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For now, the market has penetrated the shadow area and strong support between 0.7347-0.7324. Meanwhile bearish candle 3 has also been formed, then the market is predicted to be a correction first, before continuing the downward movement
Recommendation: Sell limit at 0.7347
After breaking the support level at 0.7327, I think that we can get in short position with take profit at the support level at 0.6896.
http://i.imgur.com/ZFkQv1N.png
Canadian franc pair is trading for nearly 11 days in the direction of accidental wobbling inside the rectangle model Frame four hours. Where the bottom side of the rectangle of the support consists of three fulcrums almost on the price of 0.7294 almost as rib Top on the price of 0.7425, which is the resistance of Artcasen only.
Therefore, the status of the return of the price down and target 0.7294 support and success Peixrha down and shut candle and down the four hours Then push it down towards 0.7200 present on the price, which consists of one focal almost unilateral support.
http://i.imgur.com/ycbmOUL.png
http://i1028.photobucket.com/albums/...pshzl8pyo1.jpg
CADCHF for movement still up after bounced last evening at fibo 50 / 0.6905. So. CADCHF will up to fibo 76.4 / 0.6945 then cotinue at fibo 100 / 0.6981
i think it will go down back again after reach those area and projection will be around area to complete the down trend but it the price close if price break it we will see further landing on this pair but if price fial to break it price will rsie to resistance.
http://i1028.photobucket.com/albums/...psmxqjwlk7.jpg
CADCHF depend in fibo 50 / price 0.6896.if cross wil down in fibo 23.6 / 0.6872 and if bounce will continue up in fibo 76.4 / 0.6920
http://i1028.photobucket.com/albums/...ps3lhvakq3.jpg
CADCHF will up to in fibo 100 / at price 0.6944 if cross will up again to in fibo 161.8 / at price 0.7034
http://i1028.photobucket.com/albums/...pst5xim180.jpg
CADCHF if bounced in the fibo 50 / at the price 0.7114.will back to fibo 76.4 / at the price 0.7155 and if cross will continued to fibo 23.6 / at the price 0.7074
ess pair me bahut he jada dhyaan se kaam karna hoga aur esme jo aapne levels bataye hai wo kaafi achhe hai aur yehi yahan forum ka faida hota hai ki kisi dusre ke analysis ko bhi apne analysis ke saat match kar sakte hai..Quote:
Originally Posted by bimarosidin
chf cad
Support: 0.6972
resistance: 0.7103
prices are in support timeframe H1. do not buy if the price breaks the support, and if it breaks the support at the price then do sell, because the trend is down still dominate in the timeframe H1
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