Thread: Cad/Chf
If a M15 close above 0.8600 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8600 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
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Bindas36 (2020-03-01)
the chart is showing that the pair has closed it's daily candle under the level of 0.8800 , and that's mean that the down trend is still standing and the pair might reach 0.8770 and then 0.8745
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Bindas36 (2020-03-01)
This movement is almost identical pairs with pairs AUDCHF.
prices experienced a slight correction, and I believe will move up.
I did not add a buy position because I think the 3-position is sufficient.
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Bindas36 (2020-03-01)
as we can notice from the chart , the pair has stated it's trading week under the level of 0.8800 and that's mean that the down trend is expected for this week and the pair might head to 0.8750 and then 0.8700
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Bindas36 (2020-03-01)
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
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Bindas36 (2020-03-01)
Buy above 0.8870 if a 4h bar closes above it.
Sell below 0.8795, Friday's low. This will represent a rejection off this level and might lead price to correct towards 0.8413.
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Bindas36 (2020-03-01)
the Canadian economy could “withdrawn eventually” following the Bank of Canada rate decision, the Loonie has declined on what otherwise would be considered bullish rhetoric
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Bindas36 (2020-03-01)
tomorrow, as renewed growth prospects for the United States would likely fuel inflows back in Loonie-based pairs for at least Friday’s trading session.
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Bindas36 (2020-03-01)
the pair and as we can from the chart has stated it's trading week above the level of 0.7950 and that's mean that the up trend is expected and the pair might head to 0.8000 and then 0.8100 how even if the pair make any howrly correction
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Bindas36 (2020-03-01)
The Loonie-Franc pair has declined sharply over the past few weeks, falling 6.86 percent since May 11, amid a global shift to risk-aversion and concerns on U.S. growth prospects, given the strong connections between the Canadian economy and the U.S. economy
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.
Bindas36 (2020-03-01)
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