PRICE IS ONCE AGAIN PUTTING PRESSURE ON SUPPORT JUST ABOVE THE 61.8 FIB LEVEL ON THE DROP CAUSED BY THE SNB IN JAN. WHATCH THIS AREA FOR A BREAK OR BOUNCE.
After a long rally CADCHF has finally found dome support at the median line of a downsloping pitchfork. The Swiss franc is no longer as strong as it used to be in the second half of January, but the CAD remains relatively weak. It looks to me like this market could do with a bit of correction: probably down to 0.77, but if it gathers bearish momentum, it might go...
The SNB, or the Swiss Negative Balance, event has left the ccy markets shaky und unstable. The NFA delayed decision to hike the margin requirements has probably stifled volume in the CHF markets, which is expressed in a lower price range. Notwithstanding that, CADCHF is in one of the strongest down trends of all the majors and is in the process of making a...
In my view most YEN pairs have completed the bullish cycle from moving of the 2011 low. Hence many have formed a top or are in process of doing so. CAD has been on weaker spectrum of major currency group and this is evident from CADJPY. Please see below a monthly chart for big picture view - in which you will note that it has topped at upper end of the potential...
Pay attention to important news for CAD tomorrow, because the forecast for these news are not so good to this view.
This pair has shown it found value around the options expiration line below price as I type this. I expect it to retest said line, to then move higher up, reaching the previous week high at the very least. Look for a solid directional move up on the NY open tomorrow as confirmation, for now a limit buy at or around the options expiration line should be a good idea...
Masih terjebak dalam triangle pattern dan minor support, pair ini tidak berubah banyak. Apabila terjadi break up dari triangle pattern, maka target bullish pada minggu ini dilevel 0.8611 Apabila terjadi break down maka bearish target pada 0.8350 Analisa minggu lalu (last week analysis) :
LONG AT .786 AND WILL STAY LONG AS LONG AS IT IS ABOVE .786 FROM LOWER BOTTOM.
English : Minor support will be important level for this week. If this level can hold bearish power, medium bullish target at 0.8540 or at resistance trianle pattern. If this pattern break up, maximum bullish target at 0.8600 as double top. Pay more attention on triangle perform, if breakdown happen, bearish target at 0.8350 Indonesian : Minor support akan jadi...
Hi, As you all know the long term bias for CADCHF is bearish. Just look at the weekly time-frame. In the Daily time-frame we've seen a correction to the up side (that I called it A leg of a ZigZag) which lasted 201 calendar days. Now I've waited for the B leg correction and as time unfolds it seems to be a Symmetrical Triangle which has already shown its "d...
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
Failed to break classic support and resistance level, this pair continue down with maximum target at 0.8200 0.8395 will be hard level to break, and if rejection from that level, bullish target will be at 0.8580 note : at this moment daily channel up already break, and if bearish perform, will be very long term opening position.
Short term trade, there's a possibility of hitting the middle of the channel soon, I'll watch for an entry at NY's market open. Big support underneath the current price, risk to the downside is relatively low, compared to the upwards potential.
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...
In the previous chart published, the downside was only partially without the major follow through expected. See So at the time only scratched trade at worse. It was based on weekly chart so not completely surprise and should have wider margin before completely discounting or calling it failure. So revisiting this chart, overall all reasons given earlier are...
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
CADCHF bearish below 8600 and guess wave five end on daily chart . first target 8400 then faces trend line break target will be 8300 and 8200. break 8600 open target to 8730 . --------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
CADCHF after buy hit target i was talked about .and now RSI broken bullish line again . and also touch trend line . i guess wave 5 end now and time to sell . first target now 8400 break trend line target will be 8250 . invalidation close daily above 8590 and target will be...