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bullish 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 buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 0.7431 and strong support at level 0.7411 in hourly time frame. there is possible chance price will move to up side. then next high price is 0.7481
I suggest to entry BUY with stoploss at 0.7396 and take profit at 0.7481
I hope you can earn consistent profit from my signal, good luck
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The daily start of the CADCHF was today below the yestedday Pivot where you can monitor it at 0.7432 which mark a probably of downward market for the remaining of the current day. the signal of the moving averages could be extracted from the location of the fast MA which is currently below the slower 48MA to create a clear view about the bearish direction that could stand for the rest of the day. and also as the price keeps above the index line for the magic indicator to overrun the chances regarding the upward pattern goes for the current move. By examination it appears that we will be at downward direction and it shouldn�t pass the resistance that located at 0.7535 and the target could be situated close to the region of 0.7285 then the price 0.7175 on a row for short term sell positions opened
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Todays. cad/chf Resistance & Support
Resistance
1-Resistance 0.7446
2-Resistance 0.7453
3-Resistance 0.7470
Support
1-Support 0.7431
2-Support 0.7428
3-Support 0.7415
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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 breakout of the resistance level at 0.7384. and the pair will continue to go up to the next resistance level at 0.7359
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 0.7389. , stop loss at the level 0.7424. target take profit at the level 0.7344
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
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For the Canadian dollar has witnessed yesterday the issuance of the new house price index, which record steadier rate of 0.0% on the monthly level unchanged other than expectations, which had been monitoring a height of 0.2% and today at 3:30 pm GMT will be released the rate of growth in industrial sales and it is forecast to rise by 1.2% on monthly level.
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Daily analysis about trend is buy
Resistance and Supporting level is :
1> Resistance is : 0.7455
2>Resistance is : 0.7468
3>Resistance is: 0.7481
1> Supporting is : 0.7428
2>Supporting is: 0.7415
3>Supporting is: 0.7402
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CADCHF had been rejected by the 0.9459 support level yesterday, and the rejection effect still occur until now. Now CADCHF is moving near the 0.9506 resistance level. If CADCHF can break that resistance level, this pair may continue going up to the next resistance level at around 0.9554
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Today technical analysis of Cad/Chf is buy
Resistance and supporting level is:
Resistance level first:0.7453
Resistance level 2nd : 0.7463
Resistance level 3rd: 0.7473
Supporting level first: 0.7433
Supporting level 2nd: 0.7422
Supporting level 3rd:0.7411
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CadChf technical analysis by using : Auto pivot indicator.
resistent level 1 - 0.7569
resistent level 2 - 0.7532
resistent level 3 - 0.7498
pivot point - 0.7461
support level 1 - 0.7427
support level 2 - 0.7390
support level 3 - 0.7356
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal
on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
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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
