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CADCHF 1H Time Frame
Price now can't broke the high line of the channel , so we will go sell , target is the middle line of the channel about 0.9671
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CADCHF 1H Time Frame
Price now can't broke the high line of the channel , so we will go sell , target is the middle line of the channel about 0.9671
trend now is strongly bullish
resistance 1 :0.9775
resistance 2 : 0.9799
pivot points : 0.9691
support 1 :0.9667
support 2 : 0.9643
we have a resistance level on the daily chart @23.6% so i predict that this pair will move downward on the short term and i suggest selling this pair our target point will be@38.2%.
From the shown H4 chart , i think after the strong bearish direction in the past few hours , the price became near to the bullish trend shown , so i think we will have a great chance to buy near this level as it is expected from this trend to reject the price into upward direction again ,
Attachment 4415
CADCHF is moving in bearish movement now. Then, if I see the last candle, I think the bearish movement will continue today. I think CADCHF will touch the 0.9506 support level today, then if CADCHF can break that support level, this pair may continue the down trend to the lower support level at 0.9459
The trading rang for today is among the major support @ 0.8560 and the key of resistance @ 0.8705 .
The general over short term basis is to the upside targeting 0.8705 as far as area of 0.88 .
i think that CADCHF will continue moving downward on the short term as we have a resistance level on the daily chart @38.2% so i suggest selling this pair now our target point will be@50% level.
On the H1 chart below price is below the EMA 12 and EMA 72 indicates momentum trend is still down
50 RSI below 50 indicates momentum is still down
Recommendation: sell
Range: 0.9579-0.9440
On H4 time frame, we can see that the current candle is trying to break the 0.9506 support level. If it success and the current candle can close below that support, I think CADCHF will fall today and the target is at around 0.9459 support level
Spoiler:
Price is below 12 EMA and 72 EMA indicates trend is still down
50 RSI is below 50 indicates the momentum of the trend is still down
Recommendation: sell if price is still above 12 EMA area
Range:0.9592-0.9450