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predictions for the day.
trading is risky if no analysis is done
Cad-Chf - is the currency pair we will be focusing on
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
the price movement in the down trend side from the resistance at 1.1455 level. this is may moved to the support at 1.4380 level. the macd indicator is now at the down trend side. the rsi movement is also to the level 20 side. short with stop loss above the 1.4570I think the movement is still in a bearish trend
retracement (38.2%) 1.4218
Retracement (50%) 1.4232
retracement (61,8%) 1.4245
Extensions (61.8%) 1.4103
Extensions (100.0%) 1.4059
Extensions (138.2%) 1.4015
good luck
Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
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
Time Frame - 4 Hour
Currency pair - Cad-Chf
Buy @ - Low price . analysis 50 sma
Stop Loss - closes support level
Take Profit - near closes resistance level
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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Rsi
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which means we are unlikely to see much directional movement here.We do not have a valid long-term trend. Today's price is likely to range between 1.1128 and 1.1183, so it is likely that trading reversals at any of the relatively conservative profit target levels are the best way to trade this pair.
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
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.