the average Uniformity and Clarity (both measured at the 5 bar level). This chart pattern continues the strong overriding downtrend which has affected this currency over the course of the last year (best seen on the daily and the weekly charts)
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the average Uniformity and Clarity (both measured at the 5 bar level). This chart pattern continues the strong overriding downtrend which has affected this currency over the course of the last year (best seen on the daily and the weekly charts)
The trade entry point is set far enough out such that a rally before the nonfarm payrolls data will be unlikely to trigger a trade, and thus, while some pips may be left on the table, a strong enough reading will more than make up the pip premium paid for waiting on the ideal fundamental scenario to match the appealing technical picture.
we can notice from the chart that the pair has closed under 0.7400 , that's mean the down trend is expected and the pair might head to 0.7350 then 0.7300 , however the pair made a hourly correcti
As one of the top beneficiaries of risk aversion flows, the Swiss franc risks further declines against the loonie after the pair broke above long-standing trendline support of a descending channel that has held since early May.
CAD/CHF's strong rebound this week suggests that a short term bottom is formed at 0.8408 on bullish convergence condition in daily MACD and RSI.
the pair has stated it's trading week above the level of 0.7900 and that's mean that the up trend is expected this week and the pair might head to 0.7950 and then 0.8000
The pair is currently trading close to the strong support at the round price level 0.8500 (standing just above the upper boundary of the Forecast Zone calculated by Autochartist for this Breakdown – 0.8485) which should be broken for the downtrend to continue. Expect downtrend acceleration on the breakdown through this support.
the pair and as we can see from the chart is trading now above the level of 0.7900 exactly at 0.7930 , so when ever the pair success in breaking 0.7900 , that's mean the down trend will be assured and the pair might head to 0.7860 and then 0.7820
the Swiss franc risks further declines against the loonie after the pair broke above long-standing trendline support of a descending channel that has held since early May.
CAD/CHF has recently completed the high Quality Falling Wedge chart pattern identified by Autochartist on the daily charts.