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The resistance of the range was at 0.8158, and today we closed at 0.8208.
The next target is the following resistance at 0.8413. *it's not a coincidence the range was aprox 250 pips wide and that the next target above the resistance is also 250 pips*
Today analysis for the pair of ; Cad/Chf
--- 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
Resistance level of this pair is:
1# Resistance is: 0.7466
2# Resistance is: 0.7473
3# Resistance is: 0.7484
Supporting level of this pair is :
1# Supporting is: 0.7443
2# Supporting is: 0.7436
3# Supporting is: 0.7424
Cad/chf
cad chf pair seems to have a strong support .8600
I think it can be bought from thsi value till 0.8650
If it crosses 0.8650...it can furthur touch 0.8700
cad chf pair seems to have a strong support .8600
I think it can be bought from thsi value till 0.8650
If it crosses 0.8650...it can furthur touch 0.8700
The resistance of the range was at 0.8158, and today we closed at 0.8208.
The next target is the following resistance at 0.8413. *it's not a coincidence the range was aprox 250 pips wide and that the next target above the resistance is also 250 pips*
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
Trend Analysis Using Indicators Raitis:
RaitisPriceChannel : DOWN
RaitisStoch : DOWN
RaitisCyFilter : DOWN
Prev / Daily High = 0.9550
Prev / Daily Low = 0.9509
Y. Middle = 0.9530
If the price is above 0.9530 then it will up to 0.9550.
On the other hand if the price is below 0.9530 then next target at 0.9509.
and CADCHF down
rejected from 0.9512 area, CADCHF strong bear, next target bear at below 0.9470 if this level force down easy, bearish will more stronger.
Today cad/chf rate is 0.75142
by observing the routine of the chart carefully i have come to knwo that the most suitable and the
best selling point will be 0.75021
and the best next buy point will be 0.75298
i hope you will obey my views
all the best
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
The trading rang for today is among the major support @ 0.8430 and the key of resistance @ 0.86 .
The general over short term basis is to the downside targeting 85 as far as area of 0.8430 .
In the H4 time frame the macd bar are moving to zero line and price is also rejected from the resistance at 0.9344 it is try to hold at the support 0.9295. if this level is break we can short this pair to the target at 0.9180