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Cad/Chf
Trend is : buy
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 0.7622
2# Resistance is: 0.7633
3# Resistance is: 0.7645
Supporting level of this pair is :
1# Supporting is: 0.7599
2# Supporting is: 0.7588
3# Supporting is: 0.7576
Wednesday starts for us with a piece about the CADCHF. This is not a major pair but has a really interesting trading setup. In trading, you should always look for good opportunities on various instruments. Sticking only to one pair, can only do bad for You. Sometimes you will force yourself to trade even without a proper setup, which can cause serious losses. To avoid that, look for the best setups elsewhere and here is the part, when I am going to introduce You to the CADCHF. We actually did this, previously on the 19th of November. Back in that day, we were bearish:
„This is really interesting especially considering the price is breaking the lower line of the smaller triangle as we speak, which may be a proper signal to go short.”
analysis of CadChf
Bollinger Bands:sell
MACD:sell
Resistance and Supporting level is:
Pivot Point is : 0.7542
Resistance price is :
Resistance 1:0.7533
Resistance 2:0.7544
Resistance 3:0.7558
Supporting price is :
Supporting 1:0.7515
Supporting 2:0.7506
Supporting 3:0.7490
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CADCHF Today Analysis
PIVOT POINT 0.7534
Support 1 0.7521
Support 2 0.7500
Support 3 0.7487
Resistance 1 0.7555
Resistance 2 0.7568
Resistance 3 0.7589
Pair is in bearish trend
Support level:-
S1 0.7522
S2 0.7518
S3 0.7511
Resistance level:-
R1 0.7532
R2 0.7538
R3 0.7544
Pivot (invalidation): 1.0000
Our preference
Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension.
Alternative scenario
Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets.
Comment
The RSI is bullish and calls for further advance
Currency pair is : cadchf
Trend is : sell
Resistance and supporting level
Resistance level
1 Resistance is: 0.7560
2 Resistance is: 0.7590
3 Resistance is: 0.7620
Supporting level
1 Supporting is: 0.7510
2 Supporting is: 0.7480
3 Supporting is: 0.7460
CADCHF is a low-demand trading instrument with low liquidity. When forecasting with this instrument, you should focus on the pairs that consist of USD and each currency of the pair above, in the first place.
While dealing with CADCHF, main attention should be paid to such currency pairs as EURUSD, GBPUSD and USDJPY for their influence on the rate of national currencies of both Switzerland and Canada.
Canadian Dollar vs Swiss Franc
current price of this pair .0.7528
13 Mar 2019
Price Change (% chg) 0.0001 (0.0133%)
Closing price, the previous day. 0.7542
Opening price. 0.7538
The highest price over the last trading day. 0.7544
The lowest price over the last trading day 0.7519
Todays cad/chf Resistance & Support
Resistance
1-Resistance 0.7547
2-Resistance 0.7552
3-Resistance 0.7574
Support
1-Support 0.7536
2-Support 0.7525
3-Support 0.7509