$CADCHF appears to be bottoming in line with $CADJPY and $CADUSD which offers further confirmation of a huge CAD rally that begins in the near future and likely takes us into 2018-2019. The techs on $CADCHF are obviously not as clear or clean as the other two pairs but they shouldn't be ignored. The market is dropping hints everywhere and it'd be wise to listen. This pair is probably best used as guidance for positions in $CADJPY and $CADUSD until more solid and reliable patterns form with time.
Targets are EXTREMELY obvious on this pair, the first is the 1995 low near the monthly 50ema/sma and the second is the high of the giant quarterly low candle formed in 2015 (swiss de-peg) which is just below the yearly .382 fib retrace level.
Ideally we bottom around this current area, then rally up to break the first target and then head off to the second target. We would then bounce off the second target forming a neckline and heading back down to the first target for a right shoulder within the potential inverse head and shoulder pattern.
Targets are EXTREMELY obvious on this pair, the first is the 1995 low near the monthly 50ema/sma and the second is the high of the giant quarterly low candle formed in 2015 (swiss de-peg) which is just below the yearly .382 fib retrace level.
Ideally we bottom around this current area, then rally up to break the first target and then head off to the second target. We would then bounce off the second target forming a neckline and heading back down to the first target for a right shoulder within the potential inverse head and shoulder pattern.