APosner

$CADCHF retracement might be over

FX:CADCHF   Canadian Dollar/Swiss Franc
CAD/CHF             fell more than 20% from 8/2012 to 3/2014 and since then has been rallying. Even in the face of falling oil             and easing by the SNB the Loonie rallied. Since 10/6 price has been pushing against the .8600 and failing to break the level and move higher. This area is a 38.2% fibo retracement of the aforementioned high and low.
There is a minor support/resistance level at .8375 and if the next leg lower is beginning a short term rally to .8375 and a sell off from there would be a good signal. The current candle is a hammer and if confirmed may get this projection in motion.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out