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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
Thanks for u.
Cad/Chf > BEARISH
PIVOT POINT > 0.7398
S1 > 0.7380
S2 > 0.7369
S3 > 0.7351
R1 > 0.7415
R2 > 0.7426
R3 > 0.7444
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbor for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle.
CAD/CHF= BULLISH TREND IN H1 TIME FRAME
Resistance 3 =0.7467
Resistance 2 =0.7445
Resistance 1 =0.7419
Pivot point=0.7398
Support 1=0.7324
Support 2=0.7351
Support 3=0.7325
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.
Hello gyus price very is potential to fly again. this pair price already touched daily resistance level 1 and above trend line. Now the price try to move Upward. I think the price may touch daily pivot point frokhat ki satah par hai . so you can take Buy position today. pivot point will be first target . after that price maybe can go to first resistance . stop loss area around support 1 level
No. The first mistake a Forex trader can make is to have a dead-set opinion and then search online for opinions supporting his pre-conceived notions. If anyone looks long enough and hard enough, they're going to find someone somewhere to agree with him. Taking that into account, the question still remains: Who do you listen to?
Today i am going to discuss this pair in my own justification and analysis. I think this pair i the most. Faverable pair in the forex market .
Thats reason why i using this pair for my profitable trade
Technical analysis on basis of these indicators
Parabolic sar
Fivo piv
Moving everages
And also RSI
So best of luck for the comferm trade .
CADCHF Trend is buy
1 Resistance :0.7732
2 Resistance :0.7616
3 Resistance :0.7543
1 Supporting :0.7495
2 Supporting :0.7429
3 Supporting :0.7384
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