Get started
StanleyS

CADCHF breaking out on the weekly chart

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
StanleyS Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF cadchflong
2
0
cadchf cadchflong
CADCHF breaking through longterm trendline going back to May 2010. Also from 23-month triangle.
Longterm trade - nothing for daytraders! Decisive close above 0.7650 will allow to add. Next add if weekly close above 0.7740.
Strong oil supports CAD. USDCAD could follow.
Trade active:
First long in anticipation of breakout at .76
Comment:
Nice weekly breakout, next resistance 0.7650.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.