I think that the 61.8 level of fibonacci ratios at 0.7685 will give us a good opportunity to get in short position with take profit at 0.7584.
Thread: Cad/Chf
I think that the 61.8 level of fibonacci ratios at 0.7685 will give us a good opportunity to get in short position with take profit at 0.7584.
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Spoiler:
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: It is predicted that the market will still be a correction in seikitar 0.7643, due to stochastic also has reached oversold.
Recommendation: Sell limit at 0.7463
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Market still has the potential to rise to the second support at 0.7694, due to stochastic and trend line is still pointing upwards.
Recommendation: Buy
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For the dollar Canadian Canadian dollar saw on Friday the release of the rate of growth in industrial sales, which rose by 2.9% on monthly level better than expected and that were monitored to rise by only 1.2%, but in return it has been prior revised figures, bringing the decline of the rate 1.7% to 2.2% monthly level of the past.
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Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: It is predicted that the market will touch the pivot point is at 0.7632, and then going down to 0.7549 trendline to touch down.
Recommendation: Sell limit at 0.7632
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
For the Canadian dollar has witnessed yesterday the issuance of the new house price index, which record steadier rate of 0.0% on the monthly level unchanged other than expectations, which had been monitoring a height of 0.2% and today at 3:30 pm GMT will be released the rate of growth in industrial sales and it is forecast to rise by 1.2% on monthly level.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think that we an get in long position from the support level at 0.7592 with take profit at 0.7742.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market may still be a correction on the Fibonacci 61.8 at 0.7585. Before continuing bullish movement, and was also seen on the stochastic, the market will go back up.
Recommendation: Sell with a target of 0.7585
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: If seen, Stochastic has entered oversold areas with a high volume was not followed. The possibility of the market will go directly to the Fibonacci 423.6 at 0.7800
Recommendation: Buy
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Welcome and thank you very much, my dear brother and I hope that everyone benefited from the Thread
And good luck to all users
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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