Printable View
CADCHF analysis for this pair and the movement for today neutral on this and i have to give you the resistance and support levels for this pair.
Major support and resistance,
Support S.__1 0.9542
Support S.__2 0.9515
Support S.__3 0.9472
Resistance R.__1 0.9611
Resistance R.__2 0.9655
Resistance R.__3 0.9684
I am just giving my own analysis always trade with low risk.
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*
no position is executed. we move onto the pending orders.
the trend is up, green marbles were on the line o.
relatively safe to open a position with the lot is rather large.
instan buy order @ 0.8758
buy limit 1 @ 0.8676
buy limit 2 @ 0.8635
http://i1123.photobucket.com/albums/...1113-15-11.png
Pair is : Cad/Chf
Today trend is : Buy
today resistance and supporting level is:
Resistance is :
Current price is: 0.7496
1,Resistance level is :0.7511
2,Resistance level is : 0.7524
3,Resistance level is :0.7538
Support is :
1,Supporting level is :0.7481
2,Supporting level is :0.7468
3,Supporting level is :0.7456
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
thread's resistance and supporting:
Resistance1=0.8952
Resistance2=0.9910
Resistance3=0.8663
Supporting1=0.8896
Supporting2=0.8869
Supporting3=0.8888
Res/support
Resistance1=0.7498
Resistance2=0.7499
Resistance3=0.7490
Supporting1=0.7458
Supporting2=0.7436
Supporting3=0.7431
Although that this pair has covered the formed gap from yesterday but i expect more rise for it , it has been pushed up the last week by the uptrend line and will continue going up until it face the next resistance level that always get bounced from it , so i suggest to buy the pair on the short term with target @ 0.9385 before the resistance level @ 0.9393 (100.0%) , after which the pair will fall down again till the uptrend line , Good Luck
Cad/Chf
today trend is: buy
Resistance level:
1- Resistance : 0.7526
2- Resistance : 0.7540
3- Resistance :0.7555
Supporting level :
1- Supporting : 0.7501
2- Supporting : 0.7489
3- Supporting : 0.7475
CAD/CHF
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbor for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle.