tigo2020
Long

CAD/CHF to 0.8700 in the coming days

FX:CADCHF   Canadian Dollar/Swiss Franc
151 4 3
Observations
1. Price broke a long term down trend line on May 13th 2014 and has since been going higher.
2. Yearly Pivot is still unhit @ 0.8719
3. The 1.618 Fib extension for the latest up swing is around 0.8700
4. Hidden divergence is seen (Price made a higher low while stochastic made a lower low)
Expectations
- I expect price will move up in the coming days to 0.8700
- Pips from current price level = 316 pips

Tigo2020, nice analysis. About the hidden divergence, does it mean the price will go down ?

Thanks.
Reply
Well hidden divergence signal trend continuation. The most recent trend has been up. so I am expecting a move to the north
Reply
aleipena tigo2020
Thanks for the quick reply tigo2020, Everyday I learn something new. I was not aware that hidden divergence is a signal continuation. Actually I was not aware about the existence of hidden divergence.

Thanks.
Reply
Thanks for the Chart Nimer. Hope you have a great weekend!
Reply
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