0.8495 is strong support if price break it we will see further landing on this pair but if price fial to break it price will rsie to resistance of 0.8995
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0.8495 is strong support if price break it we will see further landing on this pair but if price fial to break it price will rsie to resistance of 0.8995
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 .
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
we look at the Average Directional Indicator (ADX) it is telling us that we should be in a Neutral situation. In the one hour time frame the Exponential Moving Average period 5 is at 0.9303, giving the indication that we should Neutral. And the Exponential Moving Average period 20 is at 0.9305, giving the indication that we should be in a Neutral situation.
Candle is below Moving Average period 20 in 30 Minutes chart so I think it�s still standing for downtrend . First target must be at 0.8610 and second target at 0.8600 for next time. Place your stop loss 40 points from your open position.
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
once in the prediction of several indicators for the technical analysis of currency pairs CADCHF on the market today at 0.7504 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 0.7419 You put a stop loss positions at 0.7503, that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 0.7504
Second Resistance -- 0.7516
Third Resistance -- 0.7529
The First Support -- 0.7434
Second Support -- 0.7421
Third Support -- 0.7409
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
Today Analysis CADCHF
Market Trend BEARISH
Pivot Point 0.7485
S 1 0.7434
S 2 0.7405
S 3 0.7354
R 1 0.7513
R 2 0.7564
R 3 0.7595
This pair has been touched resistance 2 and RSI Slope moves down from overbought area. So i expect the price might be starts the correction process to meet previous R1 again.
Market analysis said, trend is buy
Resistances;
R1) 1.3374
R2) 1.3386
R3) 1.3398
Supports;
S1) 1.3355
S1) 1.3343
S3) 1.3330