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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.=====
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The chart below also has the 78.6 Fibonacci level from our most recent move lower. The yellow zone is the price area I will be lowing for this pair to start pushing lower.
The move higher has been corrective so we can expect a move lower going forward. A channel break and retest will confirm our bearish bias. The last four 4-hour candles before market close have already started to show us signs of weakness.
Res: 0.69831; 0.69977; 0.70321
Sup: 0.69173; 0.68570; 0.68025
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▼ 0.6949
-0.0017 (-0.25%)
Update 20/05/2020
14:40:30
Trade CAD / CHF Now
High 0.6976
Low 0.6937
Open 0.6966
Prev Close 0.7345===
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▼ 0.6949
-0.0017 (-0.25%)
Update 20/05/2020
14:40:30
Trade CAD / CHF Now
High 0.6976
Low 0.6937
Open 0.6966
Prev Close 0.7345===
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Today this pair of Market trends & technical Analysis
TRENDING
1)Gator Osillator:BUY = (3)dEMARKER :BUY
2)Fractals :BUY = (4)Evelopes :BUY
Bollinger Band : BUY
Paraboloc SAR : BUY
The RSI is still on :BUY
StDev on BUY direction
4hour time frame also telling these condtional exprations
Indicator shows market going UP and technical Analysis same thing
All technical and fandamantal follow the BUYing trends
Note:Always Follow the making experienced with others having great knowledge about trading
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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
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If a M15 close above 0.8760 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8760 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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Pivot, Resistance Levels and Support Levels for CAD / CHF
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 0.7013
Resistance Level (R2): 0.699
Resistance Level (R1): 0.697
Pivot Point: 0.695
Support Level (S1): 0.694
Support Level (S2): 0.691
Support Level (S3): 0.690
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Today market trend: Bullish
Resistance and Support points are depend on market news
So before trading see indicators and then take a decision for trading
Always keep patience and get a huge profit in your trading
Come in forex trading and become a ßillionaire
