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once in the prediction of several indicators for the technical analysis of currency pairs CADCHF on the market today are at the 0.7549 support level then I recommend you to do the open position BUY with some criteria such as the following. You put a take profit at 0.7634 positions. You put a stop loss at 0.7547 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend Up
The following resistance and supporting level of this pairs is as below :
The First Resistance == 0.7619
Second Resistance == 0.7631
Third Resistance == 0.7644
The First Support == 0.7549
Second Support == 0.7536
Third Support == 0.7524
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please.. share your analysis, so we can discuss in this forum to maximize our profit
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today's market technical over view for cad/chf
according to market technical analysis the market have buy trend
the market trend could remain in this position
expected resistance and support levels
market price ----------0.7590
1- Resistance level----------0.7615
2- Resistance level----------0.7631
3- Resistance level----------0.7656
1- Support level-------------0.7574
2- Support level-------------0.7549
3- Support level-------------0.7532
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we can see that the pair has closed it's daily candle above 0.8000 . so , that's means that up trend is expected and the pair might head to 0.8050 and then 0.8080 ,but also the hourly correction is expected before continue in the up trend
Resistance and Supporting level is:
Resistance price is :
Resistance 1:0.7590
Resistance 2:0.7610
Resistance 3:0.7626
Supporting price is :
Supporting 1:0.7550
Supporting 2:0.7519
Supporting 3:0.7501
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Pivotal Points: 0.7576
Resistance 3: 0.7643
Resistance 2: 0.7616
Resistance 1: 0.7603
Support 1: 0.7563
Support 2: 0.7536
Support 3: 0.7523
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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
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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 0.7588 and strong support in hourly time frame at level 0.7566 there is possible chance price will move to up side. then next high price is 0.7639
I suggest to entry BUY with stoploss at 0.7553 and take profit at 0.7638
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
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My analysis of Cad / Chf
Resistance and support level is :
current price .... 0.7513
Resistance level is :
Resistance level 1 # 0.7533
Resistance level 2 # 0.7563
Resistance level 3 # 0.7590
Support level is :
Support level 1 # 0.7490
Support level 2 # 0.7460
Support level 3 # 0.7430
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this is my analysis for CADCHF
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 0.7616 and the pair will continue to go up to the next resistance level at 0.7637
Resistance1 : ------- 0.7613
Resistance2 : ------- 0.7635
Resistance3 : ------- 0.7608
Support 1 : -------- 0.7568
Support 2 : -------- 0.7549
Support 3 : -------- 0.7606
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 0.7606 stop loss at the level 0.7651 target take profit at the level 0.7571
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience . remember..always trade in the direction of the current trend, because trend always your friend.
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we can see that the pair has closed it's daily candle above 0.8000 . so , that's means that up trend is expected and the pair might head to 0.8050 and then 0.8080 ,but also the hourly correction is expected before continue in the up trend
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Cad/Chf
today currency trend is :
Resistance and Supporting level is :
Current price is: 0.7559
1> Resistance Level is :0.7572
2>Resistance Level is : 0.7585
3>Resistance Level is:0.7597
Daily supporting level
1> Supporting Level is : 0.7544
2>Supporting Level is: 0.7531
3>Supporting Level is: 0.7517
