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I see this pair to show bullish signal.
Simple Moving Average indicator also giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
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my technical analysis and some opinion about this pair
I using technical analysis. pivot point is the point in which the market sentiment changes from bearish to bullish.
support and resistance calculations give good signal for bullish.we can see a Buy signal on MACD indicator.
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
take Long position can give profit in forex market today.
maybe this pair will make some correction to the next high level.
I predict this pair will reach to the next resistance level,
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit.
we must have a good strategy to get consistent profits ,
choose a strategy base on your trading style and increasing your knowledge about forex everyday.
the pair price already touched daily resistance 2 level 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 .
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.
You will earn more money if you will follow my views,because I have posted this after checking the previous routine of daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of forex market. Than should take decision to invest or not in this type of security.
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price says to Buy the currency
This currency name - Cad-Chf
Resistance and Target should be targeted
Support and Stop Loss is mandatory
Always follow Long time frame market trend.
Signal is Buy.
Cad/Chf
we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like CAD to CHF . If you are looking for foreign exchange rates with good return, CAD to CHF can be a bad, high-risk 1-year investment option. CAD/CHF rate equal to 0.694 at 2020-04-28, but your current investment may be devalued in the future.
CAD/CHF= BEARISH TREND IN H4
Resistance level 3 =0.7042
Resistance level 2 =0.6997
Resistance level 1 =0.6972
Pivot point=0.6928
Support level 1=0.6903
Support level 2=0.6859
Support level 3=0.6834
STAY BLESSED
cad chf technically analaysis points of the day
Today Market trend:sell
Market exchanging sign rely upon a pointers
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high level resistance points of current day is main Target
low level stop loss points is avoided
Scalping can be done in this pair with appropriate signals and news.