Bullish divergence on the 1hr and 4hr chart, both with MACD and Falling wedge. We need to get above marked level in order to look for that higher .72580 level.
CAD/CHF has a near perfect trendline break and back test on the 3 hour chart. Weakness that started in the middle of the week should carry over to next week. Short with a stop above the previous swing high, around 0.7620. Target between .73 and .74.
CAD/CHF printed a bullish reversal candle on the daily chart. A resumption of the bullish trend looks probable. Stochastics approaching oversold territory. Buy with a stop below today's low.
After a series of narrow range days at prior resistance, CAD/CHF broke down on Friday. Stochastics also coming down from overbought levels. Shorting here with a stop above the previous resistance (blue horizontal line) presents a good R/R trade.
Target at 50% Fib Retracement Level
Looks like a correction to the rising trend line.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: After 7 days there is no signal for trigger, status is changed to w/r/t (waiting for a retracement). I did change the Headline from D1 to H4 to not confusing to much. Also i did change the speed of the analyzing a little bit to show the double move better. Ok Lets see...
Hi all, Potential trade coming up on the CAD/CHF Weekly chart. Currently awaiting pullback to recent demand area to see if we can get a failure to go long. Notes: CAD has been strong (+5) for the last 3 days and CHF weak. TP: Recent High SL: Below Entry Limit your greed ! and be a part of us when we turn 400 USD into 40.000 USD. The challenge starts...