2.0.7560
Resistance level 3.0.7600

Supporting level
Supporting level 1.0.7440
Supporting level 2.0.7400
Supporting level 3.0.7360

hat is considered while making support and resistance levels - use Daily and Weekly time frame,
consider the daily economic news before taking the trade money management is very effective for getting profits with stop loss and take profits method with current trading position.