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You got a strong resistance area .......I think it will go down again after the access to that area will be the projection area around 8378 to complete the downside, but the price close above 8656 Tho strong support if you break the price it we will see further downside for this pair, but if the price of FIAL to break that pricewill rsie to resist
You got a strong resistance area .......I think it will go down again after the access to that area will be the projection area around 8378 to complete the downside, but the price close above 8656 Tho strong support if you break the price it we will see further downside for this pair, but if the price of FIAL to break that pricewill rsie to resist
Technical analysis for this pairs
cad/chf analysis for 30.12.2018
( CAD/CHF ) price sell (minimum) is 0.7525
or buy (maximum) 0.7537
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.. Thanks
in the M30 time frame the price is making a bearish engulfing candlestick pattern. and price is also move to down side. the stoch is move out from the over bought area. price is rejected from the 0.9260 we can short this pair to the target at 0.9200
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).
There was no significant movement yesterday on CADCHF market. Then, we can see about that on the previous candle on daily chart. So, I think the breakout movement may happens today.
If CADCHF can break the yesterday's high, this pair may goes up to the resistance level at 0.9600 or even 0.9638.
But if CADCHF can break the yesterday's low, this pair may falls to the support level at 0.9506 or lower.
Presently cost is appearing twofold best around the obstruction territory at 0.8413, this is a solid move flag.
The stop misfortune ought to be over the two highs made for the current week and the benefit focus around 0.8256 - the obstruction from a week ago should transform into help.
Daily overview for CadChf
The price is finding the first support at 0.7188 and the next support is at 0.7169 The price is finding the first resistance at 0.7233 and the next resistance is at 0.7255
--- Trading recommendations for ttrading : Open Sell ---
I predict price will be continued falling today. The first target is the level 0.7175 After fixing below the first target, then price will go to the level of 0.7152 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Support – Resistance :
Resistent1 : 0.7233
Resistent2 : 0.7255
Resistent3 : 0.7272
Support 1 : 0.7188
Support 2 : 0.7169
Support 3 : 0.7184
this is my analysis for CADCHF pair , hopefully it will be good & understandable and help you to earn good profit in trading
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breadown of the resistance level at 0.7186 and the pair will continue to go down to the next level level at 0.7161
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 0.7191 stop loss at the level 0.7226 target take profit at the level 0.7146
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
bearish trend seems to be taking place on the cadchf pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 0.7211 and strong resistent at level 0.7231 in hourly time frame. there is possible chance price will move to up side. then next low price is 0.7161
I suggest to entry SELL with stoploss at 0.7246 and take profit at 0.7161
I hope you can earn consistent profit from my signal, good luck