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kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.
I predict this pair have bullish direction
I suggest to take LONG position today
time frame that 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.
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Cad/Chf Analysis:
Trend; Bearish
Moving Average: Sell
Pivot Point ->> 0.7416
S 1 ->> 0.7412
S 2 ->> 0.7403
S 3 ->> 0.7378
R 1 ->> 0.7418
R 2 ->> 0.7432
R 3 ->> 0.7465
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In the first half of the day, a report was released on the UK consumer price index, which rose in November this year, but completely coincided with the forecasts of economists. However, this was enough to help the pound stay above the level of 1.3076, which determines the further downward trend observed throughout this week. It is best to look for long positions after the formation of a false breakout the the support area of 1.3076, but buy immediately on the rebound from the lows of 1.3013 and 1.2952, where a bullish divergence on the MCAD indicator can also be formed. Another no less important task of the bulls will be the return and consolidation above the resistance of 1.3143, which will allow us to talk about an upward correction in the area of the highs of 1.3203 and 1.3316 where i recommend talking the profits.
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CADCHF is currently at the top of a descending channel. It is also at a very strong resistance at 0.74200 getting rejection. We have two targets: 1. 0.73000 2. 0.72590. Wait for a bearish candle to confirm. Good...
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But in a Forex market like the present one, where there are many mixed signals out there, it's nice to know you don't have to go it alone. It's just an opinion, after all. But an educated opinion, with a successful track record, is worth so much more than a flip of this.
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CAD/CHF
0.7410-0.0007(-0.0957%)
15:14:38(GMT)|Real-Time Data, Quoted in CHF
Open
0.7417
Day's Range
0.7387 - 0.7420
Class
Currencies
Bid/Ask
0.7410/0.7410
Symbol
CADCHF
Subclass / Sector
Minor
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Cad/Chf
Resistance Level (R3): 0.744
Resistance Level (R2): 0.743
Resistance Level (R1): 0.742
Pivot Point: 0.741
Support Level (S1): 0.740
Support Level (S2): 0.740
Support Level (S3): 0.739
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CAD/CHF - Live Rate, Forecast, News and Analysis - DailyFX
Canadian Dollar - Swiss Franc Chart. ... This is the forex quote for the Canadian Dollar against the Swiss Franc. ... The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil.
You visited this page on 10/18/19.
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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
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cad chf
today’s marketplace, the dollar constantly fluctuates against the other currencies of the world. Several factors, such as the decline of global equity markets and declining world interest rates, have forced investors to pursue new opportunities. The global increase in trade and foreign investments has led to many national economies becoming interconnected with one another. This interconnection, and the resulting fluctuations in exchange rates, has created a huge international market: FOREX. For many investors, this has created exciting opportunities and new profit potentials. The FOREX market offers unmatched potential for profitable trading in any market condition or any stage of the business cycle. These factors equate to the following advantages:
• No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees if you trade with a market maker. • No middlemen. Spot currency trading does away with the middlemen and allows clients to interact directly with the market maker responsible for the pricing on a particular currency pair, if you trade with an Electronic Communications Network''
