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If we look movement of this pair in tf m15, it's shown retraced down after can strength and touch in level daily pivot (0.9580).
For movement in this day, price will consistent down because any pressure from traders and situation.
It estimated will fell down until get lowest price in near weekly pivot point (0.9511).
Pattern Examination Utilizing Markers Raitis:
RaitisPriceChannel : DOWN
RaitisStoch : DOWN
RaitisCyFilter : DOWN
Prev/Every day High = 0.9550
Prev/Day by day Low = 0.9509
Y. Center = 0.9530
On the off chance that the cost is above 0.9530, it will up to 0.9550.
Then again on the off chance that the cost is beneath 0.9530, next focus at 0.9509.
also, CADCHF down
rejected from 0.9512 region, CADCHF solid bear, next target bear at beneath 0.9470 if this dimension drive down simple, bearish will progressively more grounded.
downtrend will resume back after it reach the trendline.....just watch for a revesal candlestik to enter the sell again and the projection will be below the support line within 0.9505 area
My recommendation for this pair is open sell
I analyses this trend after the great experience of trading. My experience is about 4 year of forex trading. I use moving average parabolic bar support and residence to understand the trend .my suggestion is not 100% correct because it is my experience only who I share with all of you.
CADCHF on sideways but with still to probably to bulls this bulls can start quite nice play if the 23.6 fibo on near price 0.9483 was truly can be break by strong bulls candle here. But, on other hand . just wait and see, as long as the price candle still move bellow that 23.6 fib 0.9483 with small movement
As you find in my following joined diagram, Climbing channel on the 4H time span has been broken fleece, so bearish developments are normal focusing on the following help level @ 0.9020. Stochastic help my bearish developments
Essentially, CADCHF is in bullish pattern development now and this combine additionally has broken the opposition level at 0.9600. I think CADCHF still gets an opportunity to go up and contact the following opposition level at 0.9638. Be that as it may, be watchful, if CADCHF can fall and break 0.9638 dimension once more, this match may makes some amendment development to the help level at 0.9554.
As you see in my following attached chart, the pair is moving within ascending channel regularly, now correction-bearish movements are expected targeting the lower line of the channel then strong bullish movements till the resistance level @ 0.9507
After understanding the analysis I am trying to discuses Cad/Chf pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( buy)
I use the moving average for analysis
Moving Average (period 60) Red:down
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green:down
Crossing Point:0.7315
End point of today market:0.7313
Daily (SA148P) updates for Cad/Chf
////////////Today\\\\\\\\\\\\\\
Standard Support – Resistance:
Resistent3: 0.7426
Resistent2: 0.7386
Resistent1: 0.7361
Pivot level: 0.7321
Support 1: 0.7281
Support 2: 0.7256
Support 3: 0.7216
--- Trading opinion for the best profitable trade: Open buy ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
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